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.
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MINUTES OF PROCEEDINGS
Meeting No. 29
Tuesday, November 26, 2002
The Standing Committee on Finance met at 9:34 a.m. this day, in Room 209, West Block, the Chair, Sue Barnes, presiding.
Members of the Committee present: Sue Barnes, Roy Cullen, Nick Discepola, Richard Harris, The Hon. Maria Minna, Shawn Murphy, Pauline Picard, Gary Pillitteri, Tony Valeri, Bryon Wilfert.
Acting Members present: Scott Reid for Rick Casson, Peter Stoffer for the Honourable Lorne Nystrom.
In attendance: From the Research Branch of the Library of Parliament: Blayne Haggart and Marc-André Pigeon, Research Officers. From the Committees Directorate: Lisa Chartier-Derouin, Committee Clerk.
Appearing: From the Department of Finance: Bryon Wilfert, Parliamentary Secretary to the Minister of Finance.
Witnesses: From the Department of Finance: Bill Mitchell, Director, Financial Markets Division, Financial Sector Policy Branch; Larry Weatherley, Chief, Financial Markets Division, Financial Sector Policy Branch; Réal Bouchard, Director, Federal-Provincial Relations and Social Policy; Clare Scullion, Senior Counsel, General Legal Services; Jean Claude Ménard, Chief Actuary, Office of the Superintendent of Financial Institutions; Nada Semaan, Director General, Strategic Direction and Partnership, Human Resources Development. From the Canada Pension Plan Investment Board: John A. MacNaughton, President and Chief Executive Officer; Gail Cook-Bennett, Chairperson, Board of Directors.
The Order of Reference dated Tuesday, October 29, 2002, being now read as follows:
ORDERED, -- That Bill C-3, An Act to amend the Canada Pension Plan and the Canada Pension Plan Investment Board Act be now read a second time and referred to the Standing Committee on Finance.
The Chair called Clause 1.
The Parliamentary Secretary made a statement and with Jean Claude Ménard and Bill Mitchell, answered questions.
On motion of Roy Cullen, It was agreed to print 2000 copies of the English Version of the Report on Pre Budget discussion.
It was agreed, on Bill C-3, to invite for Wednesday, November 27, at 3:30 p.m. the following witnesses:
Ontario Coalition of Senior Citizens Organization (COCSCO); Bernard Dussault, Former Chief Actuary; Pierre Harbour; C.D. Howe Institute, Bill Robson, Director of Research; Canadian Labour Congress, Ken Georgetti, President; Canadian Auto Workers Union, Jim Stanford, Chief Economist.
At 10:35 a.m., the sitting was suspended.
At 10:45 a.m., the sitting resumed.
John A. MacNaughton and Gail Cook-Bennett made a statement and answered questions.
At 11:50 a.m., the Committee adjourned to the call of the Chair.
Richard Dupuis
Clerk of the Committee