Media Advisory - RBC study revisits Canada-U.S. Free Trade Agreement on 20th anniversary of accord

    TORONTO, Oct. 2 /CNW/ - On the 20th anniversary of the Free Trade
Agreement (FTA) and in cooperation with Policy Option Magazine, RBC has issued
an updated study debunking myths that were prevalent at the time the FTA was
adopted. The study appears in this month's edition of Policy Option Magazine
published today, and is available on the RBC website at

    What:  An economic study that examines a wide range of data showing
           Canada's economic performance before and after free trade -
           dismissing eight FTA myths, including:

           -  Production would shift south
           -  Exports would evaporate
           -  Why invest in Canada?
           -  Politics would require a strong Canadian dollar
           -  Jobs would dry up
           -  Canada is for sale
           -  Canadian businesses would be hard-pressed to restructure
           -  Governments would see their tax bases shrivel

    Who:   Craig Wright, RBC's Chief Economist and Derek Holt, RBC's
           Assistant Chief Economist are available for interviews.

    For a full copy of the report, please visit

For further information:

For further information: Jackie Braden, (416) 974-2124

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