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Catherine Callbeck

The Hon. Catherine S. Callbeck, B.Comm., B.Ed. Senator Catherine S. Callbeck was the first woman in Canada to be elected as Premier and was named as one of Canada's Top 100 Most Powerful Women in 2006. Appointed to the Senate on September 23, 1997, she represents the province of Prince Edward Island.

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Losses in Banking Community—Aid

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Statement made on 05 February 2008 by Senator Jerahmiel Grafstein (retired)

Hon. Jerahmiel S. Grafstein:

Honourable senators, I have a question for the Leader of the Government in the Senate.

In the last few months, we have witnessed the largest meltdown in charter bank equity and further losses due to derivatives or other similar financial instruments of questionable value.

Rumours abound in the marketplace that even more losses are in store for our chartered banks. Is the Government of Canada concerned about this unprecedented problem?

Please click here to read the full text of the Senator’s question

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