Trade News

10 February 2009 Carney expected to stand firm on bullish outlook The following is excerpted from the February 9th edition of "National Post". Bank of Canada governor Mark Carney is expected to tell skeptical MPs Tuesday morning that the basic tenets underlining his rather optimistic economic…

10 February 2009 Western Canada hit hardest by decline The following is excerpted from the February 10th edition of "globeandmail.com". The global recession is cutting through British Columbia and Alberta with such alarming force and speed that the two provinces are bracing for an economic downturn…

10 February 2009 Government of Canada invests in airport safety across the country The following is excerpted from the February 6th news release by Transport Canada. Canadians will benefit from enhanced airport safety thanks to funding from the federal government’s Airports Capital Assistance…

10 February 2009 Government of Canada invests in airport safety across the country The following is excerpted from the February 6th news release by Transport Canada. Canadians will benefit from enhanced airport safety thanks to funding from the federal government’s Airports Capital Assistance…

10 February 2009 More rate cuts to come The following is excerpted from the February 10th edition of "Toronto Star". Facing huge uncertainty in the global economy, the Bank of Canada is ready to cut interest rates again if need be to bolster Canada's dismal business conditions, Bank of Canada…

10 February 2009 Let banks sort out their own toxic assets, ‘bad bank' vet says This article is excerpted from the 9 February 2009 edition of “globeandmail.com”. Banks should be left to sort out their own toxic assets and troubled loans and create so-called “bad banks” with enough financial clout to…

10 February 2009 Trade Group Meets to Curb Protectionism The following is excerpted from the February 9th edition of "New York Times". World Trade Organization members gathered on Monday to assess how far the financial crisis has encouraged protectionism. Diplomats representing both rich and poor…

10 February 2009 Now is the time for a revolution in economic thought The following is excerpted from February 9th edition of the "TimesOnline". …[The] academic economics has been discredited by recent events. It is now time for what historians of science call a “paradigm shift”. If we want to…

10 February 2009 [US] Senate Approves Stimulus Plan The following is excerpted from the February 10th edition of "New York Times". The [US] Senate voted on Tuesday to approve an $838 billion economic stimulus plan that stands to become the most expansive anti-recession effort by the United States…

9 February 2009 Clarity needed in trade debate This article is excerpted from the 9 February 2009 edition of the “Toronto Star”. Trade Minister Stockwell Day cheered last week after the United States Senate amended the "Buy American" clause in its $800 billion-plus stimulus package. Day suggested…

9 February 2009 Request for NAFTA Panel Review, Carbon and Steel Wire Rod from Canada The above-mentioned request is available from the 7 February 2009 edition of the “Canada Gazette” at: http://canadagazette.gc.ca/partI/2008/20090207/html/commis-e.html#f101.

9 February 2009 Proposed Change to Tariff Subheading 9810.10 The Department of Finance has advised of a proposed change respecting the domestic use of temporarily imported cargo containers under the Customs Tariff. Details are noted in the February 7th, 2009 edition of Canada Gazette Part I…

9 February 2009 Looking for leadership on trade The following article was written by Allan E. Gotlieb, Canadian Ambassador to the United States from 1981-89 and a senior advisor to the law firm Bennett Jones; and Milos Barutciski, a partner and chair of Bennett Jones’ International Trade Group. This…

The following messages were sent on 9 February: 1. CANADA BORDER SERVICES AGENCY - TARIFF, ORIGIN AND VALUATION Proposed Change to Tariff Subheading 9810.10 2. CANADIAN CUSTOMS ARTICLES Clarity needed in trade debate Stimulus efforts eclipse bank plan Ottawa prepared to provide additional stimulus…

Update to CFIA AIRS website Chapter 07 was published to modify the conditions for the following HS codes for California with new miscellaneous codes. 07.06.10.3017.01 - Carrots - with tops (fresh or chilled) 07.06.10.3017.02 - Carrots - without tops (fresh or chilled) New miscellaneous codes: #746 -…

9 February 2009 Update to CFIA AIRS website Chapter 07 was published to modify the conditions for the following HS codes for California with new miscellaneous codes. 07.06.10.3017.01 - Carrots - with tops (fresh or chilled) 07.06.10.3017.02 - Carrots - without tops (fresh or chilled) New…

9 February 2009 Bailout pause could be calm before the storm This article is excerpted from the 8 February 2009 edition of “globeandmail.com”. When the financial crisis hit Russia like a runaway freight train in the autumn, the Kremlin hauled out the worry beads and rubbed furiously. Margin calls…

9 February 2009 Stimulus efforts eclipse bank plan The following article is excerpted from the 9 February 2009 edition of the “Toronto Star”. The Obama administration has pushed back until tomorrow the announcement of a keenly awaited bank rescue plan as it pressed lawmakers to settle their…

9 February 2009 Ottawa prepared to provide additional stimulus This article is excerpted from the 9 February 2009 edition of “globeandmail.com”. The federal government has not ruled out injecting more cash into the depressed economy if the recession worsens. Ted Menzies, parliamentary secretary to…

9 February 2009 It’s No Time for Protectionism This article, by N. Gregory Mankiw, a professor of economics at Harvard, is extracted from the 8 February 2009 edition of “The New York Times”. What approach will the Obama administration and the Democratic majority in Congress take on international…