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CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We consent to the reference to our firm under the caption "Experts" in the Registration Statement on Form F-10 and related short form base shelf prospectus of Central Fund of Canada Limited (the "Company") for the registration of its non-voting, fully participating Class A shares and to the incorporation by reference therein of our reports dated December 12, 2011, with respect to the financial statements of the Company and the effectiveness of internal control over financial reporting of the Company, included in its Annual Report (Form 40-F) for the year ended October 31, 2011 filed with the Securities and Exchange Commission.
Yours very truly,
/s/ Ernst & Young LLP
Chartered Accountants
Licensed Public Accountants
Toronto, Canada
October 18, 2012
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM