Quebec reduced its debt-to-GDP ratio by 3.4 per cent.
The fiscal capacity gap between “have” and "have-not" provinces has shrunk from 27 per cent to 6 per cent.
The legislative resolution, not the referendum, will trigger the duty to negotiate.
Alberta ran a $3.1 billion deficit in 2012/13—when oil prices were over US$80 per barrel.
Quebec slammed the door on the resurrection of the Energy East pipeline.
The two biggest automatic stabilizers from Ottawa are income taxes and employment insurance payments.
Successive governments have increased spending faster than the rate of economic growth or inflation-plus-population.