Word: tradings
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Dates: during 1980-1989
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...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...
...more than a century has been defined in large measure by a rejection of closer economic ties with a more populous (246 million, vs. 26 million), richer and more assertive neighbor to the south. Twice in the past century, Canadian governments have lost elections on the issue of free trade with...
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...