The news that Canada has reached a deal on a new free trade agreement with the remaining ten TPP countries is no game changer since, even in the long term, the boost to Canadian GDP will be a trivial 0.1%. Nevertheless, like the earlier CETA agreement with the European Union, it does illustrate that Canada is taking steps to become less dependent on its southern neighbour and, at the margin, this might give it a slightly stronger hand to play in the current NAFTA negotiations with the US.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services