Madam Speaker, I thank my hon. colleague for his question. With respect to how equalization is calculated, I would just like to say that the Minister of Finance met in Saskatoon with all his provincial colleagues before the holidays. He apprised them of the changes to be made to the equalization formula.
That having been said, Quebec's Minister of Finance described the approach at the time as a reasonable one. In a nutshell, Quebec will continue to receive larger equalization payments.