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

Issue 29 - Minutes of Proceedings - February 7, 2013


OTTAWA, Thursday, February 7, 2013
(71)

[English]

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.

WITNESSES:

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.

Operation HOPE:

John Hope Bryant, Chairman and Chief Executive Officer (by video conference).

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.

ATTEST:

Barbara Reynolds

Clerk of the Committee