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Canada to See ‘modest’ Gains from Trade Deal with Europe: Budget Watchdog

Posted May 02, 2017

Under Economic Issues, International Trade Issues

(Canadian Press)

The federal budget watchdog says Canada’s free-trade pact with Europe will produce modest economic gains that work out to an average annual income boost of $220 per Canadian.

The parliamentary budget office estimates the trade deal would have lifted Canada’s overall economic output in 2015 by 0.4 per cent or $7.9 billion, if it had been implemented.

The report says Canadian exports of goods to the EU would have increased $4 billion, services would have been up $2.2 billion and investment would have grown by $3.1 billion. Click here to read more.