39. The Institut may invest the sums at its disposal for its administration under this Act(1) in demand deposits or term deposits of less than one year with the Caisse de dépôt et placement du Québec, a bank or an authorized foreign bank listed in Schedule I, II or III to the Bank Act (Statutes of Canada, 1991, chapter 46), or a financial services cooperative;
(2) in securities for a term of less than one year issued or guaranteed by the Gouvernement du Québec or the Government of Canada.