Proceedings of the Standing Senate Committee on
National Finance

Issue 9 - Minutes of Proceedings - April 8, 2014

OTTAWA, Tuesday, April 8, 2014
(31)

[English]

The Standing Senate Committee on National Finance met this day, at 9:33 a.m., in room 9, Victoria Building, the chair, the Honourable Joseph A. Day, presiding.

Members of the committee present: The Honourable Senators Bellemare, Buth, Callbeck, Chaput, Day, Eaton, Gerstein, Hervieux-Payette, P.C., Mockler, Seth and Smith (Saurel) (11).

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

In attendance: Sylvain Fleury and Raphaëlle Deraspe, Analysts, Parliamentary Information and Research Service, Library of Parliament.

Also in attendance: The official reporters of the Senate.

Pursuant to the order of reference adopted by the Senate on Thursday, March 6, 2014, the committee began its examination of the Bill S-204, An Act to amend the Financial Administration Act (borrowing of money).

WITNESSES:

The Honourable Senator Wilfred P. Moore, sponsor of the bill.

Department of Finance Canada:

Dan Calof, Acting Director, Financial Markets Division;

Marie-Josée Lambert, Chief, Domestic Debt Management Policy, Financial Sector Policy Division.

Bank of Canada:

Grahame Johnson, Chief, Funds Management and Banking.

As individuals:

Lori Turnbull, Associate Professor, Dalhousie University;

Peter Devries, Consultant in Fiscal Affairs.

The Honourable Senator Moore made a statement and answered questions.

At 10:05 a.m., the committee suspended.

At 10:06 a.m., the committee resumed.

Mr. Calof made a statement and, together with Ms. Lambert, answered questions.

At 10:55 a.m., the committee suspended.

At 10:57 a.m., the committee resumed.

Ms. Turnbull and Mr. Devries each made a statement and answered questions.

At 11:39 a.m., it was agreed that the committee adjourn to the call of the chair.

ATTEST:

Jodi Turner

Clerk of the Committee