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

Issue 8 - Minutes of Proceedings

OTTAWA, Thursday, November 28, 2002
(14)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met at 9:00 a.m. this day, in room 257, East Block, the Chair, the Honourable Senator Kolber, presiding.

Members of the committee present: The Honourable Senators Kelleher, P.C., Kolber, Meighen, Prud'homme, P.C. and Setlakwe (5).

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

In attendance: From the Parliamentary Research Branch, Library of Parliament, Economic Division: Ms. June Dewetering, Acting Principal.

Also in attendance: The official reporters of the Senate.

Pursuant to the Order of Reference adopted by the Senate on Wednesday, November 6, 2002, the committee continued its examination into the public interest implications for large bank mergers. (See Issue No. 5, November 25, 2002, for full text of the Order of Reference.)

WITNESSES:

From TG International Management Consultants:

Peter Downing.

From the Retail Council of Canada:

Diane J. Brisebois, President and Chief Executive Officer;

Ken J. Morrison, Banking and Payments Services Consultant.

From the Consumers' Association of Canada:

Robert R. Kerton, Dean, Faculty of Arts, University of Waterloo (by videoconference).

From the Canadian Western Bank:

Larry M. Pollock, President and Chief Executive Officer (by videoconference).

From the University of Toronto:

Wendy K. Dobson, Rotman School of Management.

Mr. Downing from TG International Management Consultants made a statement and answered questions.

On behalf of the Retail Council of Canada, Ms. Brisebois made a statement and with Mr. Morrison answered questions.

From Waterloo by videoconference, Mr. Kerton for the Consumers' Association of Canada made a statement and answered questions.

From Edmonton by videoconference, Mr. Pollock from the Canadian Western Bank made a statement and answered questions.

Ms. Dobson from the Rotman School of Management made a statement and answered questions.

At 12:35 p.m., the committee adjourned to the call of the Chair.

ATTEST:

Denis Robert

Clerk of the Committee