Trade News

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…

8 October 2008 Certain stainless steel wire Notice of Conclusion of Re-investigation This notice advises that, on October 8, 2008, the Canada Border Services Agency (CBSA) concluded its re-investigation of the normal values and export prices of certain stainless steel wire originating in or exported…

8 October 2008 Major central banks slash rates in extraordinary move to ease crisis The following is excerpted from the 8 October 2008 edition of “globeandmail.com”. Major central banks took the extraordinary step of deeply cutting interest rates in an emergency co-ordinated move Wednesday, a…

8 October 2008 Fed trolls Canada to rescue U.S. banks The following is excerpted from the 7 October 2008 edition of the “Financial Post”. In a desperate bid to help U.S. banks recapitalize, Washington is dropping its inhibitions and reaching out to Canadian financial institutions to gauge their…

8 October 2008 International supply chain management experts meet in Alberta The following was reported on in the 7 October 2008 edition of the “Canadian Transportation & Logistics”. Supply chain management (SCM) experts from 13 countries will be attending the Sixth Annual International Symposium in…

8 October 2008 Statement by the Minister of Finance on the Upcoming G7 Meeting The following was released by Finance Canada on 8 October 2008. The Honourable Jim Flaherty, Minister of Finance, today issued the following statement: "Yesterday the Prime Minister and I met to discuss international co…

8 October 2008 Changes in manifest filings coming Jan. 1 in China The following is excerpted from the 8 October 2008 edtion of “American Shipper”. Chinese Customs is making changes to advanced manifest requirements beginning Jan. 1, changes that will require shippers and carriers to file manifests a…

7 October 2008 New Import Requirements for Food Products from China Containing Milk or Milk-derived Ingredients The Canadian Food Inspection Agency (CFIA) is advising all importers of food products from China containing milk or milk-derived ingredients that the Agency will require documentation…

7 October 2008 D1-7-1, Posting security for transacting bonded operations This memorandum outlines and explains general policies and procedures relating to the posting of security for participating in Canada Border Services Agency (CBSA) bonded transactions. A request to participate in a bondable…

7 October 2008 Enroll in the Certified Customs Specialist (CCS) Course before the deadline! Members are reminded that the deadline for submission of applications for this year’s Certified Customs Specialist (CCS) online course is Friday, 31 October 2008. Please ensure that we receive your…

7 October 2008 CP Message: Winnipeg, Edmonton Facility Hours Members are advised of the following changes to operating hours at our Winnipeg and Edmonton terminals: Effective October 25, 2008 - Winnipeg Intermodal Facility gates will be closed to all truck traffic from 15:30pm to 23:59pm on…

7 October 2008 EICS: Thanksgiving Holiday Monday 13 October is a civic holiday, and the Bureau's offices will be closed (no officers or Help Desk staff will be available). The EICS system will be available during normal hours. The Help Desk email will be monitored between 08:00 - 16:00 (EST) for…

7 October 2008 Update to CFIA AIRS website Chapters 04, 12, 17, 18, 19, 21 and 22 were published to change the release recommendation from "Approved" to "Refer to CFIA-ISC" for the following HS codes for Afghanistan, Bangladesh, Brunei Darussalam, Cambodia, Hong Kong, Indonesia, Korea (Democratic…