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. 150
Tuesday, November 3, 1998
The Standing Committee on Finance met at 9:00 a.m. this day, in OPUS II Room, Delta Hotel in Montreal, Quebec, the Chair, Maurizio Bevilacqua, presiding.
Members of the Committee Committee present: Maurizio Bevilacqua, Odina Desrochers, Nick Discepola, Ken Epp, Yvan Loubier, Gary Pillitteri, Karen Redman, Paul Szabo and Tony Valeri.
In attendance: From the Parliamentary Research Branch of the Library of Parliament: Richard Domingue and Marion Wrobel, Researchers.
Witnesses: Round Table I
From the Association of Life Insurers (Quebec Charter): Jean La Couture, Spokesman. From the "Confédération des caisses populaires et d'économie Desjardins du Québec": Jean-Guy Langelier, President and Head of the "Caisse Centrale Desjardins"; Huu Trung Nguyen, First Vice-President, Administration and Exploitation, "Caisse Centrale Desjardins"; Yves Morency, Secretary of Governmental Relations. From the "École des Hautes Études Commerciales": Jean Roy, Associate Professor of Finance. From the Entraide, Mutual Life Insurance Company: Gaëtan Gagné, President and CEO. From the "Institut québécois de planification financière": Réjean Ross, President; Anne-Marie Girard Plouffe, Executive Committee Member. From the Quebec Association for the Protection of Savers and Investors Inc.: Yves Michaud, President; Paul Lussier, Vice-President; Réjean Belzile, President of the Study Committee.
Round Table II
From the HGB Associates: Harry Baumann, President. From Montreal Automobile Dealers Corporation: Jacques Béchard, President and C.E.O., "Corporation des Concessionnaires d'Automobiles du Québec"; Gilles Richard, Former President, "Corporation des Concessionnaires d'Automobiles de Montréal" and President, Circuit Mercury (1977) Ltd.; Jean-Paul Lalonde, Vice-President, "Corporation des Concessionnaires d'Automobiles de Montréal" and President, Contact Pontiac Buick Inc.; Roxanne Longpré, Executive Vice-President, "Corporation des Concessionnaires d'Automobiles de Montréal".
From the Canadian Corporate Funding Limited: Paul J. Lowenstein, Chairman. From the "Coalition Québécoise pour le maintien des emplois et services bancaires personalisés": Gérard Larose, President; Jacques St-Amant, Analyst, "Option Consommateurs"; Serge Cadieux, "Syndicat Banque Laurentienne"; Clément Godbout, President, "Fédération des travailleurs et travailleuses du Québec (FTQ)"; Hans Marotte, "Mouvement Action-chômage".
In accordance with its mandate under Standing Order 108(2), the Committee resumed its study of the Report of the Task Force on the Future of the Canadian Financial Services Sector. (See Minutes of Proceedings dated Monday, September 21 1998, Meeting No. 106).
The witnesses from Round Table I made opening statements and answered questions.
At 12:15 p.m., the sitting was suspended.
At 1:15 p.m., the sitting resumed and Nick Discepola took the Chair.
The witnesses from Round Table II made opening statements and answered questions.
At 3:13 p.m., William Wisenthal made opening statement and answered questions.
Paul J. Lowenstein from Canadian Corporate Funding Ltd made an opening statement and answered questions.
At 3:35 p.m., the witnesses from the "Coalition Québécoise pour le maintien des emplois et services bancaires personalisés made opening statements and answered questions.
At 5:30 p.m., the Committee adjourned to the call of the Chair.
Jacques Lahaie
Clerk of the Committee
Roxanne Enman
Co-Clerk of the Committee