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Is Canada’s latest NAFTA strategy too ‘insidious and crafty?’
In Book IV, Chapter 2 of The Wealth of Nations, where he enumerates the benefits of free international trade, Adam Smith leaves only a tiny role for governments. He says the United Kingdom should support its merchant marine because ...
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Exchange rates can overreact to news reports including NAFTA buzz
This week a report stating that the Canadian government is increasingly convinced that President Trump will pull the United States out of NAFTA was credited with causing the Canadian dollar to drop from a closing value on Jan. 9 of US$ ...
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Trump’s NAFTA demands, while politically challenging, may ultimately enhance trade environment
In its recently released 16-page document, the Trump administration announced its specific negotiating objectives for the upcoming NAFTA renegotiation process. The document states at the outset its objective to reduce the U.S. trade ...
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NAFTA renegotiation—Canada should brace for a troubling list of demands
Last week, the newly appointed U.S. trade representative, Robert Lighthizer, wrote to Congressional leaders in both the House of Representatives and the Senate to officially give notice that President Trump will initiate negotiations ...
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The case for free trade should not rely on mercantilism
Writing in the Globe and Mail recently, Colin Robertson, vice-president of the Canadian Global Affairs Institute, makes a good case for a bold approach by Canada’s government if NAFTA is to be renegotiated. Unfortunately, he misses a ...