CETA or The Comprehensive Economic and Trade Agreement is a free-trade agreement between Canada, the European Union and its member states. It has been provisionally applied, so the treaty has eliminated 98 per cent of the tariffs between Canada and the EU.
Canadian companies have always considered the U.S. as the next logical destination to expand into. With changing trade regulations and international relationships, Europe should also be viewed as a market that Canadian companies must immediately consider.
After Britons voted to quit the European Union, stock markets around the word saw declines, as did various currencies including the British pound and Canadian dollar.