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FINA Committee Meeting

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MINUTES OF PROCEEDINGS

Meeting No. 146

Thursday, October 29, 1998

The Standing Committee on Finance met in a (televised session) at 9:09 a.m. this day, in Room 253-D, Centre Block, the Chair, Maurizio Bevilacqua, presiding.

Members of the Committee Committee present: Carolyn Bennett, Maurizio Bevilacqua, Scott Brison, Nick Discepola, Ken Epp, Roger Gallaway, Sophia Leung, Gary Pillitteri, Karen Redman and Paul Szabo.

Acting Member(s) present: Yves Rocheleau and Christiane Gagnon for Yvan Loubier; Gerry Ritz for Monte Solberg.

Associate Member present: The Hon. Lorne Nystrom.

In attendance: From the Parliamentary Research Branch of the Library of Parliament: Richard Domingue and Marion Wrobel, Researchers.

Witnesses: From Bank of Nova Scotia: Peter C. Godsoe, Chairman & CEO. From Canadian Life and Health Insurance Association Inc.: Chris McElvaine, Chairman; Mark Daniels, President; Greg Traversy, Executive Vice-President. From National Bank of Canada: Léon Courville, President, Personal and Commercial Bank and Chief Operating Officer; Dominique Vachon, Vice-President and Senior Economist. From Canada Life: David A. Nield, President and C.E.O.. From Manulife Financial: Dominic D'Alessandro, President and C.E.O..

In accordance with its mandate under Standing Order 108(2), the Committee resumed its study of the Report of the Task Force on the Future of the Canadian Financial Services Sector. (See Minutes of Proceedings dated Monday, September 21, 1998, Meeting No. 106).

Peter C. Godsoe from the Bank of Nova Scotia made an opening statement and answered questions.

At 10:50 a.m., Chris McElvaine from the Canadian Life and Health Insurance Association Inc., made an opening statement and, along with Mark Daniels and Greg Traversy, answered questions.

At 12:05 p.m., Léon Courville from the National Bank of Canada made an opening statement and, with Dominique Vachon, answered questions.

À 12 h 47, David A. Nield from Canada Life made an opening statement and answered questions.

At 13:15 p.m., Dominic D'allesandro from Manulife Financial made an opening statement and answered questions.

At 1:55 p.m., the Committee adjourned to the call of the Chair.

 

 

Roxanne Enman
Co-Clerk of the Committee