Dear Canada, free trade deals don’t make sense if you don’t sell things to your trade partners.
- Daniel Tencer
The conventional wisdom is that free trade deals are, on the whole, a net benefit to an economy. But that isn’t true if you don’t actually take advantage of the opportunities created by those deals.
Canada has grabbed few opportunities from its one-year-old Comprehensive Economic and Trade Agreement (CETA) with the European Union.
Twelve months in, it looks like European exporters are reaping all the benefits.
Canada’s merchandise trade deficit with the European Union jumped by 46 per cent in the first nine months of the…