Banking, Commerce and the Economy
Committee Authorized to Meet During Sitting of the Senate
October 27, 2022
Pursuant to notice of October 26, 2022, moved:
That the Standing Senate Committee on Banking, Commerce and the Economy be authorized to meet on Tuesday, November 1, 2022, at 6:30 p.m., to hear from the Governor of the Bank of Canada, even though the Senate may then be sitting and that rule 12-18(1) be suspended in relation thereto.
She said: Honourable senators, I just want to make the obvious statement that it is the responsibility of the Banking Committee to monitor the activities of the Bank of Canada. We have just had the latest increase — number six — in interest rates announced by the Bank of Canada. The Monetary Policy Report is coming out. This is, at least, a semi-annual meeting that we have with the Governor of the Bank of Canada. I think it is important that he’s held to account, and, therefore, we would like to proceed with this meeting.
We have checked with his schedule to see if any other times are available. They are not. Hence, I’m asking for the support of the chamber to conduct this meeting. Thank you.
Is it your pleasure, honourable senators, to adopt the motion?
Hon. Senators: Agreed.
(Motion agreed to.)
Honourable senators, the Senate has come to the end of Orders of the Day, and I declare the sitting suspended until 4 p.m., when the sitting will resume for Question Period. The bells will start ringing five minutes before the sitting resumes.
