Canada already has a large bilateral trade deficit with the EU—$15 billion in goods and close to $4 billion in services, and loses some 70,000 jobs as a result. A new CCPA study by Jim Stanford finds a free trade agreement would make that imbalance worse.
Out of Equilibrium: The Impact of EU-Canada Free Trade on the Real Economy models three scenarios to provide a range of estimages regarding the likely impacts of EU-Canada free trade. In every case, Canada's bilateral trade balance worsens significantly. The simulations suggest an incredmental loss of between 28,000 and 150,000 Canadian jobs.
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