1. Globalization, NAFTA And Its Effect On Canada
... Americans, making their lumber prices look more favourable. This tariff can mean devastating effects on some provinces such as British Columbia where 70% of Canada's softwood is exported to the United States and accounts for 9% of its economy. This dispute has caused nearly 18,000 job losses, and ... losses of 1.5 billion. In 1995 the highest amount of net transfers for unemployment insurance was paid out the forestry industry. Canfor Corp a Canadian lumber company had to pay $107.6 million in taxes based on the imposed duties. NAFTA has stimulated this trade war between Canada and .....
- Word Count: 1385
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate