However this CBC story contains a glaring factual error that needs to be corrected.
This means the province will no longer have control of offshore oil profits, but it said it chose the short-term federal funding to avoid tax increases and program cuts.Sheer bunk. The Nova Scotia government sets and collects its own offshore revenues. It controls them now and it will continue to control them as long as its accord with Ottawa (from the 1980s) remains in place.
The feds have given Nova Scotia a one year grace period in which to take the Equalization option that gives the province the greatest return.
Meanwhile in Newfoundland and Labrador, the provincial government continues to moan about the whole Equalization business without demonstrating that the province has lost anything at all. The radio call-ins shows are full of complaints and talk of separation but not a single caller so far - including the Premier's parliamentary secretary and several cabinet ministers - could make any factual statements.
