Bank of Canada rebuts ‘epic fail’ communication claim


The Bank of Canada has dismissed claims by a commercial bank economist that it failed to properly signal its recent rate hike, triggering volatility in financial markets.

Douglas Porter, chief economist at Bank of Montreal, issued a scathing research note on September 8, criticising the absence of communication in the two months running up to the decision. “What we had here was a failure to communicate – an epic fail. And that’s just not on,” he writes.

The Bank of Canada’s decision to raise t

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: