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View Cathay Wagantall Profile
CPC (SK)
View Cathay Wagantall Profile
2020-03-10 13:15 [p.1871]
Mr. Speaker, a unanimous motion passed at the international trade committee requested that the member's government release its economic impact analysis for CUSMA. It was not provided until one day before the clause-by-clause was conducted.
The government's economic impact report compared CUSMA to not having a NAFTA deal at all. What this says is that the government wanted Canadians to believe that any trade deal, no matter how unbalanced or restrictive at this point in time, would be better than nothing at all. However, the C.D. Howe Institute released a report comparing CUSMA to the old NAFTA on February 21. It shows that this would reduce Canada's GDP by $14.2 billion and Canada's exports to the U.S. would fall by $3.2 billion, while our imports from the U.S. would increase by $8.6 billion.
How does the member see this as a fair deal for Canada?
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