Trade News

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…

9 February 2009 “10+2” filings show improvement This article is excerpted from the 9 February 2009 edition of “American Shipper”. The rejection rate for inaccurate or incomplete Importer Security Filings has fallen to about 15 percent in the two weeks since the new advance electronic document became…

9 February 2009 Spending More Than $800 Billion Is the Easy Part This article is from the 9 February 2009 edition of “The New York Times”. The easy part is coming to an end. Ask just about anyone in Washington involved in the $800-billion-plus economic stimulus legislation churning its way through…

9 February 2009 More [US] CPSIA rules unveiled This article is excerpted from the 9 February 2009 edition of “The Journal of Commerce”. The Consumer Product Safety Commission will not impose penalties on manufacturers, distributors or importers of children’s products made with natural products, some…

9 February 2009 CBP "10+2" Information Sessions, February 2009 The following is excerpted from the 9 February 2009 news release by CBP. CBP is hosting trade outreach events in various locations around the U.S. to provide the trade community with an opportunity to learn more about the new Importer…

6 February 2009 U.S. pledge leaves Canada exposed The following is excerpted from the 6 February 2009 edition of "globeandmail.com". A pledge by the United States to honour its trade commitments would still leave Canada dangerously exposed to Buy American restrictions in the massive economic…

6 February 2009 Reports on Softwood Lumber Exports The Softwood Lumber Exports Report will be updated three times daily at the following times: 8:00 AM, 4:00 PM and 11:55 PM EST.

6 February 2009 SIMA Monthly Index, URL change Members are advised that the CBSA has changed the URL to the SIMA monthly index page. It is now available at: http://www.cbsa-asfc.gc.ca/sima-lmsi/mi-im-eng.html. Please update your bookmarks.

6 February 2009 Document requirements for travel to the U.S. The following message is from WHTI, CBSA. The purpose of this email is to keep you current regarding the document requirements to enter the United States (U.S.) under the U.S. Western Hemisphere Travel Initiative (WHTI). The WHTI is a U.S…

6 February 2009 Is the worry about deflation just a lot of hot air? The following is written by Neil Reynolds for 6 February 2009 edition of "globeandmail.com". Perhaps Bank of Canada Governor Mark Carney was right when he said last week that Canada would not – repeat not – slip into deflation. In…

6 February 2009 Job losses worst on record The following is excerpted from the 6 February 2009 edition of “Toronto Star”. The recession hit home where Canadians live last month as a massive 129,000 workers joined the ranks of the unemployed and the country's jobless rate surged to 7.2 per cent. More…

6 February 2009 Food inspection agency failing to screen effectively for invasive species, A-G says The following is excerpted from the 6 February 2009 edition of “globeandmail.com.” Federal inspectors of imported plants and produce are operating in an administrative stone age, with high-risk…

6 February 2009 The border is the next threat to trade The following was written by Martin Collacott, a senior fellow at the Fraser Institute and former Canadian ambassador in Asia and the Middle East, for the 6 February 2009 edition of the “Vancouver Sun”. While 'Buy American' is worrisome, a…

6 February 2009 Customs Update: Beyond cargo security The following was written by Susan Kohn Ross for the 5 February 2009 edition of "Journal of Commerce". While we all wait to see what the priorities of the new Obama Administration will be, there are plenty of other issues worth following. In the…

6 February 2009 CPSC to Vote on Delaying Lead Content Restrictions; Phthalates Ban to be Retroactive The following was reported on in the 6 February edition of "World Trade Interactive". There has been a flurry of action this week in connection with the scheduled Feb. 10 implementation of tighter…

6 February 2009 Ready or not, '10+2' is here The following article appeared in Beth Peterson’s column in the 3 February 2009 edition of “American Shipper”. O.K., we all have to admit how much we really didn’t want to see a final rule on “10+2.” Even an interim final rule sends chills up and down the…

5 February 2009 CFIA Information Sessions for Fish and Seafood Importers The following is a 3 February 2009 news release by CFIA. Further to the Industry Notice of November 1, 2008 "Revised Fish Import Program Documents", the Canadian Food Inspection Agency is setting up Information Sessions for all…