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Industry committee  Diane Urquhart's research has done it, actually. You've already had her before, but we could get it to you.

November 18th, 2010Committee meeting

Joel Harden

Industry committee  I sound like a broken record, but we really need to have the peer-reviewed facts guide us on what the actual impact will be. By this measure, if we believe that any strengthening on the back end with bankruptcy law or on the front end with pension regulation would constrict capit

November 18th, 2010Committee meeting

Joel Harden

Industry committee  There always is.

November 18th, 2010Committee meeting

Joel Harden

Industry committee  There always is, but I'm saying that the vast majority of players I speak with want to fund their pension plans well. Unfortunately, we have to build the back end of the system and the front end of the system to deal with the AbitibiBowaters, the Nortels, and the pulp and paper m

November 18th, 2010Committee meeting

Joel Harden

Industry committee  We're singing from the same hymn book. The fact of the matter is that we are a laggard jurisdiction in the world. We do have a choice. The Government of Quebec has taken the first step in creating bankruptcy procedures to allow orphaned pension plans a home in the case of a Nor

November 18th, 2010Committee meeting

Joel Harden

Industry committee  I think that at the end of the day, the facts you're going to extract from your witnesses should guide your thinking. What I'm encouraged by in this moment is that we've had a positive dialogue with all parties on the Hill around the need to do something about pension security. M

November 18th, 2010Committee meeting

Joel Harden

Industry committee  It's the people's government. It's had to deal with the asset-backed commercial paper crisis, which threatened to imperil the entire economy. That had nothing to do with bankruptcy law. That had to do with speculative interests in our economy threatening the integrity of the whol

November 18th, 2010Committee meeting

Joel Harden

Industry committee  I'd prefer a chance at a future question to elaborate on that, Mr. Chair.

November 18th, 2010Committee meeting

Joel Harden

Industry committee  The only thing that's very clear is that in terms of the over-the-counter derivatives market and the insurance for those derivative products, nobody can say who holds what, because it's not regulated or listed anywhere. It's impossible to say that there are no Canadian companies

November 18th, 2010Committee meeting

Joel Harden

Industry committee  Thanks for the question. We rely on the research we think is bona fide and peer reviewed. At this committee you're all engaged political folks, so you can distinguish between positioning and bargaining and fact. The fact I've been made familiar with--I and my counterparts at oth

November 18th, 2010Committee meeting

Joel Harden

Industry committee  What I can tell you is that in the current marketplace we have, there is one priority for people who are actually producing the wealth in the communities--working hard, getting up in the morning, and doing their job--and then there's another set of priorities for employers, some

November 18th, 2010Committee meeting

Joel Harden

Industry committee  I'll have the first kick at the can and in the interest of honesty say something that I think is true for all parties at this table. What we're dealing with often in a situation like Nortel's is a company that has taken advantage of weak funding rules, in contrast to a lot of i

November 18th, 2010Committee meeting

Joel Harden

Industry committee  Thank you, Mr. Chair. My name is Joel Harden. I'm the registrar for the Labour College of Canada, and today I'm also a representative of the Canadian Labour Congress. It's a pleasure to be here. We work for 3.2 million members in the country. I've had the opportunity to tal

November 18th, 2010Committee meeting

Joel Harden