Trade News

1 September 2009 Economy limping out of recession The following is excerpted from today's edition of “The Star”. Canada's economy is taking baby steps out of the recession, which was much deeper than first thought. The economy grew 0.1 per cent in June, the first monthly increase since July 2008…

1 September 2009 Ottawa needs to plot a clear debt-busting plan, watchdog says The following is excerpted from the 1 September 2009 edition of “globeandmail.com”. Canada's federal budget watchdog warns that Ottawa, already awash in red ink, risks a slide into even deeper deficits and debt if it…

1 September 2009 Don’t Expect the U.S. and China to Form a ‘Strategic Alliance’ Anytime Soon The following is extracted from today's edition of the “Wall Street Journal”. It is written by Ian Bremmer, president of Eurasia Group, and Nouriel Roubini, professor of economics at NewYork Univeristy…

1 September 2009 W.T.O. Approves $295 Million in Sanctions Against U.S. The following is excerpted from the 31 August 2009 edition of “The New York Times”. American goods will face about $295 million in annual sanctions as a result of the United States’ failure to eliminate illegal subsidies to…

1 September 2009 What Happened to the 'Depression'? The following article, by Allan H. Meltzer, a professor of economics at Carnegie Mellon University, appears in the 1 September 2009 edition of the “Wall Street Journal”. Day after day, economists, politicians and journalists repeat the trope that…

1 September 2009 The Face of Protectionism The following article, by Daniel Price, an assistant to the president for international economic affairs in the George W. Bush administration, is excerpted from the 1 September 2009 edition of “The New York Times”. At summit meetings in Washington and…

1 September 2009 [US] Manufacturing Makes First Gain in 18 Months The following is excerpted from the 1 September 2009 edition of “The Journal of Commerce”. [US] Manufacturing activity expanded in August when compared with the previous month, for the first time in 18 months, according to the latest…

31 August 2009 Export of Certain Sugar-Containing Products The purposes of this Notice are: a) to inform exporters of the Minister’s policies and practices respecting the exportation of certain sugar-containing products; b) to inform exporters of sugar-containing products to the United States of the…

31 August 2009 WTO Panel to Hear Canada’s Challenge of South Korean Ban on Beef 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, and the Honourable Gerry Ritz, Minister of…

31 August 2009 June 2009 Surface Trade with Canada and Mexico Fell 31.5 Percent from June 2008 The following is excerpted from the US Bureau of Transportation Statistics report issued on 31 August 2009. Trade using surface transportation between the United States and its North American Free Trade…

Economy's growth first in year The following is extracted from today's edition of “The Star”. Statistics Canada says the economy grew by 0.1 per cent in June, the first monthly increase since July 2008 as housing and car sales rebounded. The increase was below private-sector expectations of a 0.2…

31 August 2009 Cancellation of obsolete General Export Permits and a General Import Permit The following notice appeared in Part I (Notices and Proposed Regulations) of Canada Gazette on 29 August 2009. Under Canada’s Export and Import Permits Act (EIPA), the Minister of Foreign Affairs has the…

31 August 2009 Canada's trade deficit first since 1976 The following is extracted from the 29 August 2009 edition of “globeandmail.com”. The value of Canadian imports exceeded that of exports for the first time in more than 30 years in the second quarter, a humbling blow for a trading nation that…

31 August 2009 Bridge construction [in Cornwall] could begin in 2010 The following is extracted from the 30 August 2009 edition of the “Cornwall Standard Freeholder”. Despite the ongoing uncertainty surrounding the local customs facility, Mayor Bob Kilger remains optimistic that construction of the…

31 August 2009 Great Recession: nasty, but short The following is excerpted from today's edition of “globeandmail.com”. Canada's version of the Great Global Recession may have seemed brutish, but — if economists are right about new output numbers being released Monday — it will also have turned out…

31 August 2009 Economy's growth first in year The following is extracted from today's edition of “The Star”. Statistics Canada says the economy grew by 0.1 per cent in June, the first monthly increase since July 2008 as housing and car sales rebounded. The increase was below private-sector…

31 August 2009 Reading the tea leaves The following is extracted from the 28 August 2009 edition of “globeandmail.com”. THE GOOD: A 7.9-per-cent growth rate is the envy of the West; stockpiling and infrastructure have driven the global rebound in commodity prices THE BAD: Who's buying? Empty wallets…

31 August 2009 Trusted Traders Affected by Enforcement Emphasis The following is excerpted from 26 August 2009 edition of the Entrepreneur magazine. It is written by Tom Travis. … The U.S. Customs and Border Protection agency has engaged in an unprecedented effort over the past eight years to…

31 August 2009 Low greenback is best thing for weak U.S. economy The following is extracted from today's edition of “globeandmail.com”. The U.S. dollar has lost about one-third of its value against six of the world's major currencies including the Canadian dollar since the beginning of the decade…

31 August 2009 China backs down over auto part import levies The following is excerpted from today's edition of "American Shipper". U.S. Trade Representative Ron Kirk’s office on Friday said it expects China to eliminate discriminatory charges imposed on imported auto parts, effective Sept. 1. China…