That, in the opinion of the House, the government should immediately renounce two measures contained in the recent budget: ( a) establishing a national securities commission, because establishing such a commission would constitute an intolerable intrusion into Quebec’s jurisdiction, and the current passport system functions very well; and( b) unilaterally amending the equalization formula, since the Prime Minister, in a letter to the Premier of Quebec dated March 19, 2007, promised that transfers to the provinces would be predictable and long term, and should also comply with the government of Quebec’s request to give the revenues generated by Hydro-Québec’s transmission and distribution activities the same treatment, regardless of the equalization calculation, as that given Hydro One’s revenues.
