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

Issue 13 - Minutes of Proceedings


OTTAWA, Thursday, December 14, 2006
(28)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met at 11:00 a.m., this day, in room 9, Victoria Building, the Chair, the Honourable Jerahmiel S. Grafstein, presiding.

Members of the committee present: The Honourable Senators Angus, Eyton, Goldstein, Grafstein, Harb, Hervieux-Payette, P.C., Massicotte and Tkachuk (8).

In attendance: June Dewetering and Sheena Starky, Research Officers, Library of Parliament.

Also in attendance: The official reporters of the Senate.

Pursuant to the Ordre of Reference adopted by the Senate on May 2, 2006, the committee continued its study on issues dealing with interprovincial barriers to trade. (For complete text of the order of reference, see Proceedings of the Committee, Issue No. 5).

APPEARING:

The Honourable Maxime Bernier, P.C., M.P., Minister of Industry.

WITNESS:

Industry Canada:

Carole Swan, Senior Associate Deputy Minister.

At 11:05 a.m., Minister Bernier made a statement and together, with the other witness, answered questions.

At 12:25 p.m., the committee continued in camera, pursuant to rule 92(2)e to consider a draft future agenda.

It was agreed that, concerning the study on interprovincial barriers to trade, the Steering Committee will revise the supplementary budget to include, in a first step, travelling in the economic centers of Canada.

It was agreed that, concerning the study on Hedge funds, the committee will pursue the hearings based on a list of possible witnesses to be heard.

It was agreed that concerning Bill C-33, to amend the Income Tax Act, including amendments in relation to foreign investment entities and non-resident trusts, and to provide for the bijural expression of the provisions of that Act and Bill C-37, to amend the law governing financial institutions and to provide for related and consequential matters, the committee will deal with the matter when it will be referred to the committee.

It was agreed that the possible study on identity theft be postponed.

It was agreed that the Chair enquire about the best possible dates in the New Year for the trip to Washington.

At 12:50 p.m., the committee adjourned to the call of the Chair.

ATTEST:

Line Gravel

Clerk of the Committee


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