Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce
Issue No. 58 - Minutes of Proceedings - May 29, 2019
OTTAWA, Wednesday, May 29, 2019
The Standing Senate Committee on Banking, Trade and Commerce met this day at 4:12 p.m., in room B30, Senate
of Canada Building, the chair, the Honourable Douglas Black, presiding.
Members of the committee present: The Honourable Senators Black (Alberta), Dagenais, Deacon (Nova Scotia),
Duncan, Klyne, Marshall, Stewart Olsen, Tkachuk, Verner, P.C., 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 Thursday, May 2, 2019, the committee continued its
consideration of the subject matter of those elements contained in Divisions 1, 5 and 26 of Part 4, and in Subdivision A of
Division 2 of Part 4 of Bill C-97, An Act to implement certain provisions of the budget tabled in Parliament on March 19,
2019 and other measures. (For complete text of the order of reference, see proceedings of the committee, Issue No. 56.)
Innovation, Science and Economic Development Canada:
Mark Schaan, Director General, Marketplace Framework Policy Branch;
Ian Disend, Senior Policy Analyst, Marketplace Framework Policy Branch.
Department of Finance Canada:
Kathleen Wrye, Acting Director, Pensions Policy;
Safeena Alarakhia, Senior Advisor, Financial Crimes Governance and Operations, Financial Systems Division, Financial
Sector Policy Branch.
The chair made a statement.
Mr. Schaan made a statement and answered questions.
At 5 p.m., the committee suspended.
At 5:01 p.m., pursuant to rule 12-16(1)(d), the committee resumed in camera to consider a draft agenda (future
At 5:15 p.m., the committee adjourned to the call of the chair.