Mr. Speaker, like the throne speech, last week's economic statement said that all increases in equalization payments would be capped at the rate of overall growth in the economy. This totally contradicts the October 10 side deal made with Nova Scotia and Newfoundland and Labrador. This deal has a formula that guarantees a 3.5% increase in equalization every year for 15 years.
This is the second time I have asked this. Will the minister stand and ensure that Nova Scotia and Newfoundland and Labrador have an exemption from this cap on equalization increases?