If I understand it correctly, CETA would have resulted in too much power for (big) Canadian corporations. So it's a good thing the trade agreement hasn't been ratified, correct?
If you oppose CETA, you may like this, but the manner in which CETA is defeated is bad news for the EU. It basically makes it impossible for the EU to conclude trade deals if every (sub)national parliament has veto power (I think there are about 35 of them now). At the same time, the power to make free trade agreements cannot be returned to the member states because they're in a common market / customs union.
In US terms, this would be like giving a county in Wisconsin veto power over trade agreements made by the federal government.
In US terms, this would be like giving a county in Wisconsin veto power over trade agreements made by the federal government.