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GOLDSTEIN: Magic beans won’t fix the Canadian economy

11 0
29.10.2026

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Prime Minister Mark Carney’s campaign to forge a closer economic alliance with the European Union is just the latest Liberal government magic bean to cure what ails our economy.

GOLDSTEIN: Magic beans won’t fix the Canadian economy Back to video

It’s not that increasing trade with the EU under what was originally described as Canada becoming an “associate member” but has now reportedly been reclassified as “ever closer association” — whatever that means — is a bad idea.

That’s particularly true given U.S President Donald Trump’s ongoing trade war against us.

But a trade agreement with the EU is not going to replace our need for a trade deal with the U.S.

The value of Canadian goods exported to the 27-member-nation EU last year was $43 billion, or 5.5% of our total merchandise exports of $779 billion.

The value of our merchandise exports to China — another country Carney is pursuing on trade — was $35 billion, or 4.5% of our total merchandise exports.

In comparison, the value of Canadian goods exported to the U.S. was $564.6 billion, or........

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