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

Issue 47 - Minutes of Proceedings

OTTAWA, Tuesday, March 16, 1999
(94)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met this day at 9:30 a.m. in Room 505, Victoria Building, the Deputy Chairman, the Honourable David Tkachuk, presiding.

Members of the committee present: The Honourable Senators Angus, Austin, P.C., Callbeck, Kelleher, P.C., Kenny, Kroft, Oliver and Tkachuk (8).

In attendance: From the Parliamentary Research Branch, Library of Parliament, Mr. Gerry Goldstein, Director Economics Division and Ms Margaret Smith, Research Officer, Law and Government Division.

Also present: The official reporters of the Senate.

WITNESSES:

From Working Ventures Canadian Fund Inc. and Canadian Venture Capital Association:

Mr. Ron Begg, President.

From the Carleton University:

Professor Allan Riding.

Pursuant to the Order of Reference adopted by the Senate on Wednesday, October 22, 1997, the committee resumed its examination into the state of the financial system in Canada and in particular its study of the Equity Financing. (See Issue No. 1, October 23, 1997, for the full text of the Order of Reference. )

Mr. Begg made an opening statement and then answered questions.

Professor Riding made an opening statement and then answered questions.

At 11:30 a.m. the committee adjourned to the call of the Chair.

ATTEST:

OTTAWA, Thursday, March 18, 1999
(95)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met this day at 11:00 a.m. in Room 505, Victoria Building, the Chair, the Honourable Michael Kirby, presiding.

Members of the committee present: The Honourable Senators Austin, P.C., Callbeck, Kelleher, P.C., Kirby, Kroft, Meighen and Oliver (7).

In attendance: From the Parliamentary Research Branch, Library of Parliament, Mr. Gerry Goldstein, Director Economics Division and Ms Margaret Smith, Research Officer, Law and Government Division.

Also present: The official reporters of the Senate.

WITNESSES:

From the Business Development Bank of Canada:

Mr. Michel Ré, Senior Vice-President, Emerging Markets;

Ms Mary Grover-LeBlanc.

Pursuant to the Order of Reference adopted by the Senate on Wednesday, October 22, 1997, the Committee resumed its examination into the state of the financial system in Canada and in particular its study of the Equity Financing. (See Issue No. 1, October 23, 1997, for the full text of the Order of Reference.)

Mr. Ré made an opening statement and then answered questions.

At 1:00 p.m. the committee adjourned to the call of the Chair.

ATTEST:

Gary Levy

Clerk of the Committee