Proceedings of the Standing Senate Committee on
Banking, Trade and
Commerce
Issue 33 - Minutes of Proceedings
SASKATOON, Monday, October 26, 1998
(64)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met this day at 12:50 p.m. in the William Pascoe Room, Delta Bessborough, Saskatoon, the Chairman, the Honourable Michael Kirby, presiding.
Members of the committee present: The Honourable Senators Angus, Callbeck, Hervieux-Payette, P.C., Kelleher, P.C., Kirby, Kroft, Meighen, Oliver and Tkachuk (9).
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 Farm Credit Corporation:
Mr. John Ryan, President and Chief Executive Officer; and
Ms Louise Neveu, Executive Vice-President and Chief Operating Officer.
From the Saskatchewan and Alberta Credit Union Centrals:
Mr. Elwood Harvey, President, Credit Union Central of Saskatchewan;
Mr. Sid Bildfell, Chief Executive Officer, Credit Union Central of Saskatchewan;
Mr. Jim Scopick, Chief Executive Officer, Credit Union Central of Alberta;
Mr. John Vinek, General Manager, Lloydminster Credit Union; and
Mr. Keith Nixon, Director, Government Affairs, Credit Union Central of Saskatchewan.
From the Association of Canadian Law Foundations:
Mr. Anthony Friend, Chair, Alberta Law Foundation;
Ms Pat Pitsula, Executive Director, Law Foundation of British Columbia;
Mr. Owen Snider, Executive Director, Law Foundation of Alberta; and
Mr. Robert Arscott, Secretary, Law Foundation of Saskatchewan.
From City Lumber Corporation:
Mr. Robert Rosen, President.
From the Insurance Brokers' Association of Saskatchewan, the Independent Insurance Brokers Association of Alberta and the Insurance Brokers Association of Manitoba:
Mr. Ernie Gaschler, Executive Director, Insurance Brokers' Association of Saskatchewan;
Ms Barb Ricard, President, Insurance Brokers' Association of Saskatchewan;
Mr. Michael Saunders, Past President, Insurance Brokers' Association of Alberta;
Mr. Brian Gilbert, President, Insurance Brokers' Association of Manitoba; and
Mr. Harold Baker, Executive Director, Insurance Brokers' Association of Alberta.
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. Ryan made an opening statement and then, along with Ms Neveu, answered questions.
Mr. Bildfell made an opening statement and then answered questions.
Mr. Scopick made an opening statement and then answered questions.
Mr. Friend made an opening statement and then, along with Ms Pitsula and Messrs Snider and Arscott, answered questions.
Mr. Rosen made an opening statement and answered questions.
Mr. Gaschler made an opening statement and then, along with other witnesses answered questions.
At 5:45 p.m., the committee adjourned to the call of the Chair.
ATTEST:
SASKATOON, Monday, October 26, 1998
(65)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met this day, in camera, at 5:45 p.m. in the William Pascoe Room, Delta Bessborough, Saskatoon, 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., Kirby, Kroft, 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.
The committee met to consider a draft report on institutional investors.
At 6:45 p.m., the committee adjourned to the call of the Chair.
ATTEST:
SASKATOON, Tuesday, October 27, 1998
(66)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met this day at 8:05 a.m. in the William Pascoe Room, Delta Bessborough, Saskatoon, 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., Kirby, Kroft, Meighen, Oliver, and Tkachuk (10).
Other senator present: The Honourable Senator Stewart (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 Comcorp:
Mr. Alan E. Morson, President and Chief Executive Officer; and
Mr. Gordon M. Dunning, Executive Vice-President.
From First Nations Bank of Canada:
Mr. Keith Martell, Chairman.
From the Saskatchewan Chamber of Commerce and the Saskatoon and District Chamber of Commerce:
Mr. Norm Halldorson, Chairperson of the Finance committee, Saskatchewan Chamber of Commerce;
Mr. Kent Smith-Windsor, Executive Director, Saskatoon and District Chamber of Commerce; and
Mr. Stan Schmidt, General Manager, Global Television Network.
From the Retail Council of Canada:
Ms Diane J. Brisebois, President and Chief Executive Officer; and
Mr. Ken J. Morrison, Banking Services Consultant.
From POS Pilot Plant Corp.:
Mr. Roy A. Carr, President.
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. Morson made an opening statement and the, along with Mr. Dunning, answered questions.
Mr. Martell made and opening statement and then, with Mr. Ross, answered questions.
Mr. Halldorson and Mr. Smith-Windsor each made an opening statement and then together answered questions.
Ms Brisebois made and opening statement and then, along with Mr. Morrisson, answered questions.
Mr. Carr made an opening statement and then answered questions.
At 12:15 p.m., the committee adjourned to the call of the Chair.
ATTEST:
Gary Levy
Clerk of the Committee