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165,000 factory jobs lost
Year Published: 1990Resource Type: Article Cx Number: CX4092 Abstract: Canada lost 165,000 manufacturing jobs in the first year of free trade, according to Statistics Canada. This amounts to almost 6 per cent of the sector's total work force. Statistics also reveal that the trend is accelerating. In May 1990 alone, 43,000 factory jobs vanished. Manufacturers tend to place the blame primarily on high interest rates, while trade unions see free trade as being the main culprit. In either case, the figures indicate that the free trade era has been something of an economic disaster. Many of the job losses are expected to be permanent. Subject Headings |