Trade News

4 March 2008 CRA advice on protection against identity theft The Minister of National Revenue, Gordon O'Connor, is launching the Canada Revenue Agency's participation in Fraud Prevention Month by encouraging Canadians to protect themselves against identity theft. Interacting with over 30 million…

4 March 2008 Bank of Canada cuts rates The following article is excerpted from the 4 March 2008 edition of “globeandmail.com”. The Bank of Canada dropped its key lending rate by half a percentage point, and indicated that further cuts will be needed to insulate Canada from the effects of a U.S…

4 March 2008 Canada scores victory in softwood fight The following article is excerpted from the 4 March 2008 edition of “globeandmail.com”. Canada won a sizeable legal victory today over the United States Tuesday after a private court settled the first dispute to flare up over the 2006 softwood…

4 March 2008 Canadian Chamber Economic Update - Bank of Canada Rate Decision The following is extracted from an update from the Canadian Chamber of Commerce. The Bank of Canada today announced that it is lowering its key policy rate by one-half of one percentage point to 3.5%. The 50 basis point cut…

4 March 2008 World Shipping Council backs “10 + 2” The following article is excerpted from 4 March 2008 edition of “americanshipper.com”. The World Shipping Council has submitted comments to the docket in favor of the proposed "10+2" rulemaking that seeks to gain more advance data on the commercial…

3 March 2008 Expiry Review No.: RR-2007-003 On October 31, 2007, the Canadian International Trade Tribunal (Tribunal), pursuant to subsection 76.03(3) of the Special Import Measures Act (SIMA), initiated an expiry review of its finding made on July 16, 2003, in Inquiry No. NQ-2002-004, as amended on…

3 March 2008 Line Clear White River, March 2 nd CP’s main line near White River, Ontario was reopened Sunday, March 2 nd at 1400 ET. Reroutes are still in effect to expedite the build-up traffic held as a result of the outage. As the operation is reset, shipment delays of 48 - 72 hours in the…

3 March 2008 The following messge is from Juudy Scrimger at the EICB. EICS EDI PKI Certificate Migration to new GSS Certificate Authority (CA) All the EDI PKI Certificates have not yet completed migration. We realize that there are still some coding issues to be ironed out, but we must underline the…

3 March 2008 Decisions Pending and Hearing Schedule from CITT The most recent list of decisions pending is available on the CITT website, at: http://www.citt-tcce.gc.ca/appeals/pending/index_e.asp The most recent appeals hearing schedule is found at: http://www.citt-tcce.gc.ca/appeals/hearings/index…

3 March 2008 2008 Second Quarter Interest Rates The CBSA has announced the annual interest rate for the second quarter of 2008 (Apr. 1 to June 30) will be 3.6017. The monthly interest rate for the same period will be 0.3.

3 March 2008 Proposal for Elimination of the Tariff on Certain Fabrics used in Manufacture of Bedding Products Finance Canada is seeking members’ views on a request received for the elimination of the tariff on certain fabrics used in the manufacture of bedding products. They propose adding a tariff…

3 March 2008 Proposal for Elimination of the Tariff on Certain Upholstery Fabrics Finance Canada is seeking members’ views on a request received for the elimination of the tariff on certain upholstery fabrics. They propose the creation of a new tariff item 9922.00.00. The tariff item would read as…

3 March 2008 Economic Update from Canadian Chamber of Commerce The following is extracted from an update from the Canadian Chamber of Commerce. In 2007, Canada's economy grew 2.7%, a slight deceleration from the 2.8% pace of 2006. The economy slowed over the course of 2007 with the lowest growth…

3 March 2008 Analysts split on rate cut size The following article is excerpted from the 3 March 2008 edition of “globeandmail.com”. Mark Carney steps into the spotlight this week and one thing is clear: The new Governor of the Bank of Canada will lower interest rates. But what comes next is a…

3 March 2008 Information Session on NAVIS Service at Deltaport Members are invited to attend an information session from TSI on the NAVIS terminal operating system at Deltaport on 18 March 2008. NAVIS’s revised “go-live” date is 29-31 March. The information session will take place at the Executive…

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3 March 2008 Business leaders unveil new strategies to combat counterfeiting and piracy The following article is excerpted from the 3 March 2008 edition of the International Chamber of Commerce. Industry leaders from around the world today unveiled new strategies to combat counterfeiting and piracy…

3 March 2008 U.S., EU launch financial news case against China The following article is excerpted from the 3 March 2008 edition of “globeandmail.com”. The European Union and the United States launched a case against China at the World Trade Organisation Monday over the way Beijing regulates foreign…

29 February 2008 ACROSS System is down Message EDI08-020 We are experiencing problems with the ACROSS system and are unable to process Electronic Releases, ACI Marine, ACI Air, Rail and CSA cargo report data. There is no ETA. For urgent requests, present paper.

29 February 2008 Derailment near White River, Ontario A derailment has occurred near White River, Ontario on CP’s main line between Toronto and Thunder Bay. Line clear is not yet confirmed. Reroutes are being employed. Further updates will be provided as more information is available.