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

Issue 11 - Minutes of Proceedings

[English]

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

Members of the committee present: The Honourable Senators Angus, Furey, Kelleher, P.C., Kolber, Meighen, Oliver, Setlakwe, Tkachuk, Tunney and Wiebe (10).

Other Senator present: The Honourable Senator Hubley (1).

In attendance: Mr. Stephen L. Harris, and from the Parliamen tary Research Branch, Library of Parliament, Economic Division: Mr. Alexandre Laurin, Research Officer and Mr. Marion Wrobel, Senior Analyst.

Also in attendance: The official reporters of the Senate.

WITNESSES:

From the Investment Funds Institute of Canada:

John Mountain, Vice-President.

From TelPay, a Division of CTI-Com-Tel Inc.:

Brian W. Denysuik, President and Chief Executive Officer.

From ADP Canada:

Don McGuire, Chief Financial Officer.

From Ceridian Canada Ltd.:

Glen Gowryluk, Vice President, Finance and Administration.

Pursuant to the Order of Reference adopted by the Senate on Wednesday, April 25, 2001, the committee continued its examination of Bill C-8, to establish the Financial Consumer Agency of Canada and to amend certain Acts in relation to financial nstitutions.

Mr. Mountain of the Investment Funds Institute of Canada made a statement and answered questions.

Mr. Denysuik made a statement and with the others witnesses answered questions.

At 11:50 a.m., the committee adjourned to the call of the Chair.

ATTEST:

Le greffier du comité,

Denis Robert