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. This study finds a free trade agreement would make that imbalance worse.
The study 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 watch a video based on this study.