Mr. Speaker, it gives me great pleasure to rise today to celebrate the 50th anniversary of the Canadian Institute of Actuaries. On March 18, 1965, federal Senate Bill S-45, sponsored by lawyer and actuary Senator Wallace McCutcheon, was given royal assent, thus creating the Canadian Institute of Actuaries.
For decades, actuaries working at the heart of some of the country's most important employers, including banks, pension plans, and insurance companies, have been a quiet, powerful force involved in building and strengthening Canadian business and society.
As experts in risk management, who are responsible for assessing the financial impact of uncertain future events and providing advice in that regard, their role has never been as important as it is today.
On March 18, the government, on behalf of all Canadians, would like to congratulate the institute on 50 years of actuarial excellence in Canada.