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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. 40

Thursday, February 6, 2003

The Standing Committee on Finance met in a televised session at 9:35 a.m. this day, in Room 253-D, Centre Block, the Chair, Sue Barnes, presiding.

Members of the Committee present: Sue Barnes, Scott Brison, Rick Casson, Roy Cullen, Nick Discepola, Albina Guarnieri, Richard Harris, Sophia Leung, Shawn Murphy, The Hon. Lorne Nystrom, Pierre Paquette, Bryon Wilfert.

In attendance from the Library of Parliament:  June Dewetering, Acting Principal Analyst; Blayne Haggart and Marc-André Pigeon, Analysts.

Witnesses: From the Scotiabank: Peter C. Godsoe, Chairman and Chief Executive Officer. From the TD Bank Financial Group: Edmund Clark, President and Chief Executive Officer. From the BMO Financial Group: Tony Comper, Chairman and Chief Executive Officer; Tim O’Neill, Executive Vice-President and Chief Economist; Karen E. Maidment, Executive Vice-President and Chief Financial Officer.

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

Peter Godsoe made a statement and answered questions.

At 10:38 a.m., the sitting was suspended.

At 10:45 a.m., the sitting resumed.

Edmund Clark made a statement and answered questions.

At 11:42 a.m., the sitting was suspended.

At 11:47 a.m., the sitting resumed.

Tony Comper made a statement and answered questions.

At 12:56 p.m., the Committee adjourned to the call of the Chair.

Richard Dupuis / Lisa Chartier-Derouin

Clerks of the Committee