Who loses when trade connects Canada to new international markets?

Question

Quizplus · Accepted Answer

When trade connects Canada to new international markets, Canadian businesses in import-competing industries may lose out as they face increased competition from foreign imports. This can lead to job losses and decreased profits for these businesses. Canadian exporters, on the other hand, may benefit from increased access to these new markets and the potential for increased sales and profits. Canadian consumers and workers in exporting industries may be somewhat affected depending on the specific situation. ROW consumers may benefit from increased access to Canadian goods and potentially lower prices.

Who Loses When Trade Connects Canada to New International Markets