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Apr 29, 2007

Canada's Free Trade Failures

More than 50% of Canada's shipments to the U.S. are oil, gas and raw materials like lumber.

Last July, we wrote about how the U.S. shafted Canada in a softwood deal. America has consistently beat Canada in trade negotiations, and outperformed the Great White North in gaining new free trade partners.

The recently released documentary Hoodwinked: The Myth of Free Trade shows how America has used free trade to strengthen U.S. head office revenues at the expense of Canada's sovereignty and standard of living. The movie includes celebrity analyses, including insights from former Prime Minister John Turner and strategist Dalton Camp.

The Ottawa screening featured lively and passionate discussions. Questions that the free trade documentary addresses include "Is Tim Horton's really Canadian?"

As for Canada's trade negotiators, the movie shows that Canada has agreed to ridiculous terms that no self-respecting nation would have agreed to.

Who would have thought that a relatively wealthy country like Canada would become the door mat of international trade.

But maybe that's the problem. Canada has a too-rich upperclass with a too-little understanding of how business works in the real world.

Stay tuned. I'll attend Toronto's premier of the movie and report back on both the content and discussions after the documentary.

This just in! Read the most important insights from the premier. Note that I was able to sit beside former Canadian Prime Minister John Turner during the film presentation and following discussions.




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