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FINA Committee Meeting

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Meeting No. 67
Monday, February 19, 2007

The Standing Committee on Finance met at 3:34 p.m. this day, in Room 269, West Block, the Vice-Chair, Massimo Pacetti, presiding.


Members of the Committee present: Dean Del Mastro, Rick Dykstra, Hon. John McCallum, Hon. John McKay, Massimo Pacetti, Pierre A. Paquette, Hon. Robert Thibault, Mike Wallace and Judy Wasylycia-Leis.


Acting Members present: Patricia Davidson for Diane Ablonczy, Roger Gaudet for Thierry St-Cyr and Rick Norlock for Brian Pallister.


In attendance: Library of Parliament: June Dewetering, Principal; Alexandre Laurin, Analyst.


Witnesses: Canadian Life and Health Insurance Association Inc.: Frank Zinatelli, Vice-President and Associate General Counsel. Public Interest Advocacy Centre: John Lawford, Counsel. Credit Union Central of Canada: David Phillips, President and Chief Executive Officer. Genworth Financial Canada: Winsor Macdonell, Senior Vice-President and General Counsel. Canadian Community Reinvestment Coalition: Duff Conacher, Chairperson. Canadian Association of Mutual Insurance Companies: Normand Lafrenière, President. Financial Consumer Agency of Canada: Jim Callon, Acting Commissioner. As an individual: Richard Bouchard. Office of the Superintendent of Financial Institutions Canada: Julie Dickson, Acting Superintendent, Financial Institutions. Canadian Payments Association: Guy Legault, President and Chief Executive Officer.

Pursuant to the Order of Reference of Thursday, December 7, 2006, the Committee resumed consideration of Bill C-37, An Act to amend the law governing financial institutions and to provide for related and consequential matters.

The witnesses made statements and answered questions.


At 4:56 p.m., the sitting was suspended.

At 5:03 p.m., the sitting resumed.


The witnesses made statements and answered questions.


At 6:28 p.m., the Committee adjourned to the call of the Chair.


Elizabeth B. Kingston
Clerk of the Committee

2007/02/21 10:08 a.m.