BMO on The Day, Week Ahead in Canada
BY MT Newswires | ECONOMIC | 02/17/26 07:30 AM EST07:30 AM EST, 02/17/2026 (MT Newswires) -- Bank of Montreal (BMO) said that Canada will release the consumer price index for January at 8:30 a.m. ET on Tuesday.
CPI likely rose "modestly" in January, with energy prices climbing, noted the bank. All told, BMO is looking for CPI to increase 0.2% month over month, which will push inflation up a tick to 2.5% year over year due to last year's tax cut.
Core inflation (CPI Trim & Median) is expected to be flat to lower, continuing the decelerating trend in place over the prior few months, stated the bank.
On Friday, investors will get a pulse-check on Canadian consumers. BMO estimates retail sales are expected to slip 0.5% month over month in December, in line with Statistics Canada's flash estimate. Soft auto sales will weigh on the headline, with spending excluding autos looking to edge up, although restrained by lower gasoline prices.
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