FINA Committee Meeting
Notices of Meeting include information about the subject matter to be examined by the committee and date, time and place of the meeting, as well as a list of any witnesses scheduled to appear. The Evidence is the edited and revised transcript of what is said before a committee. The Minutes of Proceedings are the official record of the business conducted by the committee at a sitting.
For an advanced search, use Publication Search tool.
If you have any questions or comments regarding the accessibility of this publication, please contact us at accessible@parl.gc.ca.
Minutes of Proceedings
By unanimous consent, it was agreed, — That a proposed budget in the amount of $ 9,150, for the study of Pre-Budget Consultations in Advance of the 2021, be adopted.
Livio Di Matteo, Trevin Stratton, Scott Wildeman and Lynn Napier made statements and answered questions.
At 2:04 p.m., the sitting was suspended.
At 2:09 p.m., the sitting resumed.
Jeff Morrison, Margaret Eaton, Marc-Anré Viau and C.T. (Manny) Jules made statements and answered questions.
Pierre Poilievre moved, — That the Committee compel the Bank of Canada and the Parliamentary Budget Officer to perform the below calculations and provide answers to the following questions, by no later than Monday, December 21, 2020: (a) what was the total combined purchase price of all the Government of Canada bonds the Bank of Canada purchased on the secondary market since March 1, 2020 and what was the total combined purchase price of those same bonds when originally auctioned on the primary market (please provide the answer, not a website URL; (b) what was the average sale price of each of the following Government of Canada securities since March 1, 2020 to the primary market, for: (i) 90-day treasuries, (ii) 1-year bond, (iii) 2-year bond, (iv) 3-year bond, (iv) 5-year bond, (v) 10-year bond, and (vi) 30-year bond (please provide the answer, not a website URL); (c) what is the average sale price of the following securities at time of issuance paid by all purchasers, other than the Bank of Canada, for (i) 90-day treasuries, (ii) 1-year bond, (iii) 2-year bond, (iv) 3-year bond, (v) 5-year bond, (vi) 10-year bond, (vii) 30-year bond (please provide the answer, not a website URL); (d) what was the average purchase price paid by the Bank of Canada for the following securities since March 1, 2020, for (i) 90-day treasuries, (ii) 1-year bond, (iii) 2-year bond, (iv) 3-year bond, (v) 5-year bond, (vi) 10-year bond, and (vii) 30-year bond (please provide the answer, not a website URL); and (e) provide a list of all corporate bonds the Bank of Canada has purchased since March 1, 2020, including the names of the companies, the purchase and sales prices per unit, the dates of the purchases and the total purchase price of all the corporate securities (please provide the answer, not a website URL)..
The question was put on the motion and it was negatived on the following recorded division:
YEAS: Tamara Jansen, Peter Julian, Pat Kelly, Cathy McLeod, Pierre Poilievre — 5;
NAYS: Julie Dzerowicz, Peter Fragiskatos, Sean Fraser, Annie Koutrakis, Michael V. McLeod, Gabriel Ste-Marie — 6.
At 3:59 p.m., the committee adjourned to the call of the Chair.