Trade News

10 October 2008 Loonie drops more than 2 cents The following is excerpted from the 10 October 2008 edition of the “globeandmail.com”. The Canadian dollar took another dive Thursday, falling by more than 2 cents at one point to its lowest level in more than 13 months. Market watchers couldn't point…

10 October 2008 Government of Canada Responds to Global Financial Turmoil With Support for Canadian Credit Markets The following is excerpted from the 10 October 2008 news release by Finance Canada. The Honourable Jim Flaherty, Minister of Finance, today announced the Government will take steps to…

10 October 2008 USDA to phase in Lacey Act import declaration enforcement The following is excerpted from the 9 October 2008 edition of “American Shipper”. The U.S. Department of Agriculture said it will phase in enforcement of a sweeping new import declaration requirement for wood and wood-based…

9 October 2008 Revised CBSA Forms The following forms have been revised: BSF658, NEXUS Application http://www.cbsa-asfc.gc.ca/publications/forms-formulaires/bsf658-eng.pdf E677, Cross-Border Currency or Monetary Instruments Report – Individual http://www.cbsa-asfc.gc.ca/publications/forms…

9 October 2008 Sherwood Brands Pirate's Gold Milk Chocolate Coins may be Contaminated with Melamine The following is excerpted from the 8 October 2008 news release by CFIA. The Canadian Food Inspection Agency (CFIA) is warning the public not to consume, distribute, or sell the Sherwood Brands Pirate…

9 October 2008 D11-6-7, Importers' Dispute Resolution Process for Origin, Tariff Classification, and Value for Duty of Imported Goods This memorandum explains the dispute resolution process for importers who disagree with the Agency’s determination, re-determination, or further re-determination of…

9 October 2008 D1-3-1, Fees for Information and Records This memorandum has been revised in accordance with the Paper Burden Reduction Initiative. This memorandum outlines the conditions and the fees for providing information, allowing inspection or access to records, or making or certifying copies…

9 October 2008 Update to CFIA AIRS website a) Chapter 05 was published to create new requirements for the following HS codes for all countries with a new end use: To be fed to sled dogs for competitions taking place north of the 60th parallel. 05.11.99.1297 Whole carcass or body parts, unpreserved…

9 October 2008 Process: Commodity verification/scanning due to the current melamine issue The following notice is from CFIA’s Import Systems Unit. It appears there is some confusion regarding the importation of those products suspected to be associated with the current issue with melamine. In an…

9 October 2008 Process: Commodity verification/scanning due to the current melamine issue The following notice is from CFIA’s Import Systems Unit. It appears there is some confusion regarding the importation of those products suspected to be associated with the current issue with melamine. In an…

9 October 2008 Memorandum 3.3.1, Drop Shipments (GST/HST) This memorandum explains the “drop-shipment” rules under the Excise Tax Act governing transactions involving the transfer of goods by a registrant in Canada to another person in Canada on behalf of an unregistered non-resident for purposes of…

9 October 2008 New study shows public in favour of globalization The following is excerpted from the 8 October 2008 edition of the “Canadian Transportation & Logistics”. More than half of Canadians believe the opening of borders and the shrinking of the world into a global village has positively…

9 October 2008 Banks trim prime but lag BoC cut The following is excerpted from the 8 October 2008 edition of the “globeandmail.com”. Major Canadian banks said they would lower their prime rates by just a quarter of a percentage point, refusing to pass along all of the Bank of Canada's half-point…

9 October 2008 Update: Memorandum 3.3.1, Drop Shipments (GST/HST) This update indicates the revision in memorandum 3.3.1, Drop Shipments. This memorandum explains the “drop-shipment” rules under the Excise Tax Act governing transactions involving the transfer of goods by a registrant in Canada to…

9 October 2008 Canada to lead G7 in GDP growth in '09: IMF The following was reported on in the 8 October 2008 edition of “cbc.ca”. Canada will lead the other G7 countries in economic growth in 2009, a muted honour considering that the global economy should slow markedly, according to a new IMF…

9 October 2008 Trade Finance Booms Amid Global Crisis The following is exceprted from the 9 October 2008 edition of “New York Times”. Business is booming in the trade finance market as exporters and importers return to a tried and tested form of credit amid the chaos of the financial crisis, bankers…

8 October 2008 D8-2-6, The Outward Processing Remission Order (Textiles and Apparel) Program This memorandum outlines and explains the conditions under which a remission may be granted under the Outward Processing Remission Order (Textiles and Apparel). It is a new memorandum. This Memorandum is…

8 October 2008 2008 CSCB Annual Conference, Register Today! Less than two weeks remaining until the 2008 CSCB Annual Conference at The Westin Bayshore, Vancouver, BC from October 19 – 21, 2008. If you are planning to attend and have not registered yet, there’s no time like the present. This…

8 October 2008 CBSA Message: Thanksgiving weekend The following message is from CBSA (EDI08-080). The Electronic Commerce Unit of the Canada Border Services Agency will be closed on the statutory holiday of Monday October 13, 2008.

8 October 2008 Windsor Commercial Clients’ Meeting Minutes of the Windsor Commercial Clients’ meeting held on 25 September 2008 are now available on the Ontario Region page of the CSCB members website at: http://www.cscb.ca/m00/m02/docs/rgon_min_20080925_e.pdf. Documents referred to in the meeting…