Trade News

The following is excerpted from the 2 November 2011 edition of Canadian Transportation & Logistics. Cargo shipments to and from the Port of Hamilton generate $5.9 billion of economic activity and 38,000 jobs in Ontario, according to a new study released. The new analysis is part of a wider study carried out by economic consultants Martin Associates that revealed in October the economic value of the entire bi-national Great Lakes-Seaway System and its more than 100 ports... This article is available in its entirety at:

The following is excerpted from the 2 November 2011 edition of CBC News. Bank of Canada governor Mark Carney gave many reasons why Canadian retail prices are often higher than American prices, but he thinks some relief may be on the way, thanks to the expansion of new American retailers into Canada. Carney was testifying Wednesday night before a Senate committee studying the difference between the cost of goods in the two countries... This article is available in its entirety at:

The following is from the 3 November 2011 edition of the American Shipper. The National Customs Brokers and Forwarders Association of America has asked the U.S. Food and Drug Administration to revise its process for designating a U.S. agent before implementing foreign facility re-inspection fees under the Food Safety Modernization Act. U.S. agents designated under FDA’s current process, which was developed under the Bioterrorist Act (BTA), serve for the limited purpose of notification, the Washington-based organization said in a Nov. 1 letter to the FDA.

The following is excerpted from a 1 November 2011 news release by RITA. Trade using surface transportation between the United States and its North American neighbors, Canada and Mexico, was 18.3 percent higher in August 2011 than in August 2010, totaling $80.4 billion (Table 1), according to the Bureau of Transportation Statistics (BTS) of the U.S. Department of Transportation. This was the second time on record that U.S.–NAFTA trade by land modes exceeded $80 billion in one month – the first time was in March 2011...

The following is excerpted from the 3 November 2011 edition of Reuters Canada. The European Central Bank cut interest rates by a quarter point to 1.25 percent in a surprise move Thursday, acting boldly to support the ailing euro zone economy at President Mario Draghi's first policy meeting in charge. The move gave an immediate boost to stock markets, which will be looking for any signal at Draghi's first post-policy meeting news conference on whether the ECB is ready to boost its bond purchases to calm tensions in the euro area...

The following is from the 3 November 2011 edition of Reuters Canada. The Canadian dollar strengthened to a session high against its U.S. counterpart on Thursday after the European Central Bank cut interest rates, while global markets see-sawed amid chaos over Greece's role in the euro zone. The Canadian dollar spiked to C$1.0067 to the U.S. dollar, or 99.38 U.S. cents, after the surprise ECB cut, up from Wednesday's North American session close at C$1.0136 to the U.S. dollar, or 98.66 U.S. cents. __________________________________________________

Chapter 03 was published to add the import conditions for the end uses: "Food service", "Further processing for human consumption", "Retail use" for the following HS Codes. 03.01 - Live fish 03.02 - Fish, fresh or chilled, excluding fish fillets and other fish meat of heading No. 03.04 03.03 - Fish, frozen, excluding fish fillets and other fish meat of heading No. 03.04

The following is excerpted from the 1 November 2011 edition of CBC News. Canada is not entering a recession, Finance Minister Jim Flaherty told MPs Tuesday, despite turbulence in world markets. Speaking to the House finance committee, Flaherty said the third quarter of 2011 looks good for Canada, and that he expects growth in the fourth quarter too... The article is available in its entirety at:

Minutes of the BC Region Executive meeting held on 27 October 2011 are now available on the British Columbia Region page of the CSCB members site. To access, please go to our website at www.cscb.ca, login, and look under “Regional Activity”. __________________________________________________

The following is excerpted from a 1 November 2011 news release by Export Development Canada. Nova Scotia’s international exports are forecast to grow by 9 per cent in 2012, the leading performance among Atlantic provinces according to the Fall 2011 Global Export Forecast released today by Export Development Canada (EDC)... This release is available in its entirety at: http://www.edc.ca/english/docs/news/2011/mediaroom_21933.htm

The following is excerpted from a 1 November 2011 news release by Agriculture and Agri-Food Canada. The Harper Government is working to strengthen the Canadian cropping sector by maintaining and expanding market access and returning to Western grain farmers the right to market their wheat and barley in the best interest of their farm businesses... This release is available in its entirety at:

The following is excerpted from a 2 November 2011 news release by Industry Canada. The Honourable Gary Goodyear, Minister of State (Science and Technology) (Federal Economic Development Agency for Southern Ontario), delivered a keynote address at the Canada 2020 innovation conference today. The two-day event drew business leaders, policy makers and academics from both Canada and the United States... This release is available in its entirety at:

The following is excerpted from a 2 November 2011 news release by Foreign Affairs and International Trade Canada.

The following is excerpted from a 1 November 2011 news release by Export Development Canada. On the heels of a banner year for the province’s international exports in 2011, which saw a 21 per cent gain, Newfoundland and Labrador’s exports will see growth slow to 2 per cent in 2012 as both oil prices and production weaken, according to a Global Export Forecast by Export Development Canada (EDC).

Members are reminded that The CSCB Toronto and Ontario Regions are offering a seminar on eManifest on November 15, 2011, between 4:00 and 7:00 pm. The seminar will take place at the Holiday Inn Select, 1855 Huron Church Road in Windsor in Ambassador Ballroom Speakers: Tamara Allard, Director, Windsor Commercial Operations, Canada Border Services Agency and Larry Hahn, Senior Director Regulatory Affairs, Livingston International Inc.

Today, November 1, 2011, marks an important milestone in the Canada Border Services Agency’s (CBSA) eManifest initiative – the beginning of the 18-month implementation timeline for highway carriers. As the CBSA announced in a national news release on October 12, 2011, the following key dates apply to eManifest implementation in the highway mode:

The Quarterly Index of the Canada Gazette, covering edition numbers 27 to 39, is available at this URL: http://www.gazette.gc.ca/rp-pr/p1/2011/indexq3-eng.html __________________________________________________

The following is from the 31 October 2011 edition of the Journal of Commerce. Berkshire Hathaway among those mentioned as private equity firm takes stake A private equity firm’s new minority stake in Canadian Pacific Railway is triggering suggestions of a large reorganization and even a potential outright sale of Canada’s second-largest railroad in a sudden consolidation of the North American rail industry.

The following is excerpted from a 31 October 2011 news release by Transport Canada. The Government of Canada has appointed Mr. Jim Dinning to lead a six-month facilitation process to enhance rail freight service. The announcement was made today by the Honourable Denis Lebel, Minister of Transport, Infrastructure and Communities, and Minister of the Economic Development Agency of Canada for the Regions of Quebec. This facilitation process is a key part of the government's response to the Rail Freight Service Review... This release is available in its entirety at: