Mr. Speaker, the very generous deals signed today with Newfoundland and Labrador and Nova Scotia are piecemeal deals which completely distort the formula and objectives of equalization, presenting a picture of the provinces' fiscal capacity that is not consistent with the reality.
Will the Minister of Finance admit that he has completely totally contorting the rules of equalization and that he is making it blatantly clear that a major fiscal imbalance does exist in Canada?