Trade News

17 October 2008 Canadian consumer confidence hits lowest level in 26 years The following article is excerpted from the 17 October 2008 edition of “globeandmail.com”. Canadian consumer confidence plunged to its lowest level in 26 years this month, the Conference Board of Canada said Friday, adding to…

17 October 2008 WTO backs U.S., Canada in EU beef hormone dispute This article is excerpted from the 16 October 2008 edition of “The Journal of Commerce”. The … World Trade Organization today announced that it has ruled mostly in favor of the United States and Canada in their joint appeal over the…

17 October 2008 Bush Signs Trade Preference Bill, Calls on Congress to Approve FTAs This article is extracted from the 17 October 2008 edition of “World\Trade Interactive”. President Bush signed into law Oct. 16 legislation (H.R. 7222) that extends and amends various unilateral trade preference…

17 October 2008 CBP Amends Policy on Penalties for Late Monthly Payments The following article is extracted from the 17 October 2008 edition of “World\Trade Interactive”. U.S. Customs and Border Protection has issued a general notice setting forth guidelines for the assessment and mitigation of…

17 October 2008 Analysis: Intra-Asia’s growth linked to rest of world This article is extracted from the 17 October 2008 edition of “American Shipper”. For the first half of the past decade, the transpacific lane was the foundation for growth for global container carriers. In 2007, slowing growth on…

17 October 2008 New edition of World Tariff Profiles issued The 2008 edition of World Tariff Profiles presents a comprehensive and updated compilation of the main tariff indicators for the WTO's members as well as for other countries and customs territories. Information is available on the Wto web…

16 October 2008 Mengniu Strawberry Flavour Sour Milk Beverage May Contain Melamine The following notice is excerpted from the 15 October 2008 news release by CFIA. The Canadian Food Inspection Agency (CFIA) and Haofine International Trading Inc. are warning the public not to consume the Mengniu…

16 October 2008 Update to CFIA AIRS website Chapter 06 was published to modify the requirements for the following HS codes for the Continental United States: 06.02.10.0009.18 Grape - Unrooted plants (Other Vitis spp. than Vitis vinifera). 06.02.1000.09.69 Grape - Unrooted plants. (Vitis vinifera) 06…

16 October 2008 New Vehicle Platforms Buffer Hard Times The following was written by Peter G. Hall, Vice-President and Chief Economist, Export Development Canada. In any economic slowdown, big-ticket purchases are the first target of penny-pinching consumers. Auto producers know this well, and are…

16 October 2008 PM Gives Update on Economic Action Plan The following was reported by the PMO on 16 October 2008. Prime Minister Stephen Harper today reiterated that protecting the Canadian economy is his top priority, and detailed further action being taken by the Government in response to the…

16 October 2008 Merchandise imports see largest drop in nearly 17 years: StatsCan The following was reported on in the 16 October 2008 edition of “Canadian Transportation & Logistics”. Canada's merchandise imports declined 5.8% to $37.3 billion in August, the first decrease since March 2008, due to…

15 October 2008 Register now for the CSCB national conference! Register now for the CSCB national conference next week in Vancouver! You’ll have a chance to learn and express views about: - CBSA’s Business Simplification Initiative - ACI and eManifest - Compliance and AMPS … and to hear from our…

15 October 2008 Mutual, pension funds to get backstop The following article is excerpted from the 14 October 2008 edition of “globeandmail.com”. The Bank of Canada is planning a safety net for money market mutual funds and the Finance Department is moving toward guaranteeing loans between banks as…

15 October 2008 Seaway strike averted The following article is excerpted from the 14 October 2008 edition of “The Journal of Commerce”. A strike that threatened to shut down the St. Lawrence Seaway to international traffic has been averted after 445 employees of the Canadian part of the system…

15 October 2008 Stocks stagger lower on fear of U.S. recession The following article is excerpted from the 15 October 2008 edition of “globeandmail.com”. North American stock markets traded lower Wednesday, as weak retail sales data in the United States reminded investors that the world's biggest…

15 October 2008 Stocks stagger lower on fear of U.S. recession The following article is excerpted from the 15 October 2008 edition of “globeandmail.com”. North American stock markets traded lower Wednesday, as weak retail sales data in the United States reminded investors that the world's biggest…

15 October 2008 No recession for Canada: Conference Board The following article is extracted from the 15 October 2008 edition of “globeandmail.com”. Canada's economy faces some tough challenges as exports are further affected by a prolonged global slowdown and domestic demand weakens, the Conference…

15 October 2008 It's in China's own interest to extend a helping hand This article is excerpted from the 15 October 2008 edition of “globeandmail.com”. As the world confronts its gravest financial crisis since the 1930s, attention is turning to China, whose rapidly growing economy now holds $1.81…

15 October 2008 Bleak Numbers Stoke Fears of Recession in Europe This article is extracted from the 15 October 2008 edition of “The New York Times”. If there is a bright spot amid the chaos in the financial markets, it is that it helps to settle a debate among economists about the outlook for the…

15 October 2008 Tougher credit terms likely for maritime operations This article is excerpted from the 14 October 2008 edition of “The Journal of Commerce”. Ocean Intelligence, a maritime credit risk assessment group, says the worldwide credit crunch likely will make operational credit terms tougher…