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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

44th Parliament, 1st Session
Meeting 113
Thursday, November 2, 2023, 11:05 a.m. to 1:01 p.m.
Webcast
Presiding
Peter Fonseca, Chair (Liberal)

• Dan Albas for Philip Lawrence (Conservative)
• Hon. Ed Fast for Philip Lawrence (Conservative)
• Blake Richards for Adam Chambers (Conservative)
Library of Parliament
• Brett Capwell, Analyst
• Mehrab Kiarsi, Analyst
Canadian Centre for Policy Alternatives
• Hadrian Mertins-Kirkwood, Senior Researcher
Canadian Chamber of Commerce
• Alex Gray, Senior Director, Fiscal and Financial Services Policy
Oceans North
• Amy Nugent, Associate Director, Marine Climate Action
Tourism Industry Association of Canada
• Beth Potter, President and Chief Executive Officer
Université du Québec
• Céline Poncelin de Raucourt, Vice-President, Teaching and Research
• Maxime Colleret, Government Affairs Officer
Wealthsimple Investment Inc.
• Jessica Oliver, Head, Government and Regulatory Relations
Pursuant to Standing Order 83.1, the committee resumed its pre-budget consultations in Advance of the 2024 Budget.

Alex Gray, Hadrian Mertins-Kirkwood, Beth Potter, Jessica Oliver, Céline Poncelin de Raucourt and Maxime Colleret made statements and answered questions.

Rachel Bendayan gave notice of the following motion:

That the Chair of the committee immediately report to the House, that the committee:

  1. Celebrates the Canada Pension Plan as the foundation of a secure and dignified retirement for tens of millions of Canadians and a pillar of Canada’s economy;
  2. Recognizes the important contribution of the Quebec Pension Plan which was established independently at the same time as the Canada Pension Plan; and,
  3. Stands with the majority of Albertans who are opposed to Premier Danielle Smith’s dangerous plan to withdraw from the Canada Pension Plan that threaten the pensions of millions of seniors and hardworking Canadians from coast to coast.

Questioning of the witnesses resumed.

Jasraj Singh Hallan gave notice of the following motion:

That given recent media reports that the Public Health Agency of Canada lost $150 million dollars on an unfulfilled contract last year and won’t say why, and given the Finance committee is empowered to consider and review budgetary policy, including government spending, the committee undertake a study of the Canada public health agency’s unfulfilled contracts, including the lost $150 million in taxpayers’ money for an unfulfilled contract with an undisclosed vendor, that the witness list include, but not be limited to, the President of the Public Health Agency of Canada, the Parliamentary Budget Officer, and the President of the Treasury Board, and Minister of Health, that the study take no more than four meetings, that the committee report its findings to the House, that the committee send for all documents and emails related to the $150 million unfulfilled contract and that the unredacted documents and emails be received by the committee no later than one month following the passage of this motion, that any redactions of the documents or emails due to privacy only be made by the Office of the Law Clerk and Parliamentary Counsel of the House of Commons and that these documents be posted on the committee’s webpage.

Jasraj Singh Hallan gave notice of the following motion:

That the committee concur in and report to the House the comments made by the Governor of the Bank of Canada at his appearance at the Finance Committee on Monday, October 30, 2023 when he admitted that Trudeau’s carbon tax is inflationary and if it were repealed that it would slow inflation by quote “0.6%” .

Questioning of the witnesses resumed.

At 1:01 p.m., the committee adjourned to the call of the Chair.



Alexandre Roger,
Alexandre (Sacha) Vassiliev
Clerks of the committee