TD Sees Monday's CPI Confirming Prices Are Stabilizing in Canada

06:30 AM EST, 11/17/2025 (MT Newswires) -- Last week's "light" economic data in Canada paved the way for the federal government to make another splash following the federal budget release, said TD.

Prime Minister Mark Carney announced six new projects of perceived "national importance" to be considered for fast-track approval, increasing the total to 11. Two additional projects are in British Columbia --the North Coast Transmission Line and the Ksi Lisims LNG project -- while Ontario's Crawford Nickel project and Quebec's Nouveau Monde Graphite project were also included.

The Sisson Mine in New Brunswick and a hydroelectric project in Iqaluit have also been added to the roster. The projects included on the list are at various stages, from early-planning to mid-construction, and are estimated to cost a total of over $100 billion.

The hope is that fast-tracking these projects through the existing regulatory framework will bolster Canada's economy and help reach the government's broader goal of catalyzing $500 billion in private-sector investment over the next five years, a substantial tailwind for the economy should it materialize.

From the bank's lens, the Major Projects Office still has its work cut out for it in bringing these projects to fruition. Given the novelty of the fast-tracking initiative, TD's outlook remains "cautious" but could be upgraded if notable progress on the investments is made.

This week brings an important inflation update on Monday, stated the bank. Canada will release the consumer price index data for October at 8:30 a.m. ET Monday.

Headline price growth in October is projected to slow, partly due to lower energy prices, while core inflation measures are expected to remain near the upper limit of the Bank of Canada's 1%-3% inflation target range, added TD.

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