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Publications - September 25, 1998


Meeting No. 112

Friday, September 25, 1998

The Standing Committee on Finance met in a televised session at 9:06 a.m. this day, in Room 253-D, Centre Block, the Chair, Maurizio Bevilacqua, presiding.

Members of the Committee present: Maurizio Bevilacqua, Scott Brison, Roger Gallaway, Dick Harris, Yvan Loubier and Tony Valeri.

Acting Members present: Eugène Bellemare for Mark Assad, Hector Clouthier for David Iftody, Mauril Bélanger for Gary Pilliteri, David Pratt for Karen Redman, Denis Coderre for Paul Szabo, Shaughnessy Cohen for Paddy Torsney, Mac Harb for Tony Valeri, Ken Epp for Monte Solberg, Réal Ménard for Gilles A. Perron, Pat Martin for Nelson Riis.

In attendance: From the Library of Parliament: Richard Domingue; Marion Wrobel, Researchers.

Witnesses: From the Insurance Bureau of Canada: George D. Anderson, President and C.E.O.; Mark Yakabuski, Vice-President; From the Canadian Community Reinvestment Coalition: Duff Conacher, Chair, CCRC and Coordinator, Democracy Watch; From the Bank of Montreal: Matthew W. Barrett, President and C.E.O.; Drew White, Executive Vice-President; Tim J. O'Neill, Chief Economist; From the Investment Funds Institute of Canada: John Kaszel, Director, Academic Affairs and Research; From the Dundee Bancorp Inc.: Ned Goodman, Chairman, President & Chief Executive Officer; Donald K. Charter, Chairman, President and C.E.O.

In accordance with its mandate under Standing Order 108(2), the Committee resumes its study of the Report of the Task Force on the future of the Canadian Financial Services Sector.

George Anderson made a statement and with the other witness from the Insurance Bureau of Canada, answered questions.

At 10:16 a.m., the sitting was suspended.

At 10:18 a.m., the sitting was resumed.

Duff Conacher from the Canadian Community Reinvestment Coalition made a statement and answered questions.

At 11:40 a.m., the sitting was suspended.

At 12:20 p.m., the sitting was resumed.

Matthew W. Barrett made a statement and, with the other witnesses from the Bank of Montreal, answered questions.

At 2:19 p.m., the sitting was suspended.

At 2:24 p.m., the sitting was resumed.

John Kaszel, from the Investment funds Institute of Canada, and Ned Goodman, from Dundee Bancorp Inc., each made a statement and answered questions.

At 3:18 p.m., the Committee adjourned to the call of the Chair.

Susan Baldwin

Committee Clerk