Scotiabank Previews Monday's CPI in Canada; Doesn't See Central Bank Taking Action From This CPI Data

07:56 AM EST, 11/17/2025 (MT Newswires) -- Canada updates the consumer price index for October at 8:30 a.m. ET on Monday, said Scotiabank.

It's the last inflation report before the Bank of Canada's next decision on Dec. 10, but the BoC has made it clear that it's sidelined at least for the next several meetings, noted Scotiabank.

The bank estimated headline CPI at 0.2% month-over-month non-seasonally adjusted and 2.1% year over year. October often brings substantially positive seasonal effects on prices, but lower gasoline prices should offset some of that.

Consensus is around 0.2% month over month, more or less one tick, added Scotiabank.

Core inflation measures are what will matter more, except the BoC doesn't know what core measures it wishes to track closer than others and has signalled that next year's five-year review of its policy framework may add a couple more, pointed out the bank.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.