Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce
Issue No. 2 - Minutes of Proceedings - February 17, 2016
OTTAWA, Wednesday, February 17, 2016
The Standing Senate Committee on Banking, Trade and Commerce met this day at
4:16 p.m., in room 9, Victoria Building, the chair, the Honourable David
Members of the committee present: The Honourable Senators Bellemare,
Campbell, Enverga, Greene, Hervieux- Payette, P.C., Maltais, Marshall,
Massicotte, Ringuette, Smith (Saurel), Tannas and Tkachuk (12).
Other senator present: The Honourable Senator Day (1).
In attendance: Brett Stuckey and Dylan Gowans, Analysts, Parliamentary
Information and Research Services, Library of Parliament.
Also present: The official reporters of the Senate.
Pursuant to the order of reference adopted by the Senate on Wednesday,
January 27, 2016, the committee continued its study on the present state of the
domestic and international financial system (TOPIC: The causes and effects of
the recent decline in the Canadian dollar exchange rate). (For the full text
of the order of reference, see Issue No. 1 of the committee proceedings.)
Conference Board of Canada:
Glen Hodgson, Senior Vice-President and Chief Economist.
Canadian Centre for Policy Alternatives:
Armine Yalnizyan, Senior Economist.
Herbert Grubel, Senior Fellow.
C.D. Howe Institute:
Daniel Schwanen, Vice President, Research (by video conference).
Mr. Hodgson, Ms. Yalnizyan, Mr. Grubel and Mr. Schwanen made statements and
At 5:57 p.m., the committee suspended.
At 5:59 p.m., pursuant to rule 12-16(1)(d), the committee resumed in camera
to consider a draft agenda (future business).
At 6:15 p.m., the committee adjourned to the call of the chair.
Clerk of the Committee