The formula used to calculate federal equalization payments is a political choice heavily influenced by electoral considerations in Quebec. As for investments and profits flowing to the United States, federal policy has also encouraged these types of investments.
I have proposed strategically restructuring incentives to encourage our European and Indo-Pacific partners to invest in Canada. We need to strategically reorient our approach. In other words, this isn't necessarily the way it should be done. It's also a political choice that we, as Canadians, made at the federal level.