Senator Gold: Thank you for your supplementary question. As I indicated, the CPPIB is an independent institution, and part of its effectiveness and long-term stability requires that it be independent. However, the government has and will continue to consider the many different ways it can support Canadian businesses and is grateful for the senator’s continued advocacy on this issue.

Hon. Marc Gold (Government Representative in the Senate): Thank you for the question. The Canada Pension Plan Investment Board, or CPPIB, is an independent body that makes its own investment decisions. The CPPIB operates at arm’s length from both federal and provincial governments and has a mandate to invest Canada Pension Plan funds in the best interests of the 20 million Canadians who contribute and benefit from that plan. Importantly, as affirmed in the board’s 2019-20 report, the Canada Pension Plan remains secure, and the resilience of the fund should give Canadians confidence. The plan continues to meet its performance objectives and provides a foundation for retirement for Canadians, even in these times of unprecedented uncertainty.