Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce
Issue 12 - Minutes of Proceedings
OTTAWA, Wednesday, November 3, 2010
(26)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met this day, at 4:20 p.m., in room 9, Victoria Building, the chair, Honourable Michael A. Meighen presiding.
Members of the committee present: The Honourable Senators Ataullahjan, Gerstein, Greene, Hervieux-Payette, P.C., Kochhar, Massicotte, Meighen, Mockler, Moore and Ringuette (10).
In attendance: John Bulmer and Adriane Yong, Analysts, Parliamentary Information.
Also in attendance: The official reporters of the Senate.
Pursuant to the order of reference adopted by the Senate on Tuesday, October 5, 2010, the committee continued its examination to undertake the 10-year statutory review of the Business Development Bank of Canada, as required by the Business Development Bank of Canada Act. (For complete text of the order of reference, see proceedings of the committee, Issue No. 9.)
WITNESSES:
The Conference Board of Canada:
Glen Hodgson, Senior Vice-President and Chief Economist.
Desjardins Group:
Stéphane Achard, Senior Vice-President, Business Services;
Bernard Brun, Director, Government Relations.
The Canadian Chamber of Commerce:
Warren Everson, Senior Vice-President, Policy.
Canadian Federation of Independent Business:
Corinne Pohlmann, Vice-President of National Affaires.
Mr. Hodgson and Mr. Achard each made statements and, together with Mr. Brun, answered questions.
At 5:20 p.m., the committee suspended.
At 5:25 p.m., the committee resumed.
Mr. Everson and Ms Pohlmann made statements and answered questions.
At 6:15 p.m., the committee adjourned to the call of the chair.
ATTEST:
OTTAWA, Thursday, November 4, 2010
(27)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met this day, at 10:35 a.m., in room 9, Victoria Building, the chair, Honourable Michael A. Meighen presiding.
Members of the committee present: The Honourable Senators Ataullahjan, Gerstein, Hervieux-Payette, P.C., Kochhar, Marshall, Massicotte, Meighen, Mockler, Moore, Oliver and Ringuette (11).
In attendance: John Bulmer, Adriane Yong, Analysts, Parliamentary Information and Research, and June Dewetering, Chief, Macroeconomics, Library of Parliament.
Also in attendance: The official reporters of the Senate.
Pursuant to the order of reference adopted by the Senate on Tuesday, October 5, 2010, the committee continued its examination to undertake the 10-year statutory review of the Business Development Bank of Canada, as required by the Business Development Bank of Canada Act. (For complete text of the order of reference, see proceedings of the committee, Issue No. 9.)
WITNESSES:
York University — Schulich School of Business:
(by video conference)
Professor Douglas Cumming, Professor in Finance and Entrepreneurship, Ontario Research Chair in Economics and Cross Cultural Studies.
Canada's Venture Capital & Equity Association:
Greg Smith, President;
Richard M. Rémillard, Executive Director.
Mr. Cumming made a statement and answered questions.
At 11:35 a.m., the committee suspended.
At 11:39 a.m., the committee resumed.
Mr. Smith made a statement and, together with Mr. Rémillard, answered questions.
At 12:30 p.m., pursuant to rule 92(2)(f), the committee proceeded in camera to consider a draft report.
At 1:06 p.m., the committee adjourned to the call of the chair.
ATTEST:
Line Gravel
Clerk of the Committee