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

Issue 7 - Minutes of Proceedings

OTTAWA, Wednesday, February 23, 2000
(13)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met this day at 3:30 p.m. in Room 505, Victoria Building, the Chairman, the Honourable E. Leo Kolber, presiding.

Members of the committee present: The Honourable Senators Angus, Cook, Furey, Hervieux-Payette, P.C., Kelleher, P.C., Kenny, Kolber, Kroft, Meighen, Oliver and Tkachuk (11).

In attendance: From the Parliamentary Research Branch, Library of Parliament, Alexandre Laurin, Research Officer.

Also present: The official reporters of the Senate.

WITNESSES:

From Formula Growth Fund and Pembroke MGMT:

Mr. John Dobson, Chairman (Formula Growth Fund);

Mr. Ian Soutar, Chairman (Pembroke MGMT).

From Osgoode Hall Law School:

Professor W. Neil Brooks.

Pursuant to the Order of Reference adopted by the Senate on Tuesday, November 23, 1999, the committee resumed its examination into the present state of the domestic and international financial system and in particular its study of the Capital Gains Tax. (See Issue No. 1, November 24, 1999, for the full text of the order of Reference.)

Mr. Dobson made an opening statement and then, along with Mr. Soutar, answered questions.

Professor Brooks made an opening statement and then answered questions.

At 6:15 p.m. the committee adjourned to the call of the Chair.

ATTEST:

OTTAWA, Thursday, February 24, 2000
(14)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met this day at 11:00 a.m. in Room 505, Victoria Building, the Chairman, the Honourable E. Leo Kolber, presiding.

Members of the committee present: The Honourable Senators Di Nino, Furey, Graham, P.C., Hervieux-Payette, P.C., Kelleher, P.C., Kenny, Kolber, Kroft, Meighen, Oliver and Tkachuk (11).

In attendance: From the Parliamentary Research Branch, Library of Parliament, Mr. Marion Wrobel, Senior Analyst, Economics Division and Alexandre Laurin, Research Officer.

Also present: The official reporters of the Senate.

WITNESSES:

From Primark Decision Economics, Inc. (New York):

Dr. Allen Sinai, Chief Executive Officer and Chief Global Economist.

Pursuant to the Order of Reference adopted by the Senate on Tuesday, November 23, 1999, the committee resumed its examination into the present state of the domestic and international financial system and in particular its study of the Capital Gains Tax. (See Issue No. 1, November 24, 1999, for the full text of the order of Reference.)

Dr. Sinai made an opening statement and then answered questions.

At 12:45 p.m. the committee adjourned to the call of the Chair.

ATTEST:

Gary Levy

Clerk of the Committee