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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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Meeting No. 3

Tuesday, March 13, 2001

The Standing Committee on Finance met in a televised session at 9:37 a.m. this day, in Room 253-D, Centre Block, the Chair, Maurizio Bevilacqua, presiding.

Members of the Committee present: Sue Barnes, Carolyn Bennett, Maurizio Bevilacqua, Scott Brison, Roy Cullen, Ken Epp, Albina Guarnieri, Richard Harris, John McCallum, Lorne Nystrom, Pauline Picard.

Acting Members present: Odile Desrochers for Pauline Picard.

In attendance: From the Library of Parliament: Marc-André Pigeon, Researcher; Marion Wrobel, Senior Analyst. From Committees and Parliamentary Associations Directorate: Mike MacPherson

Witnesses: From Credit Union Central of British Columbia: Wayne A. Nygren, President and Chief Executive Officer. From Credit Union Central of Canada: Bill Knight, President and Chief Executive Officer; Brian Topp, Vice-President, Government Affairs. From Sun Life Financial's: Donald A. Stewart, Chairman & Chief Executive Officer. From CS CO-OP (Community Financial Services): Gary M. Seveny, President & Chief Executive Officer; José Gallant, Vice-President and Chief Financial Officer; Madeleine Brillant, Manager, Corporate Growth. From City Lumber Corporation: Robert Rosen, President.

The Committee resumed consideration of Bill C-8, An Act to establish the Financial Consumer Agency of Canada and to amend certain Acts in relation to financial institutions (See Minutes of Proceedings, Thursday, March 1st, 2001, Meeting No. 2).

On Clause 1.

Wayne Nygren, Bill Knight, Donald Stewart, Gary Seveny and Robert Rosen made statements and, with the other witnesses, answered questions.

At 11:09 a.m., the Committee adjourned to the call of the Chair.

Pat Steenberg

Clerk of the Committee