Mr. Speaker, I will be brief, but I wanted to make some comments about what we just heard.
During question period, the finance minister indicated that he will be meeting his counterparts as early as next weekend to try to reach an agreement on equalization. He did not promise that an agreement would be reached, but he did not say either that it would not happen.
We have to give the provincial and territorial finance ministers as well as our own finance minister time to try to reach a new agreement to set up a new equalization scheme and hopefully meet everyone's expectations.
If a new agreement cannot be reached before the end of March, that is at the end of the current fiscal year, we would find ourselves in a situation where the current program would expire. The bill before the House would extend the equalization program for an additional fiscal year, under the same terms and conditions, so that we can continue operating without any problem. However, should an agreement be reached, it could be retroactive to the beginning of the 2004-05 fiscal year.
I do not see why some people are against this bill, since we have said that we are willing to talk with the provincial governments, with our finance minister's counterparts, to determine if an agreement is possible. There is no other way about it.
If we do not want the equalization payments to stop, then we need some kind of interim measure. This is what we are proposing, all the while hoping that a new five-year equalization agreement can be reached so that provinces can more adequately plan their operations.
I do not understand why there is so much opposition to a bill that is so badly needed and would not hurt anyone.