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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 148
Tuesday, June 11, 2024, 11:06 a.m. to 1:02 p.m.
Peter Fonseca, Chair (Liberal)

• Dave Epp for Jasraj Singh Hallan (Conservative)
• Randy Hoback for Jasraj Singh Hallan (Conservative)
• Arielle Kayabaga for Ryan Turnbull (Liberal)
• Denis Trudel for Gabriel Ste-Marie (Bloc Québécois)
Library of Parliament
• Joëlle Malo, Analyst
Royal Bank of Canada
• Robert Hogue, Assistant Chief Economist
BMO Bank of Montreal
• Robert Kavcic, Senior Economist
Office of the Superintendent of Financial Institutions
• Peter Routledge, Superintendent
TD Bank Group
• Rishi Sondhi, Economist, TD Economics
• Rebekah Young, Vice-President, Head, Inclusion and Resilience Economics
Pursuant to Standing Order 108(2) and the motion adopted by the committee on Thursday, September 21, 2023, the committee resumed its study of policy decisions and market forces that have led to increases in the cost of buying or renting a home in Canada.

Peter Routledge made a statement and answered questions.

On motion of Gabriel Ste-Marie, it was agreed, — That the written response document received by the Bank of Canada and distributed by the clerk on Friday, June 7, 2024, be made public.

Questioning of the witness resumed.

At 12:01 p.m., the meeting was suspended.

At 12:09 p.m., the meeting resumed.

Robert Kavcic, Robert Hogue, Rebekah Young and Rishi Sondhi made statements and answered questions.

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


Dave Epp moved, — That the committee order a fully unredacted copy of the government’s economic analysis on the impact of the federal fuel charge and the output-based pricing system, referenced as information request IR0776 in the Department of Environment and Climate Change Canada’s letter to the Parliamentary Officer dated May 14, 2024, and given that this information is already produced, the committee order this file within 24 hours of this motion being adopted and report this finding to the House.

Debate arose thereon.


Yvan Baker moved, — That the debate be now adjourned.

The question was put on the motion and it was agreed to on the following recorded division:

YEAS: Yvan Baker, Élisabeth Brière, Don Davies, Julie Dzerowicz, Francesco Sorbara, Joanne Thompson — 6;

NAYS: Adam Chambers, Dave Epp, Philip Lawrence, Marty Morantz, Gabriel Ste-Marie — 5.

At 1:02 p.m., the committee adjourned to the call of the Chair.

Alexandre Roger
Clerk of the committee