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

Issue No. 33 - Evidence - February 7, 2018


OTTAWA, Wednesday, February 7, 2018
(85)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met this day at 4:15 p.m., in room 9, Victoria Building, the chair, the Honourable Douglas Black, presiding.

Members of the committee present: The Honourable Senators Black, Dagenais, Day, Ringuette, Stewart Olsen, Tannas, Tkachuk, Wallin and Wetston (9).

In attendance: Adriane Yong and Michaël Lambert-Racine, 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 Thursday, November 23, 2017, the committee continued its consideration of Bill S-237, An Act to amend the Criminal Code (criminal interest rate). (For complete text of the order of reference, see proceedings of the committee, Issue No. 32.)

WITNESSES:

Canadian Bankers Association:

Charles Docherty, Senior Legal Counsel.

Canadian Credit Union Association:

Marc-André Pigeon, Vice President, Financial Sector Policy;

Kate Martin, Senior Policy Advisor, Community Impact.

Canadian Lenders Association:

Gary Schwartz, President (by video conference).

Progressa:

Ali Pourdad, Chief Executive Officer.

The Honourable Senator Pierrette Ringuette, sponsor of the bill.

The chair made a statement.

Mr. Docherty made a statement and answered questions.

Mr. Pigeon made a statement and, together with Ms. Martin, answered questions.

At 5:06 p.m., the committee suspended.

At 5:08 p.m., the committee resumed.

The chair made a statement.

Mr. Schwartz and Mr. Pourdad each made a statement and answered questions.

At 5:48 p.m., the committee suspended.

At 5:50 p.m., the committee resumed.

The chair made a statement.

The Honourable Senator Ringuette made a statement and answered questions.

At 6:16 p.m., the committee adjourned to the call of the chair.

ATTEST:

Barbara Reynolds
Clerk of the Committee