Mr. Speaker, I would like to congratulate my colleague for his excellent speech, which is truly in line with the motion presented this morning. The motion denounces two measures found in the budget which are totally unacceptable: the intention of the Conservative government to establish a single securities commission and a radical change in the equalization formula. The member also mentioned—and it is included in the motion—the inequity caused among other things by the decision of the Conservative government to consider the Hydro One revenues, in Ontario, as business revenues instead of revenues from natural resources. At the same time, the government decides not to grant the same tax benefit to Hydro-Québec. By the way, such a measure takes 250 million dollars away from Quebec.
Does my honourable colleague know why such an inequity exists? The question was put to the Minister of Finance at the Standing Committee on Finance yesterday, and he was unable to answer adequately. He simply said that Hydro One and Hydro-Québec had different operations. But, we know very well that two thirds of the operations of Hydro-Québec are exactly the same as Hydro One. They are transmission and distribution operations.
Does my colleague not see this as a measure which is completely unfavourable to Quebec and favourable to Ontario, once again?