Wednesday, October 27, 2010

On giveaways

And this is why we're learning not to trust the Cons when it comes to jobs (even if the Libs may be no better):
A free-trade agreement between Canada and the European Union would deal another blow to Canada’s already battered manufacturing sector, wiping out thousands of jobs in food processing, apparel making and the auto industry, according to an analysis of a potential agreement that will be released Wednesday.

Canada, which has run an annual trade deficit of $19-billion with the EU, on average, for the past 10 years, would lose 28,000 jobs – most of them in manufacturing – if tariffs were eliminated, says a study done by Canadian Auto Workers economist Jim Stanford for the Canadian Centre for Policy Alternatives (CCPA).
...
The loss of 28,000 jobs is the best-case scenario in Mr. Stanford’s study. The worst-case scenario is the elimination of tariffs, plus the Canadian dollar maintaining the 18-per-cent appreciation in value against the euro it has averaged this year compared with where the currencies were trading when negotiations on a deal were announced in March, 2009.

Under those assumptions, a Canada-EU free trade agreement vaporizes more than 152,000 jobs.

No comments:

Post a Comment