Mr. Speaker, in dealing with fiscal issues between Canada and the provinces, I am very pleased to say that federal transfers to the provinces are now at an all time record high, and they are rising. In some of those transfers, like health, for example, we have a built-in escalator at 6% a year. With respect to equalization, we also have a built-in escalator at 3.5% per year.
On all fronts, the transfers of the federal government to the provinces are now at a higher level than they have ever been in history, and they will continue to rise year over year.