Skip to main content

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.

For an advanced search, use Publication Search tool.

If you have any questions or comments regarding the accessibility of this publication, please contact us at accessible@parl.gc.ca.

Previous day publication Next day publication

Minutes of Proceedings

44th Parliament, 1st Session
Meeting 36
Monday, April 4, 2022, 11:03 a.m. to 1:15 p.m.
Televised
Presiding
Peter Fonseca, Chair (Liberal)

Library of Parliament
• Sylvain Fleury, Analyst
• Michaël Lambert-Racine, Analyst
Canada Guaranty Mortgage Insurance Company
• Andrew Charles, President and Chief Executive Officer
• Curtis Gergley, Chief Risk Officer
Sagen Mortgage Insurance Company Canada
• Stuart Levings, President and Chief Executive Officer
• Craig Sweeney, Senior Vice-President and Chief Risk Officer
Pursuant to Standing Order 108(2) and the motion adopted by the committee on Wednesday, January 12, 2022, the committee resumed its study of study of inflation in the current Canadian economy.

Andrew Charles and Stuart Levings made statements and, with the other witnesses, answered questions.

Motion

Julie Dzerowicz moved, — That, given the increasingly unpredictable global economic outlook, exacerbated by the current geopolitical crisis in Europe and the resulting instability, it is vitally important the committee undertake a study focused on strengthening our internal economy by harmonizing regulations among the provinces and territories and eliminating barriers to the free movement of people, goods, and services and that:

  1. The study consists of at least five meetings, with each meeting lasting no less than two hours;
  2. Witnesses, including Stephen Poloz, Special Advisor at Osler, Hoskin & Harcourt LLP, Goldy Hyder, Chief Executive Officer of the Business Council of Canada, Professor Trevor Tombe, Statistics Canada, and other key relevant federal, provincial, and territorial leaders be invited to give testimony;
  3. The Chair be empowered to set timelines for witness recommendations from committee members; and to schedule witness appearances;
  4. The committee present a report on this study with its recommendations to the House as soon as possible.

On motion of Julie Dzerowicz, it was agreed, — That the debate be now adjourned.

Questioning of the witnesses resumed.

Motion

Sophie Chatel moved, — That the committee undertake a study on the current state of play on (a) “green finance”, (b) “green investment”, (c) “transition finance”; and (d) transparency, standards and taxonomy.

That this study consist of:

a. At least five meetings, with each meeting lasting no less than two hours;

b. Witnesses, including:

  • representatives from the OECD Centre on Green Finance and Investment, the United Nations Environment Programme (UNEP), and other key relevant federal, provincial and territorial, and international leaders;
  • Mr. Peter Routledge, Superintendent, Office of the Superintendent of Financial Institutions;
  • Ms. Kathy Bardswick, Sustainable Finance Action Council;
  • Ms. Barbara Zann, Mr. Mark Carney and Mr. Dan Breznitz as individuals;
  • International Sustainability Standards Board.

That the Chair be empowered to set timelines for witness recommendations from Committee members, and to schedule witness appearances; and

That the committee present a report on this study with its recommendations to the House not later than Friday, June 17th, 2022.

Motion

Sophie Chatel moved, — That the debate be now adjourned.

Questioning of the witnesses resumed.

At 12:33 p.m., the sitting was suspended.

At 12:36 p.m., the sitting resumed in camera.

The committee proceeded to the consideration of matters related to committee business.

It was agreed, — That the Chair be empowered to hold a meeting on the second constituency week in April to discuss the draft report on the Invocation of the Emergency Act and Related Measures.

It was agreed, — That the Governor of the Bank of Canada be invited to appear on Monday, April 25, 2022.

It was agreed, — That the Chair schedule a meeting to discuss the draft report on the Invocation of the Emergency Act and Related Measures study on Thursday, April 28, 2022.

It was agreed, — That the Chair schedule a meeting to initiate a pre-study on the Budget Implementation Act for Monday, May 2, 2022 if the Budget Implementation Act is presented in the House and, that the Deputy Prime Minister and Minister of Finance be invited to appear with her officials on the Budget Implementation Act.

It was agreed, — That, if the Budget Implementation Act is not presented in the House by Monday May 2, 2022, that the meeting be on the Inflation in the Current Canadian Economy.

At 1:15 p.m., the committee adjourned to the call of the Chair.



Alexandre Roger
Clerk of the committee