Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce
Issue 26 - Minutes of Proceedings - November 8, 2012
OTTAWA, Thursday, November 8, 2012
The Standing Senate Committee on Banking, Trade and Commerce met this day at
10:30 a.m., in room 9, Victoria Building, the deputy chair, the Honourable
Céline Hervieux-Payette, P.C., presiding.
Members of the committee present: The Honourable Senators Greene,
Harb, Hervieux-Payette, P.C., Massicotte, Moore, Oliver, Poirier, Ringuette,
Smith (Saurel), Stewart Olsen and Tkachuk (11).
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 continued 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.
International Monetary Fund:
The Honourable Thomas A. Hockin, P.C., Executive Director.
Centre for International Governnance Innovation:
Thomas A. Bernes, Distinguished Fellow and Former Executive Director.
Committee on Internal Trade:
The Honourable David Ramsay, MLA, Chair, Minister of Industry, Tourism and
Investment of Northwest Territories (by video conference).
Government of the Northwest Territories:
Peter Vician, Deputy Minister, Department of Industry, Tourism and
Investment (by video conference).
Certified General Accountants Association of Canada:
Carole Presseault, Vice President, Government and Regulatory Affairs.
Canadian Council of Chief Executives:
Joe Blomeley, Policy Analyst;
John Dillon, Vice President, Policy, and Corporate Counsel.
The deputy chair made an opening statement.
Mr. Hockin made a statement and answered questions.
Mr. Bernes made a statement and answered questions.
At 11:35 a.m., the committee suspended.
At 11:38 p.m., the committee resumed.
Mr. Ramsay made a statement and, together with Mr. Vician, answered
Ms. Presseault made a statement and answered questions.
Mr. Blomeley made a statement and, together with Mr. Dillon, answered
At 12:24 p.m., the committee adjourned to the call of the chair.
Clerk of the Committee