Trade News

6 October 2008 The gloom spreads north The following article is excerpted from the 4 October 2008 edition of “globeandmail.com”. …. Across the country, even in the seemingly unsinkable resource towns of the Prairies, the grim prospect of a U.S.-led global recession and credit crunch has exited the…

6 October 2008 Stocks sell off as financial crisis spreads The following article is excerpted from the 6 October 2008 edition of “globeandmail.com”. Stocks in Toronto fell hard Monday, as the price of oil dropped and the financial crisis rocking the United States showed signs of moving deeper into…

6 October 2008 Banks warn of ‘worse than recession’ The following article is excerpted from the 6 October 2008 edition of the “Toronto Star”. Economists from Canada’s Big Five banks say they expect little or no growth in the near future and they warned today that the domestic economy’s current gloom…

6 October 2008 Customs Update: [US] Ports truck battle This article is excerpted from the 3 October 2008 edition of “The Journal of Commerce”. It is by Susan Kohn Ross, International Trade Counsel at Mitchell Silberberg and Knupp LLP in Los Angeles. She is also the co-founder of http://www…

6 October 2008 Perilous time for Far East/Europe trade This article is excerpted from the 3 October 2008 edition of “American Shipper”. The Far East/Europe trade is flailing as the European Union ban on liner conferences approaches. Various media reports in recent days have base rates from major…

3 October 2008 McGuinty, Charest slam federal leaders for ignoring economy The following is excerpted from the 3 October 2008 edition of “globeandmail.com”. The premiers of Canada's two largest provinces accused leaders campaigning for the Oct. 14 federal election of not taking the economy seriously…

3 October 2008 Diversification Dividend The following was written by Peter G. Hall, Vice-President and Chief Economist, Export Development Canada. Everybody knows that Canada is a trading nation. Compare the share of trade to total economic output, and Canada ranks close to the top among large…

The following messages were sent on 3 October: 1. CANADIAN CUSTOMS ARTICLES Planners of new US-Canada bridge eye legal fight Stocks headed for mixed open McGuinty, Charest slam federal leaders for ignoring economy Diversification Dividend 2. US CUSTOMS ARTICLES New [US] Export Control Initiatives…

3 October 2008 Planners of new US-Canada bridge eye legal fight The following is excerpted from the 2 October 2008 edition of “Journal of Commerce”. The owners of the busiest commercial bridge crossing linking the United States and Canada say they'll sue if their plan for a new span is not approved…

3 October 2008 Stocks headed for mixed open The following is excerpted from the 3 October 2008 edition of “Toronto Star”. Stocks are headed for a mixed open after another disastrous day Thursday, amid more bleak U.S. economic data but hopeful news from the banking sector. The U.S. Labour Department…

3 October 2008 New [US] Export Control Initiatives Include Intra-Company Transfers, CCL Review Changes The following is excerpted from the 3 October 2008 edition of “WorldTrade Interactive”. The Bureau of Industry and Security rolled out a number of new export control regulations at its annual…

3 October 2008 Bailout bill passes The following is excerpted from the 3 October 2008 edition of “globeandmail.com”. With the U.S. economy on the brink and elections looming, Congress approved an unprecedented $700-billion (U.S.) government bailout of the battered financial industry on Friday and…

2 October 2008 Appeals - Decisions Pending The following is the latest list of CITT decisions pending for appeals: Appeal No., Appeal Name, Act AP-2006-063 Fenwick Automotive Products Limited, Customs Act AP-2007-008 Korhani Canada Inc., Customs Act AP-2007-009 Sigvaris Corporation, Customs Act AP…

2 October 2008 OK OK Kaiser pretzels may contain melamine The following is excerpted from the 1 October 2008 news release by CFIA. The Canadian Food Inspection Agency (CFIA) and Dai Jung Distributing are advising people not to consume the OK OK Kaiser pretzels described below. These products are…

2 October 2008 Thermoelectric Containers, Inquiry No. NQ-2008-002 IN THE MATTER of an inquiry, pursuant to section 42 of the Special Import Measures Act, respecting thermoelectric containers that provide cooling and/or warming with the use of a passive heat sink and a thermoelectric module…

2 October 2008 CN Message: New Genset Schedule - Effective October 6, 2008 The following notice is from CN Intermodal. CN has completed a review of genset service requirements for both Import and Export traffic at the Ports of Halifax, Montreal and Vancouver. This review has considered reefer…

2 October 2008 CFIA Production Database Backup This is a reminder that a full database backup of the production database (PROD) is scheduled for Saturday, October 4, 2008. CFIA systems will be unavailable from 3am to 7am EST. Please note that full database backups of the production database (PROD)…

2 October 2008 Update to CFIA AIRS website a) Chapter 01 was published to change the requirements for the following HS codes from the state of Florida in the USA. 01.01.10.2001 Horses: Thoroughbred. 01.01.10.2002 Horses: Other breeds. 01.01.10.2004 Asses: Purebred breeding animals (includes donkeys…

2 October 2008 [US] Recession signs are clear, economists say The following was reported on in the 2 October 2008 edition of “American Shipper”. Economists are anticipating the third quarter will be the start of a significant recession that could last awhile. Even before the credit crisis of the…

2 October 2008 2008 CBP Trade Symposium A draft agenda of the CBP Trade Symposium, taking place on October 29-31, is now available on the CBP website at: http://www.cbp.gov/linkhandler/cgov/trade/trade_outreach/symposium08/ag….