Trade News

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…

15 October 2008 Chertoff stands ground on 100% scanning This article is excerpted from the 15 October 2008 edition of “American Shipper”. U.S. Homeland Secretary Michael Chertoff remains unapologetic about his department's targeted approach towards implementing a mandate for overseas scanning of all…

15 October 2008 Economic crisis could help re-start Doha trade talks This article is excerpted from the 15 October 2008 edition of “The Journal of Commerce”. British Prime Minister Gordon Brown today called on leaders to use the global economic crisis as an opportunity to reform the world’s…

14 October 2008 D17-1-2, Reporting and Accounting for Low Value Commercial Goods (Under CAN$1,600) Goods eligible for Release Under the Courier Imports Remission Order This memorandum outlines the documentation requirements for the cargo reporting, release, and accounting of commercial shipments…

14 October D1-4-1, CBSA Invoice Requirements; CI1 Revised This memorandum explains the CBSA invoice requirements for commercial goods imported into Canada. Revisions This memorandum is revised as a result of the Paper Burden Reduction Initiative, the revisions are aimed at eliminating obsolete and…

14 October 2008 Revised CBSA Froms The following CBSA forms have been revised: E571, Late Accounting Penalties Application for Waiver, Cancellation http://www.cbsa-asfc.gc.ca/publications/forms-formulaires/e571.pdf L55, Application for Customs Brokers Examination http://www.cbsa-asfc.gc.ca…

14 October 2008 CITT Public Interest Inquiry regarding Carbon Steel Welded Pipe, PB-2008-001 Commentary to the CITT from the Canadian Fence Industry Association and Protin Import Ltd regarding the public enquiry PB-2008-001 is available on the CITT website at: http://www.citt-tcce.gc.ca/doc/english…

14 October 2008 Havi Global Solutions (Canada) Limited Partnership vs. CBSA, Appeal No. AP-2007-014 IN THE MATTER OF an appeal heard on June 11, 2008, under subsection 67(1) of the Customs Act, R.S.C. 1985 (2d Supp.), c. 1; AND IN THE MATTER OF a decision of the President of the Canada Border…

14 October 2008 CN Message: Mandatory filing of export information The following is a CN message to all customers who ship from the U.S. to Canada. The U.S. Census Bureau has issued the final rule amending Title 15, Code of Federal Regulations, Part 30, Foreign Trade Regulations in its entirety. The…

14 October 2008 Ottawa weighs new measures for banks The following article is extracted from the 14 October 2008 edition of “globeandmail.com”. Ottawa is facing pressure to introduce further backstops for the Canadian banking system, following a series of co-ordinated moves by the world's industrial…

14 October 2008 Relieved investors lift stocks worldwide This article is excerpted from the 14 October 2008 edition of “globeandmail.com”. Global investors jumped into equities for the second day in a row on Tuesday, dumping relatively safer assets as they took comfort from concerted efforts by…

14 October 2008 Commodity Prices Tumble This article is excerpted from the 14 October 2008 edition of “The New York Times”. The global financial panic and the economic slowdown have put at least a temporary end to the commodity bull market of the last seven years, sending prices tumbling for many of…

14 October 2008 Japanese Stocks Soar; Europe Also Posts Solid Gains This article is excerpted from the 14 October 2008 edition of “The New York Times”. The rally in global stocks carried over for a second day, with Japanese stocks rocketing Tuesday and European markets posting solid gains in the…