Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce
Issue 18 - Minutes of Proceedings - May 16, 2012
OTTAWA, Wednesday, May 16, 2012
(38)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met this day at 1:02 p.m., in room 160-S, Centre Block, the chair, the Honourable Irving Gerstein, presiding.
Members of the committee present: The Honourable Senators Gerstein, Greene, Harb, Hervieux-Payette, P.C., Massicotte, Moore, Oliver, Ringuette, Smith (Saurel), Stewart Olsen and Tkachuk (11).
Other senator present: The Honourable Senator Rivard (1).
In attendance: John Bulmer, June Dewetering and Adriane Yong, Analysts, Parliamentary Information and Research Service, Library of Parliament; David Charbonneau, Communications Officer.
Also in attendance: The official reporters of the Senate.
Pursuant to the order of reference adopted by the Senate on Thursday, May 3, 2012, the committee began its examination of the subject-matter of those elements contained in Divisions 2, 10, 11, 22, 28, and 36 of Part 4 of Bill C- 38, An Act to implement certain provisions of the budget tabled in Parliament on March 29, 2012 and other measures.
APPEARING:
The Honourable James M. Flaherty, P.C., M.P., Minister of Finance.
WITNESSES:
Department of Finance Canada:
Jeremy Rudin, Assistant Deputy Minister, Financial Sector Policy Branch;
Jane Pearse, Director, Financial Institutions;
James Wu, Chief, Financial Institutions Analysis;
Veronica C. Wessels, Expert Advisor, Financial Institutions Division;
Eleanor Ryan, Senior Chief, Financial Institutions Framework Policy, Financial Institutions Division;
Annie Hardy, Chief, Structural Issues;
Ling Wang, Chief, Housing Finance Review, Financial Institutions Division, Housing Finance Review;
Tamara Miller, Chief, Labour Markets, Employment and Learning.
Industry Canada:
Gerard Peets, Senior Director, Strategy and Planning Directorate;
Patricia Brady, Director, Investment, Insolvency, Competition and Corporate Policy Directorate.
Human Resources and Skills Development Canada:
Anthony Giles, Director General, Strategic Policy, Analysis and Workplace Information Directorate.
The chair made an opening statement.
The minister made a statement, and, together with Messrs. Rudin and Giles, and Ms. Brady, answered questions.
At 2 p.m., the committee suspended.
At 2:10 p.m., the committee resumed.
Mr. Rudin made a statement, and together with Ms. Pearse, Ms. Hardy and Ms. Wang, answered questions.
Mr. Giles and Mr. Peets each made a statement and together with Ms. Brady and Ms. Miller, answered questions.
At 3:00 p.m., the committee adjourned to the call of the chair.
ATTEST:
Adam Thompson
Clerk of the Committee