FINA Committee Meeting

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Minutes of Proceedings

Standing Committee on Finance (FINA)

43rd Parliament, 1st Session

Meeting 38

Thursday, June 18, 2020, 3:01 p.m. to 7:08 p.m.

By Videoconference

Webcast

Presiding

Hon. Wayne Easter, Chair (Liberal)

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Members of the Committee present

Liberal

Conservative

Bloc Québécois

Gabriel Ste-Marie

NDP

Peter Julian

Acting Members present

• Philip Lawrence for Michael Cooper (Conservative)

• Greg McLean for Marty Morantz (Conservative)

Associate Members present

• Francesco Sorbara (Liberal)

Other Members present

• Caroline Desbiens (Bloc Québécois)

In attendance

House of Commons

• Christine Lafrance, Procedural Clerk

Library of Parliament

• Andrew Barton, Analyst

• Sylvain Fleury, Analyst

Government’s Response to the COVID-19 Pandemic

Witnesses

BMO Bank of Montreal

• Douglas Porter, Chief Economist

Canadian Centre for Policy Alternatives

• David Macdonald, Senior Economist

Catch Capital Partners Inc.

• Jeff Wareham, Chief Executive Officer

CIBC Capital Markets

• Avery Shenfeld, Managing Director and Chief Economist

Desjardins Group

• Mathieu D'Anjou, Director and Deputy Chief Economist

Dominion Lending Centres

• Sherry Cooper, Chief Economist

Scotiabank

• Jean-François Perrault, Chief Economist

Association for Mountain Parks Protection and Enjoyment

• Stuart Back, Co-Chair

• Yannis Karlos, Co-Chair

Canadian Federation of Independent Grocers

• Gary Sands, Senior Vice-President, Small Business Coalition

Canadian Steel Producers Association

• Catherine Cobden, President

Fairness Alberta

• Bill Bewick, Executive Director

Fédération nationale des communications

• Pascale St-Onge, President

• Sophie Prégent, President of Union des artistes

Independent Broadcast Group

• Joel Fortune, Legal Counsel

• Luc Perreault, Strategic Advisor

International Alliance of Theatrical Stage Employees

• John Morgan Lewis, International Vice-President and Director of Canadian Affairs

• Arden Ryshpan, Executive Director of Canadian Actors' Equity Association

Triodetic Ltd

• Peter Chabursky, Manager, MultiPoint Foundation Division

• Lawrence Morroni, Marketing Manager, Triodetic Sales

Pursuant to the orders of reference of Tuesday, March 24, Saturday, April 11, and Tuesday, May 26, 2020, the committee resumed its study of the Government’s Response to the COVID-19 Pandemic.

Douglas Porter, David Macdonald, Jeff Wareham, Avery Shenfeld, Mathieu D'Anjou, Sherry Cooper and Jean-François Perrault on the panel with senior economists made statements and answered questions.

At 5:00 p.m., the sitting was suspended.

At 5:17 p.m., the sitting resumed.

Yannis Karlos, Gary Sands, Catherine Cobden, Bill Bewick, Sophie Prégent, Pascale St-Onge, Luc Perreault, John Morgan Lewis, Arden Ryshpan, Lawrence Morroni and Peter Chabursky made statements and, with Joel Fortune and Stuart Back, answered questions.

At 7:08 p.m., the committee adjourned to the call of the Chair.

Alexandre Roger

Committee Clerk