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RBC study revisits Canada-U.S. Free Trade Agreement on 20th
anniversary of accord
TORONTO, October 2, 2007 — On the 20th anniversary
of the Free Trade Agreement (FTA) and in cooperation with
Policy Option Magazine, RBC has issued an updated study debunking
myths that were prevalent at the time the FTA was adopted.
The study appears in this month's edition of Policy Option
Magazine published today, and is available on the RBC website
at www.rbc.com/newsroom.
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What:
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An economic study that examines a wide range of data
showing Canada's economic performance before and after
free trade - dismissing eight FTA myths, including:
- Production would shift south
- Exports would evaporate
- Why invest in Canada?
- Politics would require a strong Canadian dollar
- Jobs would dry up
- Canada is for sale
- Canadian businesses would be hard-pressed to restructure
- Governments would see their tax bases shrivel
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Who:
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Craig Wright, RBC's Chief Economist and Derek Holt,
RBC's Assistant Chief Economist are available for interviews.
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For a full copy of the report, please visit www.rbc.com/newsroom.
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For more information, please contact:
Jackie Braden, (416) 974-2124
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