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Posted AT 12:28 AM EST on 08/07/08

Companies plan to raise prices for consumers

HEATHER SCOFFIELD

From Tuesday's Globe and Mail

OTTAWA — Almost half of Canadian companies plan to jack up prices over the next year to cover soaring costs of energy and other commodities, according to a key survey released yesterday by the Bank of Canada. A record-high 42 per cent of companies queried for the central bank's quarterly business outlook said customer price increases will pick up steam over the next 12 months.

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