INDU Committee Meeting

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Minutes of Proceedings

Standing Committee on Industry and Technology (INDU)

44th Parliament, 1st Session

Meeting 151

Monday, December 9, 2024, 4:00 p.m. to 7:34 p.m.

Room 330, Wellington Building, 197 Sparks Street

Webcast

Presiding

Joël Lightbound, Chair (Liberal)

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Members of the Committee present

Liberal

Conservative

Acting Members present

• Taylor Bachrach for Brian Masse (NDP)

• Adam Chambers for Rick Perkins (Conservative)

• Leila Dance for Brian Masse (NDP)

• Simon-Pierre Savard-Tremblay for Jean-Denis Garon (Bloc Québécois)

Other Members present

• Mike Morrice (Green Party)

In attendance

House of Commons

• Alexandre Roger, Procedural Clerk

Library of Parliament

• Isaac Doucette, Analyst

• Dana Fan, Analyst

Appearing

• Hon. François-Philippe Champagne, Minister of Innovation, Science and Industry

Witnesses

Department of Industry

• Philip Jennings, Deputy Minister, Innovation, Science and Economic Development Canada

Pursuant to Standing Order 108(2) and the motion adopted by the committee on Thursday, November 21, 2024, the committee commenced its study of the subject matter of the Supplementary Estimates (B), 2024-25: Votes 1b and 5b under Atlantic Canada Opportunities Agency, Votes 1b and 5b under Canadian Northern Economic Development Agency, Votes 1b and 5b under Canadian Space Agency, Votes 1b and 10b under Department of Industry, Votes 1b and 5b under Department of Western Economic Diversification, Votes 1b and 5b under Economic Development Agency of Canada for the Regions of Quebec, Votes 1b and 5b under Federal Economic Development Agency for Northern Ontario, Votes 1b and 5b under Federal Economic Development Agency for Southern Ontario, Votes 1b and 10b under National Research Council of Canada, Votes 1b and 5b under Natural Sciences and Engineering Research Council, Votes 1b and 5b under Pacific Economic Development Agency of Canada, Votes 1b and 5b under Social Sciences and Humanities Research Council, Vote 1b under Standards Council of Canada, Vote 1b under Statistics Canada, referred to the committee on Monday, November 18, 2024.

Credit Card Practices and Regulations in Canada

Appearing

• Hon. François-Philippe Champagne, Minister of Innovation, Science and Industry

• Hon. Chrystia Freeland, Deputy Prime Minister and Minister of Finance

Witnesses

Department of Finance

• Julien Brazeau, Associate Assistant Deputy Minister, Financial Sector Policy Branch

Department of Industry

• Philip Jennings, Deputy Minister, Innovation, Science and Economic Development Canada

Interac Corp.

• Jeremy Wilmot, President and Chief Executive Officer

Pursuant to Standing Order 108(2) and the motion adopted by the committee on Thursday, September 19, 2024, and the order of reference of Thursday, November 7, 2024, the committed resumed its study of credit card practices and regulations in Canada.

Ministers Chrystia Freeland and François-Philippe Champagne made statements and answered questions.

At 5:56 p.m., the meeting was suspended.

At 6:05 p.m., the meeting resumed.

Jeremy Wilmot made a statement and answered questions.

At 6:30 p.m., the meeting was suspended.

At 6:31 p.m., the meeting resumed.

At 7:34 p.m., the committee adjourned to the call of the Chair.

Philip den Ouden

Committee clerk