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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

Meeting No. 115

Tuesday, September 29, 1998

The Standing Committee on Finance met in a televised session at 9:30 a.m. this day, in Room 253-D, Centre Block, the Chair, Maurizio Bevilacqua, presiding.

Members of the Committee present: Maurizio Bevilacqua, Scott Brison, Roger Gallaway, Dick Harris, Yvan Loubier, Gary Pillitteri, Karen Redman, Paul Szabo and Tony Valeri.

Acting Members present: Nick Discepola for Mark Assad, Sophia Leung for David Iftody, Carolyn Bennett for Paddy Torsney, Ken Epp for Monte Solberg, Odina Desrochers for Gilles-A. Perron.

Other Members present: Lorne Nystrom and John McKay.

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

Witnesses: From the Canadian Taxpayers' Federation: Walter Robinson, Federal Director; From the Acorn Partners: Peter Kemball, Managing Director; From the Regional Group: Leonard Potechin, Chairman of the Board; From the Canadian Association of Factors and Credit Insurers: Michael Teeter, Director; Mark Perna, Chairman; From the Canadian Automobile Dealers Association: J.A. Gérald Drolet, President; Huw Williams, Director, Public Affairs; From the Canadian Vehicle Manufacturers' Association: Mark Nantais, President; Peter R. Andrew, Director - Operations; Michael Sheridan, Director, Government Relations.

In accordance with its mandate under Standing Order 108(2), the Committee resumes its study of the Report of the Task Force on the future of the Canadian Financial Services Sector.

Walter Robinson from the Canadian Taxpayers' Federation made an opening statement.

Peter Kemball from the Acorn Partners made an opening statement.

Leonard Potechin from the Regional Group of companies made an opening statement.

At 10:42 a.m., the sitting was suspended.

At 11:05 a.m., the sitting was resumed.

The questioning resumed.

Mark Perna from the Canadian Association of Factors and Credit Insurers made an opening statement.

J.A. Gérald Drolet from the Canadian Automobile Dealers Association made an opening statement.

Mark Nantais from the Canadian Vehicle Manufacturers' Association made opening statement.

Michael Teeter, Michael Sheridan, Huw Williams answered questions.

At 1:15 p.m., the Committee adjourned to the call of the Chair.

Richard Dupuis


Committee Clerk