Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce
Issue 7 - Minutes of Proceedings
OTTAWA, Wednesday, May 5, 2010
(11)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met this day in camera at 4:15 p.m, in room 505, Victoria Building, the chair, the Honourable Michael Meighen, presiding.
Members of the committee present: The Honourable Senators Frum, Gerstein, Greene, Harb, Hervieux-Payette, P.C., Kochhar, Massicotte, Meighen, Mockler, Moore and Ringuette (11).
In attendance: John Bulmer, Analyst, Parliamentary Information and Research, June M. Dewetering, Chief, Macroeconomics, Library of Parliament; and Francine Pressault, Communications Officer, Communication Directorate.
Pursuant to the order of reference adopted by the Senate on Wednesday, March 24, 2010, the committee continued its examination of the extent to which Canadians are saving in Tax-Free Savings Accounts and registered retirement savings plans. (For complete text of the order of reference, see proceedings of the committee, Issue No. 3.)
Pursuant to rule 92(2)(f), the committee considered a draft report.
It was agreed that senators' staff be permitted to stay with the condition that no BlackBerrys be used.
The committee considered the following draft legislative budget application:
Professional and Other Services $ 0 Transportation and Communications $ 0 All Other Expenditures $ 7,300 TOTAL $ 7,300
It was moved:
That the legislative budget application for the fiscal year ending March 31, 2011 be approved for submission by the Chair to the Standing Committee on Internal Economy, Budgets and Administration.
The question being put on the motion, it was adopted.
At 5:45 p.m., the committee adjourned to the call of the chair.
ATTEST:
OTTAWA, Thursday, May 6, 2010
(12)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met this day in camera at 10:35 a.m., in room 505, Victoria Building, the chair, the Honourable Michael Meighen, presiding.
Members of the committee present: The Honourable Senators Gerstein, Greene, Harb, Hervieux-Payette, P.C., Kochhar, Massicotte, Meighen, Mockler, Moore, Neufeld and Ringuette (11).
In attendance: John Bulmer, Analyst, Parliamentary Information and Research and June M. Dewetering, Chief, Macroeconomics, Library of Parliament.
Pursuant to the order of reference adopted by the Senate on Wednesday, March 24, 2010, the committee continued its examination of the extent to which Canadians are saving in Tax-Free Savings Accounts and registered retirement savings plans. (For complete text of the order of reference, see proceedings of the committee, Issue No. 3.)
Pursuant to rule 92(2)(f), the committee considered a draft report.
It was agreed that Senators' staff be permitted to stay with the condition that no BlackBerrys be used.
At 12:05 p.m., the committee adjourned to the call of the chair.
ATTEST:
OTTAWA, Wednesday, May 12, 2010
(13)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met this day at 4:15 p.m, in room 9, Victoria Building, the Honourable Michael Meighen, Chair, presiding.
Members of the committee present: The Honourable Senators Gerstein, Greene, Harb, Hervieux-Payette, P.C., Kochhar, Massicotte, Meighen, Mockler, Moore, Ringuette and St.Germain, P.C. (11).
In attendance: John Bulmer, Analyst, Parliamentary Information and Research, June M. Dewetering, Chief, Macroeconomics, Library of Parliament; and Francine Pressault, Communications Officer, Communication Directorate.
Also in attendance: The official reporters of the Senate.
Pursuant to the order of reference adopted by the Senate on Wednesday, March 24, 2010, the committee continued its examination of the extent to which Canadians are saving in Tax-Free Savings Accounts and registered retirement savings plans. (For complete text of the order of reference, see proceedings of the committee, Issue No. 3.)
WITNESSES:
Investment Funds Institute of Canada:
Joanne De Laurentiis, President and Chief Executive Officer.
National Bank Securities Inc.:
Charles Guay, President and Chief Executive Officer.
Investors Group Inc.
Murray Taylor, President and Chief Executive Officer;
Gaetan Ruest, Director, Strategic Investment Planning.
Ms De Laurentiis and Mr. Taylor each made a statement and, together with Mr. Guay and Mr. Ruest, answered questions.
At 5:45 p.m., it was agreed to proceed in camera
Pursuant to rule 92(2)(f), the committee considered a draft report.
It was agreed that senators' staff be permitted to stay with the condition that no BlackBerrys be used.
At 6:12 p.m., the committee adjourned to the call of the chair.
ATTEST:
Line Gravel
Clerk of the Committee