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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

44th Parliament, 1st Session
Meeting 111
Thursday, October 26, 2023, 11:01 a.m. to 1:06 p.m.
Webcast
Presiding
Peter Fonseca, Chair (Liberal)

Library of Parliament
• Brett Capwell, Analyst
• Mehrab Kiarsi, Analyst
As an individual
• Mark Purdon, Professor, Chair in Decarbonization, University of Quebec in Montréal
Assembly of First Nations
• Joanna Bernard, Interim National Chief
• Julie Pellerin, Senior Director, Economic Development and Infrastructure Branch
Business Council of Canada
• Robert Asselin, Senior Vice-President, Policy
Cannabis Council of Canada
• George Smitherman, President and Chief Executive Officer
Fintechs Canada
• Alexander Vronces, Executive Director
Oxfam-Québec
• Diana Sarosi, Director, Policy and Campaigns, Oxfam-Canada
• Léa Pelletier-Marcotte, Policy Analyst
Pursuant to Standing Order 83.1, and the motion adopted by the committee on Thursday, June 8, 2023, the committee resumed its pre-budget consultations in advance of the 2024 Budget.

Mark Purdon, Joanna Bernard, Robert Asselin, George Smitherman, Alex Vronces, Diana Sarosi and Léa Pelletier-Marcotte made statements and, with Julie Pellerin, answered questions.

At 12:26 p.m., the sitting was suspended.

At 12:27 p.m., the sitting resumed.

Motion

Jasraj Singh Hallan moved, — That the committee concur in and report to the House of Commons the comments made by the Governor of the Bank of Canada on October 25, 2023, when he said quote, “We expect government spending to grow at 2.5 per cent. What that means is, if all those spending plans are realized, government spending will be adding to demand more then to supply is growing and in an environment where we are trying to moderate spending and get inflation down, that’s not helpful”.

RULING BY THE CHAIR

The Chair ruled the proposed motion inadmissible as it did not pertain directly to business under consideration and therefore, proper notice was not given to members of the committee.

Whereupon, Philip Lawrence appealed the decision of the Chair.

The question: "Shall the decision of the Chair be sustained?" was put and the decision was sustained on the following recorded division:

YEAS: Yvan Baker, Rachel Bendayan, Daniel Blaikie, Julie Dzerowicz, Gabriel Ste-Marie, Joanne Thompson, Patrick Weiler — 7;

NAYS: Adam Chambers, Jasraj Singh Hallan, Philip Lawrence, Marty Morantz — 4.

Questioning of the witnesses resumed.

At 1:06 p.m., the committee adjourned to the call of the Chair.



Alexandre Roger,
Alexandre (Sacha) Vassiliev
Clerks of the committee