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Ottawa, Wednesday, April 21, 2021


Pursuant to the order of the Senate of March 30, 2021, the Standing Senate Committee on Banking, Trade and Commerce met by videoconference this day at 6:31 p.m. the chair, the Honourable Howard Wetston, presiding. This meeting is considered to have taken place in the parliamentary precinct.

Members of the committee present by videoconference: The Honourable Senators Bellemare, Deacon (Nova Scotia), Klyne, Loffreda, Marshall, Moncion, Ringuette, Smith, Wallin and Wetston (10).

In attendance: Kalina Waltos, Acting Procedural Clerk, Tracy Amendola, Administrative Assistant, Committees Directorate; Adriane Young 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 March 30, 2021, the committee began its study on matters relating to banking, trade and commerce generally, as described in rule 12-7(8). (Topic: Update on the Canadian economy)

WITNESSES (by videoconference):

Statistics Canada:

Greg Peterson, Assistant Chief Statistician, Economic Statistics Field.

Canada Mortgage and Housing Corporation:

Bob Dugan, Chief Economist.

The chair made a statement.

Mr. Peterson made a statement and answered questions.

At 7:13 p.m., the committee suspended.

At 7:15 p.m., the committee resumed.

Mr. Dugan made a statement and answered questions.

At 7:52 p.m., the committee suspended.

At 7:54 p.m., pursuant to rule 12-16(1)(d), the committee resumed in camera for the consideration of a draft agenda (future business).

It was agreed that each committee member be allowed to have one staff member present in Zoom during the in camera portion of the meeting.

It was agreed that the committee allow the audio recording of the in camera portion of today’s meeting, that a copy be kept with the clerk of the committee for consultation by committee members and/or staff; and that the audio recording be destroyed by the clerk when authorized to do so by the Subcommittee on Agenda and Procedure, but no later than the end of this parliamentary session.

At 8:20 p.m., the committee adjourned to the call of the chair.


Mireille K. Aubé

Clerk of the Committee