Word: canadas
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Dates: during 1980-1989
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...margin amounted to a firm endorsement of the issue that totally dominated the campaign: the Canada-U.S. Free Trade Agreement. Signed by Mulroney and Ronald Reagan last January and passed by the U.S. Congress, the accord will bind the world's largest bilateral trading relationship -- last year's value was about $132.5 billion -- into a single duty-free market within ten years. Two days after the triumph, the Prime Minister's office announced that Parliament would meet Dec. 12 to approve the pact...
...free-trade deal could prove to be the key economic event of the decade for both countries. Economists have estimated that by 1999 Canada could have added 2% to 3% to its gross national product under the agreement, and the U.S. about 1% to its GNP. Equally important, the accord is expected to provide impetus for free trade globally at a time when protectionist forces are on the rise...
This time, says Michael McCracken, president of Informetrica, an Ottawa- based economic-research firm, "the Canadian voter took a leap of faith, opting for trade liberalization and to move against an inward-looking, anti- American approach to the economy." In effect Mulroney's victory amounted to an affirmation that Canada's identity and sovereignty are sturdy enough to survive a closer economic embrace with its best friend and neighbor...
Contrariness over the trade issue reached a peak on Oct. 25, during the second of two nationally televised debates between the party leaders. In that confrontation, and throughout the 26 remaining days of the campaign, Turner described Mulroney as a man willing to "sell out" Canada and reduce the country to an "economic colony...
Smelling advantage, Turner persistently -- and with no hard evidence to back up his claims -- warned that ratification of free trade would lead to U.S. and Canadian pressure to reduce Canada's comprehensive system of medicare and generous old-age pensions. Other opponents of free trade, many of them organized in the activist coalition known as the Pro-Canada Network, published a pamphlet that featured cartoons of, among other things, Mulroney pledging allegiance in front of the Stars and Stripes. A pro-Mulroney heckler who showed up at a Turner rally in Montreal was beaten bloody, an incident that shocked...