Mr. Speaker, an impasse that needs to be resolved now is on equalization.
For 14 months, provinces have operated believing that 100% of non-renewable natural resources with no caps will be out of the equalization formula. Second, they believed that no province would be adversely affected by the Prime Minister's directive. Newfoundland and Labrador and Saskatchewan, however, are being negatively affected by a broken promise to the tune of over $1 billion.
Will there be full compensation to Newfoundland and Labrador, to Saskatchewan, to Nova Scotia, and to B.C., yes or no?