The central bank has come under a rare attack from critics, including opposition Conservative leader Pierre Poilievre, for misjudging inflation
FILE PHOTO: A sign is pictured outside the Bank of Canada building in Ottawa
The Bank of Canada has come under a rare attack from critics, including the opposition Conservative leader Pierre Poilievre, for misjudging inflation, which led to renewed calls for it to release minutes and be more transparent about its decision-making process. Following a review from the International Monetary Fund, the central bank accepted a key recommendation and agreed to release the "Summary of Deliberations," similar to meeting minutes released by other central banks.
The IMF's 98-page report, which followed a voluntary review with the Bank of Canada, included 10 recommendations, including that the bank publish summaries of its rate decisions and provide more transparency on its "bilateral collaborations" with government.
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