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BANC - Standing Committee

Banking, Commerce and the Economy

 

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

Issue 6 - Minutes of Proceedings - November 30, 2011


OTTAWA, Wednesday, November 30, 2011
(14)

[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 Gerstein, Greene, Hervieux-Payette, P.C., Meighen, Moore, Oliver, Ringuette, Smith (Saurel), Stewart Olsen and Tkachuk (10).

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:

Public Sector Pension Investment Board:

John Valentini, Executive Vice President, Chief Operating Officer and Chief Financial Officer, COO-CFO Office;

Jim Pittman, Vice President, Private Equity;

Mark Boutet, Vice President, Communications and Government Relations.

Fonds de solidarité FTQ:

Yvon Bolduc, President and Chief Executive Officer;

Gaétan Morin, Executive Vice-President, Corporate Development and Investment;

Mario Tremblay, Vice-President, Public and Corporate Affairs.

GrowthWorks Capital Ltd.:

Thomas Hayes, Senior Vice President.

The chair made an opening statement.

Mr. Valentini made a statement and, with Messrs. Pittman and Boutet, answered questions.

At 5:20 p.m., the committee suspended.

At 5:24 p.m., the committee resumed.

The chair made a statement.

Mr. Bolduc and Mr. Hayes each made a statement and, with Messrs. Morin and Tremblay, answered questions.

At 6:37 p.m., the committee adjourned to the call of the chair.

ATTEST:

Adam Thompson

Clerk of the Committee


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