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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. 36

Monday, February 3, 2003

The Standing Committee on Finance met in a televised session at 3:29 p.m. this day, in Room 253-D, Centre Block, the Chair, Sue Barnes, presiding.

Members of the Committee present: Sue Barnes, Scott Brison, Roy Cullen, Albina Guarnieri, Richard Harris, The Hon. Maria Minna, Shawn Murphy, The Hon. Lorne Nystrom, Gary Pillitteri, Bryon Wilfert.

In attendance: From the Library of Parliament: June Dewetering, Acting Principal Analyst; Blayne Haggart, Analyst.

Witnesses: From the RBC Financial Group: Gordon Nixon, President and Chief Executive Officer; Charles S. Coffey, Executive Vice-President, Government & Community Affairs; Anne Sutherland, Senior Vice-President, Client Segment Strategies. From the National Bank of Canada: Réal Raymond, President and Chief Executive Officer; Jean Houde, Senior Vice-President, Corporate Affairs, Member of the Executive Committee; Jean-Paul Caron, Vice-President, Corporate Affairs. From the Canadian Imperial Bank of Commerce: John Hunkin, Chairman and Chief Executive Officer.

Pursuant to Standing Order 108(2), the Committee resumed its study on the public interest implications of large bank mergers.

Gordon Nixon made a statement and answered questions.

At 4:31 p.m., the sitting was suspended.

At 4:36 p.m., the sitting resumed.

Réal Raymond made a statement and answered questions.

At 5:28 p.m., the sitting was suspended.

At 5:33 p.m., the sitting resumed.

John Hunkin made a statement and answered questions.

At 6:30 p.m., the Committee adjourned to the call of the Chair.

Richard Dupuis / Lisa Chartier-Derouin
Clerks of the Committee