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

Issue No. 40 - Minutes of Proceedings - May 3, 2018

OTTAWA, Thursday, May 3, 2018


The Standing Senate Committee on Banking, Trade and Commerce met this day at 10:32 a.m., in room 9, Victoria Building, the chair, the Honourable Douglas Black, presiding.

Members of the committee present: The Honourable Senators Black (Alberta), Dagenais, Day, Marwah, Ringuette, Stewart Olsen, Tannas, Tkachuk, Unger, Wallin and Wetston (11).

In attendance: Adriane Yong and Brett Stuckey, 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 Tuesday, April 24, 2018, the committee began its examination of the subject matter of those elements contained in Divisions 2, 4, 5, 6, 7, 12, 16 and 19 of Part 6 of Bill C- 74, An Act to implement certain provisions of the budget tabled in Parliament on February 27, 2018 and other measures.


Canadian Bankers Association:

Angelina Mason, General Counsel and Vice President;

Marina Mandal, Assistant General Counsel.

Canadian Credit Union Association:

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

Athana Mentzelopoulos, Vice President, Government Relations.

Digital Finance Institute:

Christine Duhaime, Founder and Lawyer, Duhaime Law.

Canadian Association of Mutual Insurance Companies:

Normand Lafrenière, President.

SkyBridge Strategies:

Steve Masnyk, Principal.

The chair made a statement.

Ms. Mason and Ms. Mentzelopoulos each made a statement and, together with Ms. Mandal and Mr. Pigeon, answered questions.

At 11:30 a.m., the committee suspended.

At 11:35 a.m., the committee resumed.

The chair made a statement.

Mr. Masnyk and Mr. Lafrenière each made a statement and, together with Ms. Duhaime, answered questions.

At 12:20 p.m., the committee adjourned to the call of the chair.


Lynn Gordon
Clerk of the Committee