Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce
Issue 29 - Minutes of Proceedings - February 7, 2013
OTTAWA, Thursday, February 7, 2013
The Standing Senate Committee on Banking, Trade and Commerce met this day
at 10:33 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., Maltais, Massicotte, Moore, Ringuette, Smith (Saurel),
Stewart Olsen and Tkachuk (10).
In attendance: Brett Stuckey 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,
December 11, 2012, the committee continued its examination of Bill C-28, An
Act to amend the Financial Consumer Agency of Canada Act.
As an individual:
Donald Stewart, Former Chair, Task Force on Financial Literacy.
Credit Canada Debt Solutions:
Laurie Campbell, Executive Director.
Ombudsman for Banking Services and Investments:
Douglas Melville, Ombudsman and Chief Executive Officer.
Canadian Foundation for Economic Education:
Gary Rabbior, President.
Canadian Institute of Chartered Accountants:
Nicholas Cheung, Director.
Investor Education Fund:
Tom Hamza, President.
Ontario Securities Commission:
Eleanor Farrell, Director, Office of the Investor.
John Hope Bryant, Chairman and Chief Executive Officer (by video
The deputy chair made an opening statement.
Mr. Stewart made a statement and answered questions.
Ms. Campbell made a statement and answered questions.
Mr. Melville made a statement and answered questions.
At 11:30 a.m., the committee suspended.
At 11:40 a.m., the committee resumed.
M. Rabbior made a statement and answered questions.
Mr. Cheung made a statement and answered questions.
Mr. Hamza and Ms. Farrell each made a statement and answered questions.
Mr. Bryant made a statement and answered questions.
At 12:33 p.m., the committee adjourned to the call of the chair.
Clerk of the Committee