RBC study revisits Canada-U.S. Free Trade Agreement on 20th anniversary of accord
On the 20th anniversary of the Free Trade Agreement (FTA) and in cooperation with Policy Option Magazine, RBC has issued an updated study debunking myths that were prevalent at the time the FTA was adopted. The study appears in this month’s edition of Policy Option Magazine published today, and is available on the RBC website at www.rbc.com/newsroom.
An economic study that examines a wide range of data showing Canada’s economic performance before and after free trade - dismissing eight FTA myths, including:
Production would shift south
Exports would evaporate
Why invest in Canada?
Politics would require a strong Canadian dollar
Jobs would dry up
Canada is for sale
Canadian businesses would be hard-pressed to restructure
Governments would see their tax bases shrivel
Craig Wright, RBC’s Chief Economist and Derek Holt, RBC’s Assistant Chief Economist are available for interviews.
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