The Financial Post reports in its Saturday edition that Governor Stephen Poloz says the Bank of Canada intends to abandon guidance on the direction of interest rates because doing so will lead to less volatility in normal times and less market parsing of the BOC's statements. A Reuters dispatch to the Post reports that Mr. Poloz's remarks come about two weeks before the BOC releases its quarterly monetary policy report and next rate statement. Markets have been debating whether Mr. Poloz will give up the neutral stance as to the direction and timing of the next rate move. No one expects a change in the central bank's 1-per-cent overnight lending rate on Oct. 22, but markets are looking carefully at the language used. It was not certain from his remarks when Mr. Poloz would drop the word "neutral" from the bank's rate statements, but he made clear he did not intend in the future to return to explicit mentioning of a tightening or easing bias. He said a healthier market would result from the BOC laying out all the considerations of where it sees the economy and letting markets draw conclusions about rates. He said he would not give a signal if rates were imminently going to rise, "because the market will know."