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Decentralized Democracy

Senate Volume 153, Issue 3

44th Parl. 1st Sess.
November 24, 2021 02:00PM
  • Nov/24/21 2:00:00 p.m.

Hon. Diane Bellemare: I have a question for the Government Representative in the Senate, Senator Gold, and I congratulate him on his reappointment.

My question has to do with the five-year agreement between the Bank of Canada and the Government of Canada. As you know, there is no in-depth review by parliamentary committees before the government signs an agreement with the Bank of Canada on specific monetary policy. This agreement has a significant influence on the country’s economy and public finances, but it is free from any scrutiny by parliamentarians.

December is fast approaching, and the agreement has yet to be renewed. That is unusual, since past agreements have generally been submitted in October. When can we expect to see this agreement, and when will we be able to question the Minister of Finance on the content of this agreement here in the chamber?

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