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

Issue 3 - Minutes of Proceedings - October 26, 2011

OTTAWA, Wednesday, October 26, 2011
(7)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met this day at 4:18 p.m., in room 9, Victoria Building, the chair, the Honourable Michael A. Meighen, presiding.

Members of the committee present: The Honourable Senators Gerstein, Greene, Harb, Hervieux-Payette, P.C., Massicotte, Meighen, Moore, Oliver, Ringuette, Smith (Saurel), Stewart Olsen and Tkachuk (13).

In attendance: John Bulmer and Adriane Yong, Analysts, Parliamentary Information and Research Service, Library of Parliament.

Also in attendance: The official reporters of the Senate.

Pursuant to the order of reference adopted by the Senate on Tuesday, June 21, 2011, the committee continued its examination of the present state of the domestic and international financial system. (For the complete text of the order of reference, see proceedings of the committee, Issue No. 1.)

WITNESSES :

As an individual:

Douglas Cumming, Professor, Schulich School of Business, York University (by video conference).

Institute for Competitiveness & Prosperity:

James Milway, Executive Director (by video conference).

Mr. Cumming made a statement and answered questions.

At 5:15 p.m., the committee suspended.

At 5:18 p.m., the committee resumed.

Mr. Milway made a statement and answered questions.

At 6:05 p.m., the committee adjourned to the call of the chair.

ATTEST:

Adam Thompson

Clerk of the Committee