Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce
Issue 26 - Minutes of Proceedings - November 6, 2012
OTTAWA, Tuesday, November 6, 2012
(61)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met this day at 3:30 p.m., in room 257, East Block, the chair, the Honourable Irving Gerstein, presiding.
Members of the committee present: The Honourable Senators Day, Gerstein, Greene, Harb, Massicotte, Moore, Oliver, Ringuette, Rivard, Smith (Saurel), Stewart Olsen and Tkachuk (12).
In attendance: Adriane Yong and Brett Stuckey, 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, October 30, 2012, the committee began its examination of the subject-matter of those elements contained in Divisions 1, 3, 6 and 14 of Part 4 of Bill C-45, A second Act to implement certain provisions of the budget tabled in Parliament on March 29, 2012 and other measures.
APPEARING:
The Honourable Ted Menzies, P.C., M.P., Minister of State (Finance);
The Honourable Christian Paradis, P.C., M.P., Minister of Industry.
WITNESSES:
Department of Finance Canada:
Rob Stewart, Assistant Deputy Minister, International Trade and Finance;
Jeremy Rudin, Assistant Deputy Minister, Financial Sector Policy Branch;
Wayne Foster, Director, Financial Markets Division;
Jane Pearse, Director, Financial Institutions, Financial Sector Policy Branch.
Industry Canada:
Krista Campbell, Director General, Strategic Policy Branch.
The chair made an opening statement.
Minister Menzies made a statement and, together with Mr. Stewart, Mr. Rudin, Mr. Foster and Ms. Pearse, answered questions.
Minister Paradis made a statement and, together with Ms. Campbell, answered questions.
At 4:15 p.m., the committee suspended.
At 4:48 p.m., the committee resumed.
At 5:12 p.m., the committee adjourned to the call of the chair.
ATTEST:
Barbara Reynolds
Clerk of the Committee