Canadian Auto Workers president Ken Lewenza is raising serious objections to the new free trade discussions with Japan, charging that a free trade deal with Japan is unnecessary and would hurt the Canadian economy.
The government proposes to levy a heavy retrospective tax on some international mergers that would allow it to tax any overseas merger dating back to 1962 when an underlying Indian asset was transferred.
The Opposition NDP is asking the federal government to lift what it argues is a veil of secrecy over one of the largest free-trade deals in this country's history.
An impending trade deal with Europe could spell the end of procurement strategies like the one used to award the $25-billion shipbuilding contract to Irving Shipbuilding Inc. in Halifax.
Japan and Canada are preparing to begin negotiations on a free trade agreement and may possibly reach an initial accord by the end of this month on holding the talks, sources close to the matter said Wednesday.
Canada is a trading nation, with one-third of our Gross Domestic Product (GDP) coming from our exports. Of course, it should come as no surprise that the U.S. and Mexico make up a large proportion of this trade (approximately 76 per cent).