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1. Canada’s ‘Fiscal Stabilization’ program—what is it, and is it working well?

   The Trudeau government recently announced reforms to Canada’s contentious Fiscal Stabilization Program (FSP), which delivers payments to provinces that experience a sharp year-over-year decline in revenue. It’s useful to think of the FSP ...

2. Canada’s stabilization program overdue for a rethink

   Through Canada’s fiscal stabilization program (FSP), the federal government provides provinces (that experience a sharp downturn in revenue) with payments to help them cope with the shock. The FSP usually gets very little attention from ...

3. Equalization is broken and needs fixing now

   Appeared in the National Post, June 18, 2020 While the full extent of the damage is not yet known, the economic consequences of the COVID recession have been severe. Millions are now unemployed and countless businesses have been shuttered, some forever. ...

4. Equalization and Stabilization Post-Recession: Is Canada Ready?

   Is Canada’s existing system of federal transfers designed to respond adequately to economic volatility across the country and more precisely to rapid changes in relative income levels across provinces? The purpose of this paper is to investigate this ...