Alberta ran a $3.1 billion deficit in 2012/13—when oil prices were over US$80 per barrel.
Quebec has received equalization every year since the program’s inception in 1957.
Successive governments have increased spending faster than the rate of economic growth or inflation-plus-population.
Equalization makes for a handy scapegoat, but successive Alberta governments have no one to blame but themselves for the province’s fiscal problems.
The gap between richer and poorer provinces has been shrinking.
Ontario and Quebec now receive approximately 70 per cent of all equalization payments.
New Brunswick Premier Brian Gallant, seems poised to follow through on a campaign promise to institute a moratorium on hydraulic fracturing.