72,000 jobs said lostYear Published: 1990
Resource Type: Article
Cx Number: CX3906
Abstract: The Pro-Canada Network, a coalition of labour, farming, women's, church and environmental groups opposed to free trade, has estimated that 72,000 jobs were lost due to free trade in the first year of the deal. The vast majority of jobs affected, according to the Pro-Canada Network, were firms that closed or scaled down operations to relocate them in the United States or Mexico. According to Duncan Cameron, the first nine months of 1989 alone also saw $12.6 billion worth of mergers, buyouts, or takeovers of Canadian firms by foreign companies. By comparison, there had been $3 billion worth in all of 1988.