The TPP: Bad for Canada!

Canada among the most Sued Countries by Corporations

Canada is the most-sued country under the North American Free Trade Agreement and a majority of the disputes involve investors challenging environmental laws, according to a new study from the Canadian Centre for Policy Alternatives. Over 70 per cent of claims since 2005 have been brought against Canada, and the number of challenges under NAFTA’s settlement clause is rising sharply. A Huffington Post story by Sunny Freeman on the CCPA report says that the investor-state dispute settlement mechanism contained in NAFTA’s chapter 11 grants investors the right to sue foreign governments without… Read More

TPP Will Cost Canada 58,000 Jobs, Won’t Grow Economy

TPP

Even the loudest advocates of the Trans-Pacific Partnership concede that the macroeconomic benefits for Canada will be small, as we have written before. Canada’s former trade minister promised a $3.5 billion boost to the Canadian economy—a fraction of a percent—if the massive trade treaty goes ahead. The most optimistic forecasts, including a recent report from the World Bank, point to an increase of around 1% to the Canadian economy by the year 2030. Nevertheless, business groups, right wing think tanks and other TPP cheerleaders have been singing the deal’s praises, downplaying its clear harms and calling for its timely ratification. These… Read More

Trade Minister Says Renegotiation of TPP Not Possible

A renegotiation of the Trans-Pacific Partnership trade deal is not possible even though serious concerns may be raised during public consultations, Canada’s trade minister said Thursday. “The negotiations are finished and for Canadians it’s important to understand that it’s a decision of yes or no,” Chrystia Freeland told reporters Thursday after receiving varied feedback at a meeting at the University of Montreal. Freeland said the treaty negotiated by the Harper government during the election campaign is very complicated, involving 12 countries along the Pacific Rim that make up 40 per cent of… Read More