Mr. Speaker, my question is for the Minister of Finance. When the minister was in Newfoundland during the recent campaign, and I thank him for his help, he promised to look into the present equalization and clawback arrangements with the province. He said he would discuss the present formulas with the other provinces.
What progress has the minister made in ensuring that provinces such as Newfoundland can get on their feet by allowing them to benefit economically from the development of their own resources?