March 09, 2018
OTTAWA — The Conference Board of Canada is predicting a 0.5 per cent decline in the country's economy resulting in the loss of about 85,000 Jobs within a year if the North American Free Trade Agreement is terminated.
Ending NAFTA Would Cost 85,000 Jobs Within A Year: Conference Board Of Canada
As talks to renegotiate the trade deal enter an expected eighth round in the coming weeks, the think tank says in a new report that would be the best-case scenario in a post-NAFTA world.
While the board says its analysis suggests a modest impact on the Canadian economy, it adds several possible reactions are not considered such as further U.S. trade actions including non-tariff barriers and a stronger reaction from businesses.

Its analysis says real merchandise exports would fall by $8.9 billion or 1.8 per cent in the year following a NAFTA collapse, with the largest impact on motor vehicle and parts exports which would plunge by about $6 billion.
Tariffs and a depreciating loonie would also boost the price of U.S. imports into Canada, leading real merchandise imports to fall by a similar $8.8 billion or 1.8 per cent.
Higher import prices, the resulting decline in domestic consumption, and the loss of export competitiveness would lead to a $3.3-billion drop in real business investment spending in Canada in the first year following a NAFTA collapse, the report says.
Investment could decline further in the long term, as the collapse of NAFTA would hurt Canada's ability to attract investment based on secured access to the U.S. market, further affecting long-term economic growth, the analysis adds.
Negotiations 'have not gone well'
Job losses would continue into the second year following a NAFTA breakup, leading to total job losses of 91,000.
"Negotiations to renew the North American Free Trade Agreement have, by all accounts, not gone well since they began last year," the Conference Board of Canada report said.
"The discussions have led many observers to speculate that the Trump administration will withdraw from the 24-year-old deal."
Business
Global Vehicle to Grid Market 10 Year Forecast Report 2024-2034 - Supportive Government Regulations and Financial Incentives for V2G Deployment
DUBLIN, March 18, 2024 /PRNewswire/ -- The "Vehicle to Grid (V2G) Market Report 2024-2034" report has been added to ResearchAndMarkets.com's offering. World revenue for Vehicle-to-Grid (V2G) Market is forecast to surpass US$ 4.31 billion in 2024, with strong revenue growth through to 2034. Escalating Demand for Electricity, Coupled With a Global Commitment to Reduce Reliance on Fossil Fuels, Resulting in a Surge in the Adoption of Electric VehiclesThe vehicle-to-grid (V2G) market is witnessing unprecedented growth driven by a confluence of factors shaping the future of sustainable transportation and power management. Key drivers include the escalating demand for electricity, coupled with a global commitment to reduce reliance on fossil fuels, resulting in a surge in the adoption of electric vehicles (EVs). This market is characterized by opportunities that lie in the integration of renewable energy sources, such as solar and wind, to meet energy demands, while also addressing challenges associated with the variable nature of these sources.The primary driver for the V2G market is the escalating demand for electricity worldwide. Governments and industries are increasingly recognizing the need for sustainable and low-emission solutions, driving the widespread adoption of EVs. The electrification of the transportation sector not only addresses environmental concerns but also provides a unique opportunity for EVs to serve as mobile energy storage units. This bidirectional flow of power, where EVs can both draw and supply energy to the grid, is a key driver propelling the V2G market forward.Opportunities in the V2G market are abundant, particularly in the integration of renewable energy sources. As countries strive to meet ambitious renewable energy targets, V2G technology becomes an enabler for managing the intermittent nature of solar and wind power. This creates opportunities for smart grid solutions and advanced energy storage systems. Additionally, the idle times of parked EVs present an untapped opportunity for bidirectional ...Full story available on Benzinga.com
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