Loonie soars as U.S. dollar falls

The following was reported on the 30 October 2008 edition of “globeandmail.com”.

The Canadian dollar continued its trek skywards in overseas trading Thursday.

The loonie was trading overseas at 83.86 cents (U.S.), up more than two full cents from Wednesday's close.

On Wednesday, the Canadian dollar had one of its biggest single-day jumps in history as the value of the U.S. greenback declined against other major currencies including the euro and British pound.

Traders also point to higher prices for oil because Canada is an oil-exporting country and the loonie is a resource-based currency.

It ended Wednesday's session ahead 3.67 cents at 81.63 cents.

Wednesday's increase was the biggest intraday daily gain ever for the loonie, beating a record set in the early 1970s, according to Bank of Canada data.

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D2-6-7, Persons' Goods/Currency and Monetary Instruments Detained at the Canada Border Services Agency or Abandoned to the Crown – Use of Form K24, Non-monetary General Receipt

This memorandum outlines the policies and procedures relating to persons’ goods/currency and monetary instruments that are detained at the Canada Border Services Agency (CBSA) or abandoned to the Crown, as well as the use of Form K24, Non-Monetary General Receipt.

Revisions

This memorandum has been updated as a result of a technical review.
Additional revisions to the text do not affect or change any of the existing policies or procedures contained in this memorandum.

This memorandum is available on the CBSA website at: http://www.cbsa-asfc.gc.ca/publications/dm-md/d2/d2-6-7-eng.pdf.

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D5-1-1, Canada Border Services Agency International Mail Processing System

This memorandum outlines and explains the legislation authorizing the examination of international mail and the obligations of the importing public to pay the duties and taxes owing. It also provides an overview of the processing and handling of both commercial and non-commercial importations. All monetary references quoted are in Canadian dollars.

Revisions

This memorandum has been revised to include changes to the goods and services tax (GST) and harmonized sales tax (HST) rates, word definitions listed in alphabetical order, a section that deals with opening mail, and other revisions to reflect Canada Border Services Agency (CBSA) terminology.

References to the reporting and opening of mail under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act have been added.

This memorandum is available on the CBSA website at: http://www.cbsa-asfc.gc.ca/publications/dm-md/d5/d5-1-1-eng.pdf.

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D5-2-2, International Mail Destined for Canadian Forces Post Offices

This memorandum outlines and explains the movement and processing of international mail destined for Canadian Forces post offices (CFPOs).

Revisions

This memorandum has been updated to reflect Canada Border Services Agency terminology and to include a point of contact for Canadian Forces postal services. In addition, the list of overseas CFPO numbers has been removed.

This memorandum is available on the CBSA website at: http://www.cbsa-asfc.gc.ca/publications/dm-md/d5/d5-2-2-eng.pdf" href