Bank of Canada needs to improve communications with the general public, says C.D. Howe

The C.D. Howe Institute has pointed out that the Bank of Canada needs to do a better job explaining its economic policies to the general public. While core inflation measures are valuable for internal decision-making, they often leave average Canadians feeling confused. This lack of clarity can lead to misunderstandings about economic policies and their impact on everyday life. Improving communication could help build public trust and ensure that people better understand the implications of monetary policy decisions.