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

Issue No. 20 - Minutes of Proceedings - May 17, 2017


OTTAWA, Wednesday, May 17, 2017
(59)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met this day at 4:17 p.m., in room 257, East Block, the chair, the Honourable David Tkachuk, presiding.

Members of the committee present: The Honourable Senators Bellemare, Black, Campbell, Carignan, P.C., Day, Enverga, Marshall, Massicotte, Moncion, Ringuette, Tannas, Tkachuk, Wallin and Wetston (14).

Other senators present: The Honourable Senators Mockler, Sinclair and Woo (3).

In attendance: Michaël Lambert-Racine and Adriane Yong, Analysts, Parliamentary Information and Research Services, Library of Parliament; Mila Pavlovic, Communications Officer, Senate Communications Directorate.

Also present: The official reporters of the Senate.

Pursuant to the order of reference adopted by the Senate on Wednesday, September 28, 2016, the committee continued its study and report on the development of a national corridor in Canada as a means of enhancing and facilitating commerce and internal trade. (For complete text of the order of reference, see proceedings of the committee, Issue No. 8.)

Pursuant to rule 12-16(1)(d), the committee proceeded to consider a draft report.

It was agreed that the committee allow the transcription of the in camera portion of the meeting, that one copy be kept in the office of the clerk of the committee for consultation by committee members present and/or by the committee analysts, and that the transcript be destroyed by the clerk when authorized to do so by the Subcommittee on Agenda and Procedure, but no later than at the end of this parliamentary session.

At 5:07 p.m., the committee suspended.

At 5:11 p.m., the committee resumed in public.

Pursuant to the order of reference adopted by the Senate on Monday, May 8, 2017, the committee began its examination of the subject matter of those elements contained in Divisions 3, 8, 18 and 20 of Part 4 of Bill C-44, An Act to implement certain provisions of the budget tabled in Parliament on March 22, 2017 and other measures.

WITNESSES:

Department of Finance Canada:

Lisa Pezzack, Director, Financial Systems Division, Financial Sector Policy Branch;

Justin Brown, Chief, Financial Systems Division, Financial Sector Policy Branch;

Manuel Dussault, Chief, Financial Services Trade and Relations, Financial Institutions Division, Financial Sector Policy Branch;

Liane Orsi, Senior Advisor, Financial Institutions Division, Financial Sector Policy Branch.

Canada Deposit Insurance Corporation:

Greg Cowper, Managing Director, Policy, Insurance and Emerging Risks.

Innovation, Science and Economic Development Canada:

Patricia Brady, Director General, Investment Review Branch;

Jonathan DeWolfe, Director, Policy and Outreach, Investment Review Branch.

Global Affairs Canada:

Louis Marcotte, Director General, Investment and Innovation, International Business Development, Investment and Innovation;

André LeBlanc, Executive Advisor, Transition Team, International Business Development, Investment and Innovation;

Geneviève Pellerin, Counsel, Legal Service.

Infrastructure Canada:

Glenn Campbell, Assistant Deputy Minister, Infrastructure Finance and Investment, Canada Infrastructure Bank Transition Office;

Shawn Grover, Senior Policy Analyst, Canada Infrastructure Bank Transition Office;

Steve Kuhn, Senior Director, Canada Infrastructure Bank Transition Office.

Department of Finance Canada:

Niko Fleming, Chief, Infrastructure, Sectoral Policy Analyst, Economic Development and Corporate Finance Branch.

As an individual:

Jack Mintz, President's Fellow, The School of Public Policy, University of Calgary.

The chair made a statement.

Ms. Pezzack and Mr. Cowper each made a statement and, together with Ms. Orsi, answered questions.

The chair made a statement.

Ms. Brady made a statement and, together with Mr. DeWolfe, answered questions.

The chair made a statement.

Mr. Marcotte made a statement and, together with Mr. LeBlanc, answered questions.

The chair made a statement.

Mr. Mintz made a statement and answered questions.

The chair made a statement.

Mr. Campbell made a statement and, together with Mr. Fleming, answered questions.

At 8:07 p.m., the committee adjourned to the call of the chair.

ATTEST:

Lynn Gordon

Clerk of the Committee