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

Issue 10 - Minutes of Proceedings

VANCOUVER, Thursday, February 19, 1998
(17)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met this day, at 9:00 a.m. in Salon Malaspina, Waterfront Centre Hotel, Vancouver, the Deputy Chairman, the Honourable David Tkachuk, presiding.

Members of the committee present: The Honourable Senators Hervieux-Payette, P.C., Kelleher, P.C., Kenny, Meighen, Oliver, St. Germain, P.C. and Tkachuk (7).

Other senator present: The Honourable Senator Lawson (1).

In attendance: From the Parliamentary Research Branch, Library of Parliament, Ms June Dewetering, Researcher, Economics Division.

Also present: The official reporters of the Senate.

WITNESSES:

From the Simon Fraser University:

Professor Herbert Grubel, Economics Department.

From the University of British Columbia:

Professor W.T. Stanbury, Faculty of Commerce and Business Administration.

From Connor, Clark & Lunn Investment Management Ltd:

Mr. Gordon H. MacDougall, Partner.

Pursuant to the Order of Reference adopted by the Senate on Thursday, February 12, 1998, the committee proceeded to study the governance provisions set out in the Canada Pension Plan Investment Board Act (previously Bill C-2). (See Issue No. 8, February 17, 1998, for the full text of the Order of Reference .)

Professor Grubel made an opening statement and answered questions.

Professor Stanbury made an opening statement and answered questions.

Mr. MacDougall made an opening statement and answered questions.

At 12:00 p.m., the committee adjourned to the call of the Chair.

ATTEST:

VANCOUVER, Thursday, February 19, 1998
(18)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met this day, at 1:30 p.m. in Salon Malaspina, Waterfront Centre Hotel, Vancouver, the Acting Chairman, the Honourable Michael A. Meighen, presiding.

Members of the committee present: The Honourable Senators Hervieux-Payette, P.C., Kelleher, P.C., Kenny, Meighen, Oliver, St. Germain, P.C. and Tkachuk (7).

Other senator present: The Honourable Senator Lawson (1).

In attendance: From the Parliamentary Research Branch, Library of Parliament, Ms June Dewetering, Researcher, Economics Division.

Also present: The official reporters of the Senate.

WITNESSES:

From Ventures West:

Mr. Michael Brown, President.

From The Fraser Institute:

Dr. Michael Walker, Executive Director.

Pursuant to the Order of Reference adopted by the Senate on Thursday, February 12, 1998, the committee proceeded to study the governance provisions set out in the Canada Pension Plan Investment Board Act (previously Bill C-2). (See Issue No. 8, February 17, 1998, for the full text of the Order of Reference .)

Mr. Brown made an opening statement and answered questions.

Dr. Walker made an opening statement and answered questions.

At 3:10 p.m., the committee adjourned to the call of the Chair.

ATTEST:

Paul Benoit

Clerk of the Committee