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Orders in Council: Customs Tariff Amendments

January 6, 2009
6 January 2009 Orders in Council: Customs Tariff Amendments P.C. 2008-1928, Order Amending the Schedule to the Customs Tariff, 2008-2 AMENDMENTS 1. Tariff item Nos. 2921.51.00, 5210.51.00, 5402.19.00, 5402.34.00 and 5407.54.00 in the List of Tariff Provisions set out in the schedule to the Customs…

Loonie poised to take a run at greenback?

January 6, 2009
6 January 2009 Loonie poised to take a run at greenback? The following is excerpted from the 6 January 2009 edition of “globeandmail.com”. The U.S. dollar has been a big winner this year, but it is hard to believe the Canadian dollar will face the same adversity in 2009 as it did last year, unless…

Banks won't loosen credit

January 6, 2009
6 January 2009 Banks won't loosen credit The following is excerpted from the 6 January 2009 edition of “Toronto Star”. Canada's banks are refusing to loosen consumer and business lending standards despite criticism their "prudent" credit practices are worsening the economic slump. The Canadian…

Flaherty hints personal tax cuts may be in budget

January 6, 2009
6 January 2009 Flaherty hints personal tax cuts may be in budget The following is excerpted from the 6 January 2009 edition of “Toronto Star”. Federal Finance Minister Jim Flaherty hinted Tuesday that personal tax cuts could be included in this month's budget as a way to help stimulate the country's…

CBSA Message: Scheduled CIG outage

January 5, 2009
5 January 2009 CBSA Message: Scheduled CIG outage The following message is from CBSA (EDI09-002). Please note that on Tuesday, January 6th, 2009 at 1:00 am (Eastern Time), for maintenance purposes, there will be a 20 minute interruption in processing inbound and outbound data over the Customs…
MEMBERS ONLY

2009 Customs Tariff

January 5, 2009
5 January 2009 2009 Customs Tariff The CSCB has expressed to CBSA our concerns with the 2009 Customs Tariff. CBSA has advised that the Microsoft Access version of the tariff will not be available until January 12th. This means that customs brokers and importers will be required to manually update the amended files, which costs both time and money, and introduces the potential for errors.

CBSA Message: Exchange Rate for Myanmar Kyat

January 5, 2009
5 January 2009 CBSA Message: Exchange Rate for Myanmar Kyat The following message is from CBSA (EDI09-003). The exchange rate, effective January 3, 2009, for Myanmar (Burma) Kyat (MMK), has been revised. The correct rate should have read 0.2186 for January 3, 2009. Using the incorrect exchange rate…

CN gains Chicago area rail line

January 5, 2009
5 January 2009 CN gains Chicago area rail line The following article is extracted from the 4 January 2009 edition of “Canadian Sailings’. CN got its wish for Christmas when the U.S. Surface Transportation Board approved on Dec. 24 the railway’s purchase of the Elgin, Joliet & Eastern Railway for US…

Tax holiday as stimulus, an idea for the times

January 5, 2009
5 January 2008 Tax holiday as stimulus, an idea for the times The following article is excerpted from the 2 January 2009 edition of “globeandmail.com”. Robert Mundell, the celebrated Canadian-born economist, spends much of his time these days in Italy…. Now 76, though, the Nobel Prize winner still…

Progress in BC port talks

January 5, 2009
5 January 2009 Progress in BC port talks The following article is extracted from the 5 January 2009 edition of “The Journal of Commerce”. The threat of a work stoppage at Canada's Port of Vancouver seemed less likely after a marathon collective bargaining session over the weekend. Negotiators for…

Times change at the [Blue Water] bridge

January 5, 2009
5 January 2009 Times change at the [Blue Water] bridge The following is excerpted from the 5 January 2009 edition of “The Observer”. There was a time when crossing the Blue Water Bridge [Sarnia, ON] was as easy as crossing the street. My, how the times have changed. Starting today, U. S. Customs and…

New Secretary General takes up the reins

January 5, 2009
5 January 2009 New Secretary General takes up the reins The following is excerpted from a news release issued by the World Customs Organization on 2 January 2009. At the WCO Council’s annual sessions in June 2008, the Members of the World Customs Organization, represented by Directors General of…

[US] Customs publishes AES penalty guidelines

January 5, 2009
5 January 2008 [US] Customs publishes AES penalty guidelines This article is excerpted from the 2 January 2009 edition of “American Shipper”. U.S. Customs and Border Protection on Friday posted penalty guidelines, effective Feb. 1, for enforcing recent Census Bureau rules requiring exporters and…

International air freight plummets 13.5 percent

January 5, 2009
5 January 2009 International air freight plummets 13.5 percent This article is extracted from the 2 January 2008 edition of “American Shipper”. Airlines experienced a 13.5 percent drop in international cargo volumes during November, reflecting the global decline in business activity and consumer…

Cash is king: China sovereign wealth fund

January 5, 2009
5 January 2009 Cash is king: China sovereign wealth fund This article is extracted from the 5 January 2009 edition of “globeandmail.com”. China's sovereign wealth fund, in an unusually blunt description of its current focus, said on Monday that cash is king and big investments are just about off the…

Fresh start for export control

January 5, 2009
5 January 2009 Fresh start for export control This article is extracted from the 2 January 2009 edition of “American Shipper”; it was written by Paul DiVecchio, president, DiVecchio & Associates, Northboro, Mass. In tough economic times, the challenge of increasing revenues for international market…

China goes easy on 24-hour rule

January 5, 2009
5 January 2009 China goes easy on 24-hour rule This article is excerpted from the 5 January 2009 edition of “American Shipper”. Chinese authorities have informally indicated plans to allow a grace period of three to six months before enforcing a rule that container lines electronically file…

Obama Plan Includes $300 Billion in Tax Cuts

January 5, 2009
5 January 2009 Obama Plan Includes $300 Billion in Tax Cuts This article is excerpted from the 5 January 2009 edition of “The New York Times”. President-elect Barack Obama plans to include about $300 billion in tax cuts for workers and businesses in his economic recovery program as he seeks to win…