Senator Gignac: Thank you, Senator Gold. Your answer is reassuring, and I agree with you on the independence of the Bank of Canada with respect to political pressure. That said, we find ourselves in the context of a minority government that has the support of the New Democratic Party. Can you assure us that the Bank of Canada will continue to be independent over the next two years and that it will not be subject to constraints related to the context of this coalition?

Senator Gold: Thank you for the question. One of my former professors of constitutional law, Laurence Tribe, often said that if you live with a crystal ball, you must be prepared to eat glass once in a while. Personally, I do not have a strong enough stomach for that. I have no idea what will happen over the next two years, but I do know that the confidence and supply agreement contains a very specific list of the terms and conditions for maintaining the coalition, and I don’t think that this issue is on the list.

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