Bank of Canada needs to improve communications with the general public, says C.D. Howe (opens original article in a new tab)

A report by the C.D. Howe Institute says the Bank of Canada needs to improve its communication with the public, suggesting a shift from core inflation measures to clearer explanations of how it plans to reduce headline inflation to the 2% target.

• The C.D. Howe Institute report states that the Bank of Canada's communication about monetary policy is too technical for the general public.
• The report recommends the Bank focus on explaining how it plans to bring headline inflation back to the 2% target rather than relying on core inflation measures.
• The Bank of Canada is currently reviewing its monetary policy framework ahead of a potential renewal in 2026.