Trade News

20 October 2008 Ottawa poised to bolster bank lending The following article is excerpted from the 19 October 2008 edition of “globeandmail.com”. Ottawa is poised to guarantee loans Canada's banks extend to other financial institutions, a dramatic step aimed at ensuring the raft of multibillion…

20 October 2008 Bank of Canada expected to trim rate The following article is excerpted from the 19 October 2008 edition of the “Toronto Star”. The Bank of Canada is widely expected to chop its trend-setting nterest rate tomorrow by as much as half a percentage point, a move that would mark the…

20 October 2008 U.S. to Advance Imported Food Safety Efforts by Opening Foreign Offices This article is excerpted from the 20 October 2008 edition of “World\Trade Interactive”. The [US] Food and Drug Administration announced Oct. 16 that it is advancing its efforts to ensure the safety of imported…

20 October 2008 Big plans, earnest promises, few details This article is excerpted from the 19 October 2008 edition of “globeandmail.com”. A summit, yes. A clear plan? Far from it. U.S. President George W. Bush has agreed to host an emergency summit of world leaders to deal with the aftermath of the…

20 October 2008 Consensus Emerges to Let [US] Deficit Rise This article is excerpted from the 20 October 2008 edition of “The New York Times”. Like water rushing over a river’s banks, the federal government’s rapidly mounting expenses are overwhelming the federal budget and increasing an already…

20 October 2008 Chinese economy grows at slowest pace since 2003 This article is excerpted from the 20 October 2008 edition of “globeandmail.com”. China's economy is expanding at its slowest pace since the SARS epidemic of 2003, adding fresh anxieties to mounting fears of a global economic slump in…

20 October 2008 U.S. Customs and Border Protection Advise Travelers of Temporary Construction at Border Crossing in Buffalo/Niagara Region U.S. Customs and Border Protection is improving cross-border travel in the Buffalo/Niagara Region, by installing Radio Frequency Identification Technology at all…

20 October 2008 Positive Signs in Credit Markets Lift Wall Street This article is excerpted from the 20 October 2008 edition of “The New York Times”. Signs of improvement in the credit markets brought a wave of relief to Wall Street on Monday morning, as investors sent shares higher after the open…

17 October 2008 Release Requests for September, 2008 Now Available CBSA has provided details of release requests for September, 2008 at: http://www.cscb.ca/listinfo/september08releaserequests.xls

17 October 2008 Canada and Europe Ponder Trade Pact This article is excerpted from the 17 October 2008 edition of “The New York Times”. Since the first free trade agreement between the United States and Canada, 20 years ago this month, Canada’s economy has become increasingly integrated with that of…

17 October 2008 Revision to D1-4-1, CBSA Invoice Requirements This memorandum is revised as a result of the Paper Burden Reduction Initiative, the revisions are aimed at eliminating obsolete and duplicated requirements. In accordance with the above, the following changes were made: -- to include the…

17 October 2008 Revision to Memorandum D10-14-55 The following is now available on the CBSA Web site: D10-14-55, Tariff Classification of Wood Flooring Products This memorandum explains the Canada Border Services Agency's administrative policy regarding the tariff classification of the following…

17 October 2008 Scheduled Maintenance Outage Message ACI08-082 Customs Internet Gateway Outage: Please be advised that due to scheduled maintenance, the Customs Internet Gateway will be unavailable from 6:00 am to 7:00 am on Sunday, October 19th, 2008 (Eastern Time). EDI Mailbox Outage: Please be…

17 October 2008 CITT Decisions Pending The most recent list of CITT decisions pending is available on the CITT web site, at: http://www.citt-tcce.gc.ca/appeals/pending/index_e.asp

17 October 2008 ALUMINUM EXTRUSIONS, Preliminary Injury Inquiry No. PI-2008-002 Determination issued Friday, October 17, 2008 IN THE MATTER OF a preliminary injury inquiry, under subsection 34(2) of the Special Import Measures Act, respecting: THE DUMPING AND SUBSIDIZING OF ALUMINUM EXTRUSIONS…

17 October 2008 Notification from CN re Memphis - I-55 Construction Closures The Tennessee Dept. of Transportation (TDOT) has advised CN of the following lanes closures due to construction activities on the I-55, in the area of Riverport road. Lane and Ramp Closures Exit # 9 at Riverport/Mallory…

17 October CN Intermodal Train Service Change - Toronto/Halifax Members are advised that commencing Monday October 27th 2008, CN will modify Intermodal Train service between Toronto and Halifax. The changes are as follows: Train Q120 - Service from Toronto to Halifax Current Service: Cutoff Toronto…

17 October 2008 BMO projects Canadian recession The following article is excerpted from the 16 October 2008 edition of “globeandmail.com”. A second big Canadian bank is now forecasting a recession. Bank of Montreal said Thursday Canada's economy will contract in the final quarter of 2008, and the…

17 October 2008 Credit markets still on life support The following article is extracted from the 17 October 2008 edition of the “Toronto Star”. It will likely be spring before consumers and businesses around the globe feel any substantial relief from the credit crunch that threatens to trigger a…

17 October 2008 Accounting sea change The following article is excerpted from the 17 October 2008 edition of “National Post”. Canada's top financial institutions will get relief from the corrosive effects of the toxic assets sitting on their books today thanks to a controversial decision that turns…