More than two-thirds of Canadian firms are expecting inflation to stay above 3 percent over the next two years, says a new survey from the Bank of Canada. Released on April 4, the online survey conducted between March 4 and March 10 asked 152 firms about their expectations for the country’s inflation rate in the coming years. The majority of businesses (70 percent) said they expect the average inflation rate to be well above 3 percent, while 26 percent thought the rate will stay around 2 to 3 percent. On March 16, Statistics Canada reported that the consumer price index (CPI), a key inflation gauge that measures changes in how much Canadians are paying for goods and services, jumped again in February, rising 5.7 percent compared to February 2021—the largest gain since 1991. “February marked the second consecutive month where headline inflation exceeded 5%,” the agency said. Firms surveyed said ongoing supply …