TORONTO—Canada’s equalization program is not designed to handle the dramatic fiscal changes among provinces happening today, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“As the fortunes of provincial economies change, the equalization program—in its current form—can’t adapt to reflect these changes,” said Ben Eisen, Fraser Institute senior fellow and co-author of Equalization and Stabilization post-recession: Is Canada ready?
