Trade News

17 December 2008 Carney urges banks to lend more The following article is excerpted from the 17 December 2008 edition of “globeandmail.com”. Canada's banks should take full advantage of their relatively healthy status by expanding their lending, and resist the competitive pressure to build up…

17 December 2008 [US] Fed Cuts Key Rate to a Record Low This article is extracted from the 17 December 2008 edition of “The New York Times”. The [US] Federal Reserve entered a new era on Tuesday, lowering its benchmark interest rate virtually to zero and declaring that it would now fight the…

17 December 2008 UN Adopts New Rules on Contracts for International Carriage of Goods This article is excerpted from the 17 December 2008 edition of “WorldTrade\Interactive”. The United Nations General Assembly adopted Dec. 11 a new convention on the transportation of goods across borders. A UN…

17 December 2008 CBP User Fee Contingency Plan - January 1-31, 2009 The following notice was issued on 16 December 2008 by CBP. The CBP has approved a contingency plan to allow conveyances that normally pay annual user fees to be cleared by CBP without a per crossing/arrival payment from January 1…

17 December 2008 New CBP Requirement for Canadian Firewood, Commercial/Personal Shipments The following is excerpted from the 16 December 2008 news release by CBP. U.S. Customs and Border Protection continually inspects loads of firewood coming from Canada into the United States to prevent the entry…

17 December 2008 60th Session of the WCO Policy Commission, Summary of Outcomes The World Customs Organization (WCO) has published the "Summary of Outcomes" from the Policy Commission meetings held in Buenos Aires, Argentina earlier this month. This document outlines the outcomes of the Commission's…

16 December 2008 CBSA Message: Barley Products The following message is from CBSA (EDI08-104). In reference to Notice, serial No. 743, which was prepared and distributed by Foreign Affairs and International Trade Canada, please be advised that the barley products tariff rate quota (TRQ) will be…

16 December 2008 Minister Day Welcomes WTO Appeal Ruling in China Auto Parts Case The following is excerpted from the 15 December 2008 news release by DFAIT. The Honourable Stockwell Day, Minister of International Trade and Minister for the Asia-Pacific Gateway, today welcomed a ruling by the World…

16 December 2008 Plant Protection Policy Directives Revised Members are advised that the following directives have been revised and are available on the CFIA website: Appendix 1 "List of Approved Garden Varieties" of Directive D-98-04 " Seed Potato Program - Certification of Garden Potato Varieties…

16 December 2008 AIRS is down The following message is from Import Systems Unit, CFIA. At the moment, we are unable to predict when service will be restored however we will keep you informed as information becomes available. Thank you for your cooperation in this matter.

16 December 2008 Update to CFIA AIRS website a) Chapter 06 was published to add North Dakota to requirement number 26165, New Brunswick to requirement number 26156 and New Brunswick and Nova Scotia to requirement numbers 26156 and 26152 for the following HS code. 06.02.90.0023.03 - Balsam fir and…

16 December 2008 Economy will grow 0.5% in 2009: Laurentian The following is excerpted from the 16 December 2008 edition of “globeandmail.com”. Laurentian Bank of Canada predicts economic growth of just 0.5 per cent in Canada next year. The Montreal-based bank released its economic outlook on…

16 December 2008 PM's economic flip: 'I've never seen such uncertainty' The following is excerpted from the 16 December 2008 edition of “globeandmail.com”. Stephen Harper has delivered his bleakest forecast yet for the Canadian economy, warning yesterday the future is increasingly hard to read and…

16 December 2008 [US] Fed set to halve rates; Japan ponders options The following is excerpted from the 16 December 2008 edition of “globeandmail.com”. The U.S. Fed looked set to halve interest rates on Tuesday and bring them closer to zero, while Japan weighed steps to ease funding when borrowing…

16 December 2008 Changes in Chinese Customs Regulations – Agricultural Trade The following was reported on in the 16 December 2008 edition of “WorldTrade Interactive”. Effective Jan. 1, 2009, all goods imported into or exported from China will have to comply with new manifest regulations. According…

16 December 2008 USDA Clarifies Policies and Procedures for Transit Permits The following message is from Kimberly Marsho, Director, Trade Relations Office of the Commissioner U.S. Customs and Border Protection (CBP). The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service…

15 December 2008 CITT Decisions Pending The following is a list of current CITT decisions pending: Appeal No., Appeal Name, Act AP-2005-043, Dynamic Furniture Corp., Customs Act AP-2006-063, Fenwick Automotive Products Limited, Customs Act AP-2007-007, A & G Inc. dba Alstyle Apparel, Customs Act AP…

15 December 2008 CN Message: Extreme cold weather: Western Canada / Winnipeg to Chicago The following message is from CN Intermodal. Due to extreme cold weather along our network throughout Western Canada and from Winnipeg to Chicago, operating delays of up to 24 hours can be expected. This severe…

15 December 2008 U.S. must move first on auto aid: Clement The following article is extracted from the 15 December 2008 edition of the “Toronto Star”. A $3.4 billion bailout package from Ottawa and Ontario for the struggling Big Three Canadian automakers appears in flux as the Bush administration…

15 December 2008 Bloodied banks can't fix this crisis on their own This article is excerpted from the 15 December 2008 edition of the “Toronto Star”. It's difficult to overstate the stupendous efforts of governments worldwide to bail out the troubled financial system. For perspective, consider that…