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The TPP is Dead, So What Does that Mean for Canada?

The United States and Japan were driving the bus during the Trans-Pacific Partnership negotiations.

The two largest economies in the 12-country Pacific Rim trade agreement had the economic muscle to get what they wanted from the smaller countries in the deal, Canada included.

Now president-elect Donald Trump has stopped that bus with his announcement Monday he will pull out of the TPP his first day in office.

The TPP won't take effect if either the U.S. or Japan fails to ratify it. What other partners do no longer matters.