The Financial Post reports in its Saturday edition that the Bank of Canada is a humble institution that, under governor Stephen Poloz, is becoming a decidedly human-scale institution with specific and limited established objectives. The Post's Terence Corcoran writes that Canada never joined the great global experiment in economic stimulus via quantitative easing. Under Mr. Poloz, the Bank of Canada has moved to an even tighter focus on its core objective, maintaining stable prices without pretending to be a national economic saviour. Mr. Poloz revealed his philosophy last week, with the release of a discussion paper. The bank's primary job is not to keep offering "forward guidance" on where rates are headed, which Mr. Poloz said "can become addictive for markets if it is overly precise or heavily weighted with caveats." Mr. Poloz has been at the bank's helm for a more than year, but a fresh flash of the more modest, less ambitious Bank of Canada will appear on Wednesday when it sets the overnight lending rate -- currently at 1 per cent -- for the next six weeks. Mr. Corcoran says the BOC will almost certainly hold that rate until the next rate setting on Dec. 3. The BOC will not provide forward guidance.