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FTA: The Cause Of Unemployment In Canada

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FTA: The Cause Of Unemployment In Canada
Despite concerns regarding unemployment caused by FTAs, they also create employment opportunities. As the demand for goods and services increases because of the convenience of trade, more labour is required to deliver and perform these goods and services. The Canada-United States Free Trade Agreement had caused a controversy at the time it was being introduced because people believed it would lead to high unemployment. However, it was insisted that free trade was Canada’s only way to create new jobs, and it was said approximately 500,000 jobs would be created as a result of the FTA (Watts, 2000). The demand for goods and services from Canada was expected to rise significantly by entering this FTA. Employees were asserted they would not lose
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