Bank of Canada’s Forward Guidance Unlikely to See Significant Alterations: TDS Analysis
The Bank of Canada (BoC) has been using forward guidance as a tool to help guide monetary policy and manage expectations in the economy. Recently, analysts from Toronto-Dominion Bank (TDS) have released an analysis that suggests the BoC is unlikely to make any significant changes to its forward guidance in the near future. Forward guidance is a tool used by central banks to provide information about their future intentions regarding monetary policy. It helps to shape expectations in the economy and can be used to influence the behaviour of economic