Proceedings of the Standing Senate Committee on
Banking, Trade and
Commerce
Issue 31 - Minutes of Proceedings
HALIFAX, Tuesday, October 20, 1998
(57)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met this day at 9:00 a.m. in Highland Suite 8, World Trade and Convention Centre, in Halifax, the Chairman, the Honourable Michael Kirby, presiding.
Members of the committee present: The Honourable Senators Angus, Austin, P.C., Callbeck, Hervieux-Payette, P.C., Kelleher, P.C., Kenny, Kirby, Meighen, Oliver and Tkachuk (10).
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 Atlantic Provinces Economic Council:
Ms Elizabeth Beale, President and Chief Executive Officer.
From the Metropolitan Halifax Chamber of Commerce:
Mr. Terry Norman, Director; and
Ms Nancy Conrad, Assistant General Manager.
From Innovacorp:
Dr. Ross McCurdy, Chief Executive Officer; and
Mr. Lorne Ferguson, Executive Director, Corporate Planning.
From Saint Mary's University:
Professor J. Colin Dodds, Vice-President, Academic and Research.
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.)
Ms Beale made an opening statement and then answered questions.
Mr. Norman made an opening statement and then, along with Ms Conrad, answered questions.
Dr. McCurdy made an opening statement and then, along with Mr. Ferguson, answered questions.
Professor Dodds made an opening statement and then answered questions.
At 12:45 p.m., the committee adjourned to the call of the Chair.
ATTEST:
HALIFAX, Tuesday, October 20, 1998
(58)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met this day at 2:00 p.m. in Highland Suite 8, World Trade and Convention Centre, in Halifax, the Chairman, the Honourable Michael Kirby, presiding.
Members of the committee present: The Honourable Senators Angus, Austin, P.C., Callbeck, Hervieux-Payette, P.C., Kelleher, P.C., Kenny, Kirby, Meighen, Oliver and Tkachuk (10).
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 Beacon Securities Limited:
Mr. Lonsdale W. Holland, President.
From PEI Mutual Insurance Company:
Mr. Terry Shea, Secretary Treasurer.
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. Holland made an opening statement and then answered questions.
Mr. Shea made an opening statement and then answered questions.
At 4:00 p.m., the committee adjourned to the call of the Chair.
ATTEST:
HALIFAX, Wednesday, October 21, 1998
(59)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met this day at 9:05 a.m. in Highland Suite 8, World Trade and Convention Centre, in Halifax, the Chairman, the Honourable Michael Kirby, presiding.
Members of the committee present: The Honourable Senators Austin, P.C., Callbeck, Hervieux-Payette, P.C., Kelleher, P.C., Kenny, Kirby, Oliver and Tkachuk (8).
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 Maritime Life Assurance Company:
Mr. William A. Black, President and Chief Executive Officer.
From the Insurance Brokers' Association of Nova Scotia:
Mr. Stephen Greene, Executive Director.
From the Atlantic Conference of Insurance Brokers:
Mr. John Thompson, President, Insurance Brokers' Association of Newfoundland;
Mr. Bruce Lipsett, President, Insurance Brokers' Association of Nova Scotia;
Mr. John Stevens, Chairman, Insurance Brokers' Association of New Brunswick; and
Mr. Fred Hyndman, Chairman, Insurance Brokers' Association of Prince Edward Island.
From the Atlantic Provinces Chamber of Commerce:
Mr. Stephen D. MacMackin, President; and
Mr. Sean Cooper, Regional Executive Director.
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. Black made an opening statement and then answered questions.
Mr. Thompson made an opening statement and then, along with other witnesses, answered questions.
Mr. MacMackin made an opening statement and then, along with Mr. Cooper, answered questions.
At 12:35 p.m., the committee adjourned to the call of the Chair.
ATTEST:
Gary Levy
Clerk of the Committee