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

Issue 1 - Minutes of Proceedings - June 22, 2011

OTTAWA, Wednesday, June 22, 2011
(2)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met this day at 4:20 p.m, in room 9, Victoria Building, the chair, the Honourable Michael A. Meighen, presiding.

Members of the committee present: The Honourable Senators Cochrane, Greene, Harb, Hervieux-Payette, P.C., Massicotte, Meighen, Moore, Oliver, Smith (Saurel), Stewart Olsen and Tkachuk (11).

In attendance: Adriane Yong, Analyst, Parliamentary Information and Research Service, Library of Parliament; and Karen Schwinghamer, Communications Officer.

Also in attendance: The official reporters of the Senate.

Pursuant to the order of reference adopted by the Senate on Tuesday, June 21, 2011, the committee began its examination of the present state of the domestic and international financial system.

WITNESSES:

Bank of Canada:

Mark J. Carney, Governor;

Tiff Macklem, Senior Deputy Governor.

Mr. Carney made a statement and, together with Mr. Macklem, answered questions.

At 6:02 p.m., the committee adjourned to the call of the chair.

ATTEST:

Adam Thompson

Clerk of the Committee