Obama’s Trade Deal Will Bankrupt Canada’s Farming Industry “Overnight”, Expert Say

Tuesday, November 10, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
11/09/2015

Earlier this month, in “Forget China: This Extremely “Developed” Country Just Suffered Its Biggest Money Outflow Ever,” we took a close look at Canada, where slumping crude prices are beginning to take a serious toll. As we noted, citing BofAML, Canada’s basic balance – a combination of the capital and the current account: a measure of national accounts that spans everything from trade to financial-market flows – swung from a surplus of 4.2% of GDP to a deficit of 7.9% in the 12 months ending in June. That’s the fastest one-year deterioration among 10 major developed nations.

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