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Right Tools Hard to Find for Canadian Firms Under FTA
University of Quebec economist Pierre Fortien warns that high Canadian dollar, higher borrowing costs, and a heavy tax burden threaten Canadian firms under the Canada U.S. free trade agreement. He cites 20 percent lost competitiveness versus the U.S., a 4.1 percent public deficit, and 41 percent tax take, arguing risks of protectionism and backlash if reforms lag.
MENTIONED IN THIS ARTICLE
Montreal
University of Quebec
Pierre Fortien
FTA
Canada
Fortien
McGill University
U.S