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Give a detailed explanation of the benefits of the Canada-US free trade agreement to Canada and the USA. As a result of the COVID-19 trade

Give a detailed explanation of the benefits of the Canada-US free trade agreement to Canada and the USA.

As a result of the COVID-19 trade volumes between Canada and the U.S. have been significantly reduced. Explain the implication of this for the welfare of producers and consumers. Assume that the demand for goods in Canada will recover faster than trade volumes.

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