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

Issue No. 41 - Evidence - May 23, 2018


OTTAWA, Wednesday, May 23, 2018
(103)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met this day at 4:12 p.m., in room 9, Victoria Building, the chair, the Honourable Douglas Black, presiding.

Members of the committee present: The Honourable Senators Black (Alberta), Eaton, Marwah, Ringuette, Stewart Olsen, Tannas, Tkachuk, Unger, Wallin and Wetston (10).

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 continued 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. (For complete text of the order of reference, see proceedings of the committee, Issue No. 40.)

WITNESSES:

Bank of Canada:

Grahame Johnson, Managing Director, Funds Management and Banking Department;

Scott Hendry, Senior Special Director, Financial Technology, Funds Management and Banking Department.

The chair made a statement.

Mr. Johnson made a statement and, together with Mr. Hendry, answered questions.

At 5:08 p.m., the committee adjourned to the call of the chair.

ATTEST:

Lynn Gordon
Clerk of the Committee