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A Canada-EU trade deal could cost thousands of Canadian jobs

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.

Click here to download the full report.

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