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
Jasraj Singh Hallan moved, — That in light of the recent Equifax Canada report on increasing mortgage delinquencies and bankruptcies, the committee invite the Superintendent of Bankruptcies, Finance Canada officials, the Chief Economist of the Canadian Mortgage and Housing Corporation, Equifax Canada, and any other witnesses deemed relevant by the committee, and the Deputy Prime Minister and Minister of Finance to appear separately for no fewer than two hours. That the testimony and documents tabled from these meetings be included as part of the committee’s study on the impact of inflation and interest rates on mortgages in Canada.
Debate arose thereon.
At 11:24 a.m., the sitting was suspended.
At 12:03 p.m., the sitting resumed.
Julie Dzerowicz moved, — That the motion be amended by deleting the words “for no fewer than two hours”.
Debate arose thereon.
The question was put on the amendment of Julie Dzerowicz and it was agreed to on the following recorded division:
YEAS: Yvan Baker, Julie Dzerowicz, Francis Scarpaleggia, Gabriel Ste-Marie, Joanne Thompson, Patrick Weiler — 6;
NAYS: Daniel Blaikie, Adam Chambers, Jasraj Singh Hallan, Philip Lawrence, Marty Morantz — 5.
The debate continued on the motion as amended.
The question was put on the motion, as amended, and it was agreed to on the following recorded division:
YEAS: Yvan Baker, Daniel Blaikie, Adam Chambers, Julie Dzerowicz, Jasraj Singh Hallan, Philip Lawrence, Marty Morantz, Francis Scarpaleggia, Gabriel Ste-Marie, Joanne Thompson, Patrick Weiler — 11;
NAYS: — 0.
The motion, as amended, read as follows:
That in light of the recent Equifax Canada report on increasing mortgage delinquencies and bankruptcies, the committee invite the Superintendent of Bankruptcies, Finance Canada officials, the Chief Economist of the Canadian Mortgage and Housing Corporation, Equifax Canada, and any other witnesses deemed relevant by the committee, and the Deputy Prime Minister and Minister of Finance to appear separately. That the testimony and documents tabled from these meetings be included as part of the committee’s study on the impact of inflation and interest rates on mortgages in Canada.
Daniel Blaikie moved, — That the committee do now adjourn.
The question was put on the motion and it was agreed to on the following recorded division:
YEAS: Yvan Baker, Daniel Blaikie, Julie Dzerowicz, Francis Scarpaleggia, Gabriel Ste-Marie, Joanne Thompson, Patrick Weiler — 7;
NAYS: Jasraj Singh Hallan, Marty Morantz — 2.
At 12:15 p.m., the committee adjourned to the call of the Chair.