Suppose you had invested a certain amount of resources into researching the geology of Northern Quebec and had identified a region where there was a near-certainty of finding gold. Would you tell everyone? Or would you keep your findings to yourself and quietly acquire the necessary mining rights?
The Bank of Montreal released a report the other day, forecasting a depreciation of the Canadian dollar to 0.93 USD by the end of the year. The question that comes to my mind isn't whether or not the forecast is a good one. My question is: why would the BMO tell us? More generally, why do private-sector firms make their forecasts public?