Mr. Speaker, any apparent conflict of interest in our democratic institutions undermines public confidence. That is one of the reasons why the Conservatives promised to do things differently from the Liberals and to replace their lax approach with strict rules. Unfortunately, as Sheila Fraser reminded us yesterday, they have not always done that.
Yesterday evening, we learned that the Governor of the Bank of Canada, himself a former executive at Goldman Sachs, has hired Timothy Hodgson, the chief executive officer of Goldman Sachs Canada, for a period of 18 months. Mr. Hodgson will then be free to return to the private sector, as his contract does not include a cooling-off period.
Does the minister think this is acceptable?