The Globe and Mail reports in its Saturday edition that the Bank of Canada said the threshold for using emergency monetary policy tools, like large-scale government bond purchases, should remain "very high." The Globe's Mark Rendell and Nojoud Al Mallees write that this announcement followed a detailed review of the extraordinary measures taken to support financial markets and the Canadian economy during the early pandemic years. "The [BOC] recognizes that these exceptional monetary policy tools should remain exceptional and be used only during periods of extreme economic stress," the bank's governing council said in response to an internal staff report. The staff review determined that the BOC did a poor job delineating between its different financial stability and monetary policy goals, creating confusion about the nature of its asset purchases. The external assessment agreed with the finding. "A clearer distinction would not only improve the communication around these programs, but also incentivize a careful consideration of the amount, duration and structure of any asset purchase program at each stage," wrote the three outside experts. The BOC's review also suggested that forward guidance could have been done better.