Even if the Americans ratify--and I agree with Mr. Fedchun that it is increasingly unlikely by the day--I don't expect it will have any significant impact on Canada's economy.
Most of Canada's current exports to Korea--and this is very interesting and surprising--actually enter Korea under very low tariffs. On the aggregate weighted average tariff rate that Korea imposes on our sales to Korea today, other than a small number of high-tariff agriculture sectors, the vast majority of our exports to Korea enter under very low tariffs. The fact that the Americans would get tariff-free access to Korea in those sectors where most of our exports currently are would have no significant impact on us.