The study, by Unifor economist and CCPA vice-president Jim Stanford, analyses CETA's likely effects on Canadian automotive trade, investment, and employment and claims the trade deal will make Canada's
current trade imbalance with the EU incrementally worse.
At the same time, the deficit in the country's
current account — the
imbalance in the
trading of goods and services as well as the shortfall in all other cross-border payments from interest income and rents to dividends and profits on direct investments — underwent its fastest ever quarterly deterioration.