Mr. Speaker, I thank the hon. member for his question.
The question of equalization is one with respect to which provinces have differing opinions and comments. We are looking forward to the release of the O'Brien report within the next week or so which was commissioned by the former government.
We are looking forward to having an opportunity to review that in some detail. I am sure the provinces and territories will wish to do the same thing. We will then have the report by the big city mayors. We will then have a meeting of the finance ministers of the provinces and territories and the federal government. So there will be much to discuss and review as we go forward.