Mr. Speaker, the phasing out of the excise tax on jewellery is very important for my riding. We have three diamond mines. We are major suppliers of diamonds to retailers in the south and around the world. We have made major partnerships with the jeweller Harry Winston. All of the jewellers across Canada are affected. We feel the value added connection to these other parts of the industry. Also, we felt strongly that it should happen. I personally felt the right way and the fiscally responsible way of doing this was through the budget. That is the way it was done. It was phased out.
On the equipment for compression and dealing with the pipeline, I think that is very critical. I think we are pre-emptive. We know that certain undertakings will happen and that we need to be prepared. It will be good news for the industry, good news for the north and good news for Canada.