Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce
Issue 19 - Minutes of Proceedings
OTTAWA, Wednesday, March 2, 2011
(41)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met this day at 4:22 p.m., in room 9, Victoria Building, the chair, the Honourable Michael A. Meighen, presiding.
Members of the committee present: The Honourable Senators Banks, Gerstein, Greene, Harb, Hervieux-Payette, P.C., Kochhar, Meighen, Mockler, Oliver, Ringuette and Smith (Saurel) (11).
In attendance: John Bulmer and Adriane Yong, Analysts, Parliamentary Information; and research service; and Francine Pressault, Communications Officer, Communications Directorate.
Also in attendance: The official reporters of the Senate.
Pursuant to the order of reference adopted by the Senate on Tuesday, March 30, 2010, the committee continued its examination of Bill S-201, An Act to amend the Office of the Superintendent of Financial Institutions Act (credit and debit cards). (For complete text of the order of reference, see proceedings of the committee, Issue No. 9.)
WITNESSES:
Moneris Solutions:
Jim Baumgartner, President and Chief Executive Officer;
Fern Glowinsky, Senior Vice-President, General Counsel and Corporate Secretary.
TD Merchant Services:
Jeff van Duynhoven, President.
Chase Paymentech Solutions:
Sam Jawad, President.
Global Payments Canada GP:
Jordan Cohen, President.
Mr. Baumgartner, Mr. Jawad, Mr. van Duynhoven and Mr. Cohen each made a statement and, together with Ms. Glowinsky, answered questions.
At 6:25 p.m., the committee adjourned to the call of the chair.
ATTEST:
OTTAWA, Thursday, March 3, 2011
(42)
[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, the Honourable Michael A. Meighen, presiding.
Members of the committee present: The Honourable Senators Banks, Gerstein, Greene, Harb, Hervieux-Payette, P.C., Kochhar, Meighen, Mockler, Oliver, Ringuette and Smith (Saurel) (11).
In attendance: John Bulmer and Adriane Yong, Analysts, Parliamentary Information and research service.
Also in attendance: The official reporters of the Senate.
Pursuant to the order of reference adopted by the Senate on Tuesday, March 30, 2010, the committee continued its examination of Bill S-201, An Act to amend the Office of the Superintendent of Financial Institutions Act (credit and debit cards). (For complete text of the order of reference, see proceedings of the committee, Issue No. 9.)
WITNESSES:
Bank of Canada:
Charles Spencer, Director, Business Knowledge and International Relations, Currency Department;
Carlos Arango, Principal Researcher, Currency Department.
It was agreed that the following letter be tabled by the Honourable Senator Ringuette as an exhibit:
Letter addressed to the clerk of the Standing Senate Committee on National Finance by Public Works and Government Services Canada (PWGSC). The document provides information requested by the Standing Senate Committee on National Finance during an appearance by Treasury Board Secretariat officials on February 15, 2011, in relation to the review of the Supplementary Estimates (C) 2010-2011. (Exhibit 1120-04-02-3.40/B1-S-201-19-"1")
Mr. Spencer made a statement and, with Mr. Arango, answered questions.
At 11:55 a.m., the committee adjourned to the call of the chair.
ATTEST:
Line Gravel,
Clerk of the Committee