Order in Council 2017-19 (Appointment of Deloitte LLP and Ernst and Young LLP to audit the affairs and perform the annual audits of the Bank of Canada.)

His Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 28 of the Bank of Canada Act,

(a) appoints the firm of accountants Ernst & Young LLP and Deloitte LLP of Ottawa, Ontario, to audit the affairs and to perform the annual audits of the Bank of Canada for the five fiscal years commencing on January 1, 2018 and terminating on December 31, 2021; and

(b) expands the audits into the following areas:

(i) any deposits from foreign banks;

(ii) current open accounts in central banks of other countries;

(iii) deposits from corporations in Canada;

(iv) mass amounts (not less than $250,000) of capital moving between the Bank of Canada and foreign banks, governments, and corporations;

(v) the current transparency procedures for the Bank of Canada to ensure they are in accordance with correct record-keeping procedures; and

(vi) accusations that the Government of Canada did in 2008 and 2009 indeed bailout banks in Canada in amounts reaching a total of $114 billion in expenditures under the guise of “liquidity support”.