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View Peter Fonseca Profile
Lib. (ON)
I call this meeting to order.
Welcome to meeting number 56 of the House of Commons Standing Committee on Finance. Pursuant to Standing Order 108(2), the committee is meeting to discuss the Canada Pension Plan Investment Board.
Today's meeting is taking place in a hybrid format pursuant to the House order of November 25, 2021. Members are attending in person in the room and remotely using the Zoom application. As per the directive of the Board of Internal Economy on March 10, 2022, all those attending the meeting in person must wear a mask, except for members who are at their place during proceedings.
I'd like to make a few comments for the benefit of the witnesses and members.
Please wait until I recognize you by name before speaking. For those participating by video conference, click on the microphone icon to activate your mike, and please mute yourself when you are not speaking. There is interpretation for those on Zoom. You have the choice, at the bottom of your screen, of floor, English or French. For those in the room, you can use the earpiece and select the desired channel.
I remind everyone that all comments should be addressed through the chair. For members in the room, if you wish to speak, please raise your hand. For members on Zoom, please use the “raise hand” function. The clerk and I will manage the speaking order as well as we can, and we appreciate your patience and understanding in this regard.
I would now like to welcome our witnesses for the first hour. From the Canada Pension Plan Investment Board, we have president and chief executive officer John Graham. With Mr. Graham is senior managing director and global head of public affairs and communications, Michel Leduc. Welcome.
Mr. Graham, you now have the opportunity to give your opening remarks to the members.
View Peter Fonseca Profile
Lib. (ON)
Thank you, Mr. Graham and Mr. Leduc. Thank you for the work you do on behalf of Canadians' pensions. I know the members will have many questions for you.
We are going into our rounds of questions. In this first round, each party will have up to six minutes to ask questions.
We are starting with the Conservatives, and I have MP Chambers up for six minutes.
View Peter Fonseca Profile
Lib. (ON)
Thank you, MP Chambers and Mr. Graham.
Now we go to the Liberals. We have MP Baker for six minutes.
View Peter Fonseca Profile
Lib. (ON)
Thank you.
Thank you, MP Baker.
We are moving to the Bloc now, with MP Ste-Marie for six minutes.
View Peter Fonseca Profile
Lib. (ON)
Thank you, Mr. Ste-Marie.
We are now going to hear questions from the NDP and MP Blaikie for six minutes.
View Peter Fonseca Profile
Lib. (ON)
Thank you, MP Blaikie. That's the time.
View Peter Fonseca Profile
Lib. (ON)
Thank you.
We are moving to our second round, members. We have the Conservatives up first.
MP Lawrence, you have five minutes.
View Peter Fonseca Profile
Lib. (ON)
Thank you, MP Lawrence.
Now we'll hear from the Liberals.
We have MP Dzerowicz for five minutes.
View Peter Fonseca Profile
Lib. (ON)
Thank you, MP Dzerowicz.
Now, we go to the Bloc, and we have MP Ste-Marie for two and a half minutes, please.
View Peter Fonseca Profile
Lib. (ON)
Thank you, Mr. Ste-Marie.
Now we go to MP Blaikie, from the NDP, for two and a half minutes.
View Peter Fonseca Profile
Lib. (ON)
Thank you, MP Blaikie. That's the time.
We'll now hear from MP Stewart for the Conservatives for five minutes.
View Peter Fonseca Profile
Lib. (ON)
Thank you, MP Stewart.
We are going to our last questioner and this will conclude this second round but also our opportunity here with CPPIB.
We have MP Chatel for the Liberals for five minutes.
View Peter Fonseca Profile
Lib. (ON)
Madame Chatel, can you repeat your question?
View Peter Fonseca Profile
Lib. (ON)
Thank you, MP Chatel.
View Peter Fonseca Profile
Lib. (ON)
We've reached the time.
Now there is an opportunity to thank Mr. Graham and Mr. Leduc from the Canada Pension Plan Investment Board. We thank you on behalf of the 21 million Canadians who contribute to the pension plan and for the investments you put those contributions into.
As MP Ste-Marie mentioned, I want to thank the analysts. They do a great job for us with briefing notes, questions and so on, which helps us. I'd also like to thank the clerk, the entire finance committee and everybody here. We really thank you for coming before us.
I'm new to this role, but I understand you do this annually. I don't know if we always do it at the same time of year. The Clerk says more or less, so we look forward to seeing you in a year's time, when you'll update us on how the CPPIB is doing.
Thank you.
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