Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce
Issue 21 - Minutes of Proceedings
OTTAWA, Wednesday, April 25, 2007
(40)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met at 4:15 p.m., this day, in room 160-S, Centre Block, the Chair, the Honourable Jerahmiel S. Grafstein, presiding.
Members of the committee present: The Honourable Senators Angus, Biron, Eyton, Goldstein, Grafstein, Massicotte, Moore, Ringuette and Tkachuk (9).
In attendance: June Dewetering and Philippe Bergevin, Analysts, Library of Parliament.
Also in attendance: The official reporters of the Senate.
Pursuant to the Order of Reference adopted by the Senate on May 2, 2006, the committee continued its study of the present state of the domestic and international financial system. (For the complete text of Order of Reference see proceedings of the committee, Issue No. 2.)
Topic: Study on hedge funds
WITNESS:
Sprott Asset Management Inc.
Eric Sprott, Chief Executive Officer.
At 4:15 p.m., Mr. Sprott made a statement and answered questions.
At 5:50 p.m., the committee sat in camera pursuant to rule 92(2)(e) to consider a draft future agenda.
The Chair informed the members of the committee on the upcoming meetings and offered as possible dates for the trip to Washington May 29 to May 31, 2007.
It was agreed that concerning the study on interprovincial trade barriers, traveling be postponed to the fall and that a request be made to the Senate by the Chair for an extension of the reporting date of the study.
The Chair informed the members of the committee on the possible upcoming legislation.
At 6:05 p.m., the committee adjourned to the call of the Chair.
ATTEST:
OTTAWA, Thursday, April 26, 2007
(41)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met at 10:50 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, Biron, Eyton, Goldstein, Grafstein, Massicotte, Moore and Ringuette (8).
In attendance: Philippe Bergevin, Analyst, Library of Parliament.
Also in attendance: The official reporters of the Senate.
Pursuant to the Order of Reference adopted by the Senate on May 2, 2006, the committee continued its study of the present state of the domestic and international financial system. (For the complete text of Order of Reference see proceedings of the committee, Issue No. 2.)
Topic: Study on hedge funds
WITNESS:
Ontario Teachers' Pension Plan:
Ronald Mock, Vice-President, Alternative Investments;
Neil Petroff, Senior Vice-President, Tactical Asset Allocation & Alternative Investments.
Caisse de dépôt et placement du Québec:
Michel Malo, Executive Vice-President, Hedge Funds;
Claude Bergeron, Senior Vice-President, Legal Affairs;
Jean-Claude Galarneau, Senior Analyst, Hedge Funds.
At 10:55 a.m., Mr. Petroff made a statement and, together with the other witness, answered questions.
At 12:25 p.m., Mr. Bergeron, Mr. Galarneau and Mr. Malo each made a statement and answered questions.
At 1:15 p.m., the committee adjourned to the call of the Chair.
ATTEST:
Line Gravel
Clerk of the Committee