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

Issue 45 - Minutes

OTTAWA, Wednesday, June 5, 2002
(49)

[English]

The Standing Committee on Banking, Trade and commerce met at 3:30 p.m. this day, in room 257, East Block, the Chair, the Honourable Senator Kolber, presiding.

Members of the committee present: The Honourable Senators Angus, Furey, Hervieux-Payette, P.C., Kelleher, P.C., Kolber, Kroft, Poulin, Setlakwe, Stratton and Tkachuk (10).

In attendance: From the Parliamentary Research Branch, Library of Parliament, Economic Division: Ms June Dewetering, Acting Principal and Mr. Alexandre Laurin, Research Officer.

Also in attendance: The official reporters of the Senate.

Pursuant to the Order of Reference adopted by the Senate on Tuesday, March 20, 2001, the Committee resumed its examination into the present state of the domestic and international financial system. (See Issue No. 6, March 28, 2001, for full text of the Order of Reference.)

WITNESS:

From the TSX Group:

Ms Barbara Stymiest, Chief Executive Officer.

By video-conference, Mrs. Stymiest made a statement and answered questions.

Pursuant to the Order of Reference adopted by the Senate on Thursday, May 30, 2002, the committee began its examination of Bill C-47, An Act respecting the taxation of spirits, wine and tobacco and the treatment of ships' stores.

APPEARING:

Mr. Bryon Wilfert, M.P., Parliamentary Secretary to the Minister of Finance.

WITNESSES:

From the Department of Finance:

Mr. Brian Willis, Senior Chief, Excise Act, Sales Tax Division, Tax Policy Branch;

Ms Patricia Malone, Chief, Excise Act Review, Sales Tax Division, Tax Policy Branch.

From the Association of Canadian Airport Duty-Free Operators:

Mr. André Bergeron, Vice-President;

Ms Kathy Kendall, the Nuance Group (Canada);

Mr. Remo Mancini, Executive Vice-President, Canadian Transit Company.

From the Canadian Cancer Society:

Mr. Rob Cunningham, Senior Policy Analyst.

Mr. Wilfert made a statement and, with Mr. Willis and Ms Malone, answered questions.

Mr. Bergeron, Ms Kendall and Mr. Mancini made statements and answered questions.

Mr. Cunningham made a statement and answered questions.

At 6:35 p.m., the committee adjourned to the call of the Chair.

ATTEST:

Denis Robert

Clerk of the Committee