There were some things we wouldn't do.

We were not prepared to compromise

Canada's sovereignty or to undermine our

key industries. There had been important

progress made towards a possible

agreement, an agreement that would have

reinforced Canada's position as having

the best deal in the world with the

United States. And while we believed

earlier this week that we were moving

towards moving towards a mutually

beneficial agreement, in recent days,

the United States proposed new terms

that were uneconomic, unfair, and

undermined the net benefits for Canada

and called into question the reliability

of any deal.

In short, they asked too much and they

offered too