I have another question related to this answer.
I understand from your response that cabinet has no say in decisions made by the bank, since the bank is an independent organization that makes its own decisions.
That said, you're asking Parliament to give $35 billion to the bank. This is taxpayer money. We're also told that private investors will invest up to four times the amount invested by the government. We're talking about possibly $140 billion, including $35 billion from the public. I'm worried that taxpayers, who will have paid $35 billion, won't have much input in decisions in comparison with investors, who will have allocated four times as much money. We're currently talking about spending public money.
This leads me to my question. To what extent should the public, or the government, be represented on the bank's board of directors? In the bill before us, there's no place on the board of directors for the government or a public representative who would advocate for the public interest. Can you tell me whether I understood the situation correctly? Would it be a good idea for the legislation to include a provision that would require the participation of a public representative on the board?