The Financial Post reports in its Thursday edition that Bank of Canada Governor Stephen Poloz has made it clear, he is done with providing "forward guidance" and is substituting that with greater "transparency" on risks of policy makers missing their inflation target. Mr. Poloz said Wednesday: "Just as our analysis of the economic forces have been evolving, with events as they transpire, so is the way in which we conduct monetary policy -- adapting, in real time, to the changing environment. ... One powerful risk management tool that monetary policy makers have in their tool kit is so-called forward guidance -- that's the ability to provide the market more certainty about the future path of interest rates." Mr. Poloz said he is taking "uncertainty out of the market" and placing "it firmly on the shoulders of the central bank." He said: "Forward guidance will be reserved for times when we believe the benefits are clear -- periods of market stress, periods when traditional monetary tools are constrained. ... Otherwise, we'll let markets do their job ... and grind out new pricing, without specific interest rate guidance from the bank, but supported by the increased transparency around our outlook for inflation."