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Elizabeth May, leader of the federal Green party, and Jerry Dias, head of the country’s largest private-sector union, were positively giddy last week when it seemed the Belgian region of Wallonia had torpedoed prospects for free trade between Canada and Europe.

“CETA collapse is good news for drug prices, sovereignty,” May tweeted last Friday.

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Proclaimed Dias: “Thank you to the ppl (sic) of #Wallonia for standing up and speaking up about #CETA to say enough is enough. It’s time for fair trade!”

Here’s what this unfair, sovereignty-killing abomination, now back on track following six days of haggling in and near Brussels (because everything in Belgium is near Brussels, let’s face it), will do for Canada if implemented, according to estimates in the joint-Canada-EU study that inaugurated the talks in 2009:

It will boost Canadians’ collective income by $12 billion a year. It will increase trade between Canada and the 28-nation bloc by 20 per cent. It will add 80,000 or so jobs. And it will boost average Canadian household annual income by $1,000.