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Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce

First Session Thirty-sixth Parliament, 1997-98

Chairman: The Honourable MICHAEL KIRBY

Monday, October 5, 1998
Tuesday, October 6, 1998 (a.m.)
Tuesday, October 6, 1998 (p.m.)

Issue No. 29

Thirty-second, thirty-third and thirty-fourth meetings on: Examination of the present state of the financial system in Canada (Task Force on the Future of the Canadian Financial Services Sector)

WITNESSES:

October 5, 1998

From the Insurance Bureau of Canada:

Mr. George L. Cooke, Chair, Bank/Insurance Steering Committee of the Insurance Bureau of Canada and President and Chief Executive Officer of the Dominion of Canada General Insurance Company;

Mr. George D. Anderson, President and Chief Executive Officer of the Insurance Bureau of Canada; and

Mr. Mark Yakabuski, Vice-President, Government Relations.

From the Insurance Brokers Association of Canada:

Mr. Mike Toole, President;

Mr. Jim Ball, President-elect;

Mr. Robert Ballard, Vice-President;

Ms Mabel Samson, Executive Director; and

Mr. Dan Tessier, Public Affairs.

October 6, 1998

Morning sitting

From the Great-West Life Assurance Company:

Mr. Ray McFeeters, President and Chief Executive Officer;

Ms Sheila Wagar, Senior Vice-President, General Counsel and Secretary; and

Mr. Allan Edwards, Senior Vice-President and Chief Actuary.

From the Sun Life Assurance Company Canada:

Mr. Don Stewart, President and Chief Executive Officer; and

Mr. Christopher Barry, Assistant Vice-President.

Afternoon sitting

From AGF Management Ltd, Mackenzie Financial Corp. and Trimark Investment Management Ltd:

Mr. Blake C. Goldring, President and Chief Operating Officer, AGF Management Limited;

Mr. Jim Hunter, President, Mackenzie Financial Corporation; and

Mr. William C. Harker, Senior Vice-President, Trimark Financial Corporation.

From TelPay:

Mr. W.H. Loewen, President.

From the Canadian Institute of Chartered Accountants:

Mr. Graeme K. Rutledge, Chair, CICA Financial Institutions Reform Study Group;

Ms Sylvia Smith, Director, Accounting Standards; and

Ms Diana R. Hillier, Director, Auditing Standards.

MEMBERS OF THE COMMITTEE

The Honourable Michael Kirby, Chairman

The Honourable David Tkachuk, Deputy Chairman

and

The Honourable Senators:

Angu,s Callbeck, * Graham, P.C. (or Carstairs), Joyal, P.C., Kenny, Kolber, Kroft, * Lynch-Staunton (or Kinsella (acting)), Meighen, Oliver, Stewart

* Ex Officio Members

(Quorum 4)

Changes in membership of the committee:

Pursuant to Rule 85(4), membership of the committee was amended as follows:

The name of the Honourable Senator Joyal substituted for that of the Honourable Senator Hervieux-Payette (October 5, 1998).

The name of the Honourable Senator Kroft substituted for that of the Honourable Senator Austin (October 5, 1998).

The name of the Honourable Senator Kelleher substituted for that of the Honourable Senator Spivak (October 1, 1998).

The name of the Honourable Senator Spivak substituted for that of the Honourable Senator Kelleher (October 1, 1998).

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