Proceedings of the Standing Senate Committee on
Banking, Trade and
Commerce
Issue 48 - Minutes of Proceedings
OTTAWA, Tuesday, March 23, 1999
(96)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met this day at 6:00 p.m. in Room 505, Victoria Building, the Chair, 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, Kroft, Oliver and Tkachuk (10).
In attendance: From the Parliamentary Research Branch, Library of Parliament: Mr. Gerry Goldstein, Director Economics Division.
Also present: The official reporters of the Senate.
WITNESSES:
By videoconference:
From the British Columbia and Alberta Securities Commissions:
Mr. Douglas M. Hyndman, Chair, British Columbia Securities Commission;
Mr. William L. Hess, Chair, Alberta Securities Commission.
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 Equity Financing. (See Issue No. 1, October 23, 1997, for the full text of the Order of Reference.)
Mr. Hyndman made an opening statement and then answered questions.
Mr. Hess made an opening statement and then answered questions.
At 7:40 p.m., the committee adjourned to the call of the Chair.
ATTEST:
OTTAWA, Thursday, March 25, 1999
(97)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met this day at 9:00 a.m. in Room 160-S, Centre Block, the Chair, 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, Kroft, Oliver and Tkachuk (10).
Other senators present: The Honourable Senators Carney, P.C., Joyal, P.C., Grafstein and Stewart (4).
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 Simon Fraser University:
Professor Herb Grubel, Department of Economics.
From the John Deutsh Institute for the Study of Economic Policy, Queen's University:
Professor Thomas J. Courchene, Department of Economics.
From the University of Toronto:
Professor Jack Carr, Department of Economics.
From York University:
Professor Bernard Wolf, Department of Economics.
The Former Governor of the Bank of Canada:
Mr. John Crow.
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 Common Currency. (See Issue No. 1, October 23, 1997, for the full text of the Order of Reference. )
Professor Grubel made an opening statement and then answered questions.
Professor Courchene made an opening statement and then answered questions.
Professor Carr made an opening statement and then answered questions.
Professor Wolf made an opening statement and then answered questions.
Mr. Crow made an opening statement and then answered questions.
At 1:00 p.m., the committee adjourned to the call of the Chair.
ATTEST:
Gary Levy
Clerk of the Committee