Is the Canada, European Union Trade Deal Dead?

The video discusses the stalled trade deal between Canada and the EU, highlighting the role of Wallonia in blocking the agreement. The collapse of the deal could negatively impact various sectors, including the auto industry and agriculture, while benefiting Canadian dairy farmers. The complexity of EU negotiations and the current anti-globalization climate are cited as challenges. Additionally, Bombardier's announcement of significant job cuts in Canada and Europe is covered, emphasizing the shift from rail to jets.

What was the main reason for the trade deal between Canada and the EU being stalled?

• A lack of support from the EU

• A disagreement over agricultural tariffs

• Wallonia's opposition in Belgium

• Canada's withdrawal from negotiations

Which industry in Canada was expected to benefit from the removal of industrial tariffs?

• Pharmaceutical

• Textile

• Technology

• Automobile

What was a potential benefit of the trade deal for European companies?

• Access to Canadian dairy markets

• Increased agricultural exports

• Reduced labor costs

• Extended patents

What global trend is making it difficult to negotiate trade deals like the one between Canada and the EU?

• Increased globalization

• Rising nationalism

• Technological advancements

• Anti-globalization movement

What is the primary reason for Bombardier's job cuts?

• Government regulations

• Increased competition

• Economic recession

• Shift from rail to jets