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INDU Committee Meeting

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Minutes of Proceedings

Standing Committee on Industry and Technology (INDU)
44th Parliament, 1st Session
Meeting 72
Monday, May 8, 2023, 3:46 p.m. to 5:31 p.m.
In Camera
Presiding
Joël Lightbound, Chair (Liberal)

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• Charles Sousa for Iqwinder Gaheer (Liberal)
Library of Parliament
• Sarah Lemelin-Bellerose, Analyst
Bill C-34, An Act to amend the Investment Canada Act
Department of Industry
• Mark Schaan, Senior Assistant Deputy Minister, Strategy and Innovation Policy Sector
• Charles Vincent, Assistant Deputy Minister, Small Business and Marketplace Services
• James Burns, Senior Director, Investment Review Branch
• Jamieson McKay, Director General, Investment Review Branch
• Mehmet Karman, Senior Policy Analyst, Investment Review Branch
Pursuant to the order of reference of Monday, April 17, 2023, the committee resumed consideration of Bill C-34, An Act to amend the Investment Canada Act.

The witnesses made statements and answered questions.

At 5:07 p.m., the sitting was suspended.

At 5:12 p.m., the sitting resumed.

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

It was agreed, — That, pursuant to Standing Order 108(2), the committee undertake meetings to study the proposed takeover of HSBC’s Bank Canada by the Royal Bank of Canada (RBC), which is the largest proposed acquisition in the banking sector since RBC’s proposed takeover of the Bank of Montreal was rejected by regulators.

At 5:31 p.m., the committee adjourned to the call of the Chair.



Michael MacPherson
Clerk of the committee