Proceedings of the Standing Senate Committee on
Banking, Trade and
Commerce
Issue 27 - Minutes of Proceedings
OTTAWA, Tuesday, September 29, 1998
(48)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met this day at 9:00 a.m. in Room 505, Victoria Building, the Chairman, the Honourable Michael Kirby, presiding.
Members of the committee present: The Honourable Senators Angus, Callbeck, Hervieux-Payette, P.C., Kelleher, P.C., Kenny, Kirby, Kolber, Meighen, Oliver, Stewart and Tkachuk (11).
Other senator present: The Honourable Senator Kroft (1).
In attendance: From the Parliamentary Research Branch, Library of Parliament: Mr. Gerry Goldstein, Director Economics Division and Ms Margaret Smith, Research Officer, Law and Government Division.
Also present: The official reporters of the Senate.
WITNESSES:
From the Canadian Bankers Association:
Mr. Raymond J. Protti, President and Chief Executive Officer; and
Mr. Léon Courville, Chief Executive Officer, National Bank of Canada.
Pursuant to the Order of Reference adopted by the Senate on Wednesday, October 22, 1997, the committee resumed its examination into the state of the financial system in Canada and in particular its study of the Task Force on the Future of the Canadian Financial Services Sector. (See Issue No. 1, October 23, 1997, for the full text of the Order of Reference.)
Mr. Protti made an opening statement and then, along with Mr. Courville, answered questions.
At 11:35 a.m., the committee adjourned to the call of the Chair.
ATTEST:
OTTAWA, Tuesday, September 29, 1998
(49)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met this day at 5:05 p.m. in Room 505, Victoria Building, the Chairman, the Honourable Michael Kirby, presiding.
Members of the committee present: The Honourable Senators Angus, Callbeck, Hervieux-Payette, P.C., Kelleher, P.C., Kenny, Kirby, Meighen, Oliver and Tkachuk (9).
Other senators present: The Honourable Senators Joyal, P.C. and Di Nino (2).
In attendance: From the Parliamentary Research Branch, Library of Parliament: Mr. Dan Shaw, Economics Division.
Also present: The official reporters of the Senate.
WITNESSES:
From the Royal Bank of Canada:
Mr. John E. Cleghorn, Chairman and Chief Executive Officer.
From the National Bank of Canada:
Mr. Léon Courville, President and Chief Operating Officer; and
Ms Dominique Vachon, Vice-President and Chief Economist.
Pursuant to the Order of Reference adopted by the Senate on Wednesday, October 22, 1997, the committee resumed its examination into the state of the financial system in Canada and in particular its study of the Task Force on the Future of the Canadian Financial Services Sector. (See Issue No. 1, October 23, 1997, for the full text of the Order of Reference.)
Mr. Cleghorn made an opening statement and then answered questions.
Mr. Courville made an opening statement and then, along with Ms Vachon, answered questions.
At 8:15 p.m., the committee adjourned to the call of the Chair.
ATTEST:
Gary Levy
Clerk of the Committee