This paper discusses the phenomenon of globalization and how it has caused the increase of capital flows across borders and numerous free trade deals between nations. The paper argues that, as globalization has brought the world economy closer together, Canadian sovereignty and economic well being have been significantly weakened. Globalization has spawned the Free Trade Agreement, which has taken away Canada's ability to make decisions for itself. Moreover, it has fuelled the policies of deregulation and privatization, which have destroyed the Canadian safety net. 14 pgs. Bibliography lists 12 sources.