Trade News

19 January 2010 Canada's nice-guy strategy a flop in fight against Buy American The following is excerpted from today's edition of "globeandmail.com". ... Roughly five months have passed since Ottawa offered the Obama administration a good deal: Give Canadian companies a piece of the billions being…

19 January 2010 Parity with greenback helps keep inflation in check The following was reported on in today's edition of "globeandmail.com". The Bank of Canada is unlikely to provide any indication when it releases its rate decision Tuesday, or its monetary policy report on Thursday, that it will be…

19 January 2010 Bank of Canada sticks to low interest rates The following is excerpted from today's edition of "globeandmail.com". The Bank of Canada kept its benchmark lending rate at a record low 0.25 per cent Tuesday, and reasserted a plan to keep it there through the middle of the year depending…

19 January 2010 PM taps Stockwell Day to tighten purse strings in tough times The following was reported in today's edition of "globeandmail.com". Stephen Harper has appointed Stockwell Day, one of his most trusted lieutenants, to begin the purse-tightening in his deficit-swamped government and…

18 January 2010 Second Round of Canada-EU Economic and Trade Negotiations Starts Today The following is excerpted from today’s news release by DFAIT. The Honourable Stockwell Day, Minister of International Trade and Minister for the Asia-Pacific Gateway, today announced that officials from Canada…

18 January 2010 Mark Carney enters crucial phase for recovery The following is excerpted from the 17 January 2010 edition of "globeandmail.com". Bank of Canada Governor Mark Carney is entering a crucial phase for clinching the recovery. Having helped steer Canada's economy out of recession, Mr…

18 January 2010 Double-dip a risk if stimulus ends early: IMF The following is excerpted from the 18 January 2010 edition of "globeandmail.com". Developed countries may slip back into recession if they abandon strategies deployed to battle the global financial crisis too early, the head of the…

15 January 2010 CITT Appeals, Decisions Pending Appeal No., Appeal Name, Act AP-2006-023, Fritz Marketing Inc., Customs Act AP-2008-011, Sarstedt Canada Inc., Customs Act AP-2008-015, J.I.T Industrial Supply and Distribution Ltd., Customs Act AP-2008-028, Cherry Stix Ltd., Customs Act AP-2008-030…

15 January 2010 Customs Controlled Areas After consulting with external stakeholders, CBSA has issued a Fact Sheet on Customs Controlled Areas. A Customs Controlled Area (CCA) is a designated area where departing domestic travellers and workers may come into contact with international travellers and…

15 January 2010 Update to CFIA AIRS website a) Chapter 08 was published to remove the following OGD extensions, further to a CBSA ruling for tariff classification. 08.02.21.4083.03 - Edible nut - filbert, hazelnut (roasted) 08.02.22.4083.03 - Edible nut - filbert, hazelnut (roasted or blanched) b)…

15 January 2010 Buy American deal needed this month: Canada industry The following is excerpted from the 14 January 2010 edition of "Reuters Canada". Canada needs to reach a deal with the United States this month to exempt its companies from a "Buy American" measure or the agreement could become…

15 January 2010 GST/HST Memo: Foreign Convention and Tour Incentive Program – Rebate for Eligible Tour Packages and Accommodation Supplied as Part of Eligible Tour Packages This memorandum explains the eligibility requirements that: • non-resident persons (other than tour operators) have to meet to…

15 January 2010 RC284, Protect Yourself Against Identity Theft The Canada Revenue Agency has published RC284, Protect Yourself Against Identity Theft. Identity theft—the unauthorized use of your information by third parties—involves the collection and use of personal information such as your name…

14 January 2010 Obico Intermodal Terminal (Toronto) - Update to Gate Hours of Operation Effective Monday January 25, 2010, CP's Toronto Obico Intermodal Facility will now operate under the following hours: Monday through Friday - 0630 to 1730 Saturday & Sunday - Closed In addition, the cutoff time…

14 January 2010 CBSA Message: Classification no. 2204.10.10.00 & 2204.10.90.00 The following message is from CBSA (EDI10-004). Please be advised that classification numbers 2204.10.10.00 and 2204.10.90.00 are duty free as of January 1, 2010. The CADEX-formatted version of the Customs Tariff posted…

14 January 2010 Exporters See Better Times Ahead The following was written by Peter G. Hall, Vice-President and Chief Economist, Export Development Canada. One year ago, Canadian exporters were a very gloomy bunch, and with good reason. The recession everyone else was still fearing had already hit…

14 January 2010 Recovery to be uneven in 2010, CIBC says The following is was reported on in today's edition of "The Star". Canada's economy faces a speed-bump on the road to recovery, says a new forecast by one of Canada's big banks. The CIBC says the economy will grow by a strong three per cent…

14 January 2010 U.S. recovery taking hold: survey The following is excepted from today's edition of "CBC News". The U.S. Federal Reserve reported Wednesday that the American economic recovery broadened slightly last month, but economic activity remained “at a low level.” The survey ...is done eight…

13 January 2010 Update to Measures in Force under SIMA The list of goods currently subject to measures under the Special Import Measures Act (SIMA) and the relevant countries of origin or export has been updated, and is available on the CBSA website at: http://www.cbsa-asfc.gc.ca/sima-lmsi/mif-mev…

13 January 2010 T2010-1, Tariff Amendment CBSA has added the first tariff amendment for this year, T2010-1, to its website, available at: http://www.cbsa-asfc.gc.ca/trade-commerce/tariff-tarif/menu-eng.html. Please note that these amendments are included in the most recent version of CADEX.