Canada has a new deal with the European Union. The agreement is expected to increase the amount of trade between Canada and many countries in Europe.
Trade, in this case, is when one country buys something from another country and vice-versa.
Prime Minister Stephen Harper has said the new deal could increase trade by 20 per cent, beginning in 2015, and add $12-billion to Canada’s income (the money it makes) each year.
The new trade deal is called CETA, which stands for Comprehensive Economic and Trade Agreement.
It is expected to create 80,000 new jobs in Canada.
Canada and the European Union have been working on the new trade deal for the past four years.
Canada’s largest trading partner is the United States, but increased trade with other partners is good so Canada is not as dependent on any single country.