Prime Minister Justin Trudeau sits beside Manitoba Premier Heather Stefanson, left, and Québec Premier François Legault, right, as he meets with Canada’s premiers in Ottawa in February 2023. THE CANADIAN PRESS/Sean Kilpatrick

Canada’s federal transfer payment system badly needs a tune‑up

Modernizing Canada’s fiscal arrangements is necessary to overcome considerable challenges that are impacting the country’s finances, including an aging population and climate change.

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