Thank you, Mr. Chair.
Thank you both for being here today.
First, I am going to ask a question that perhaps you were not expecting today.
Some time ago, a number of observers and even economists said that the mandate of the Bank of Canada changed in 1974 and, since that time, it can no longer lend money to the Government of Canada. I would like to give you the opportunity to reply to the questions that have been raised many times in public debate, as to why the Bank of Canada no longer lends money to the Government of Canada. Perhaps that would enlighten all those who have written about the subject.