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Bank of Canada maintains overnight rate target at 1 per cent

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent... In Canada, economic activity in the third quarter was weak, owing in part to transitory disruptions in…

Requirements for Imports of Aquatic Animals

The requirements for imports of aquatic animals (finfish, molluscs, and crustaceans) into Canada are changing. Beginning December 10, 2012, aquatic animals listed on Schedule III of the Health of Animals Regulations will require an import permit to enter the country. This measure is aimed at…

CYCLES LAMBERT INC. vs CBSA, Appeal No. AP-2011-049

Decision and reasons issued Thursday, November 22, 2012 IN THE MATTER OF an appeal heard on October 11, 2012, pursuant to 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 Services Agency, dated September 19, 2011…

US demand still strong: Canadian exporters

The following is from the 30 November 2012 edition of Canadian Transportation and Logistics. Demand from US customers has remained strong over the past six months, Canadian exporters said in a semi-annual survey of exporters and investors by Export Development Canada (EDC). Three quarters of…

Notices and Proposed Regulations

Members may be interested in the following, published on 1 December 2012 in Part I of the Canada Gazette. 1. Canadian International Trade Tribunal. Finding that liquid dielectric transformers originating in or exported from the Republic of Korea had been dumped, and pursuant to subsection 43(1) of…

Canada's economy disappoints in third quarter, outlook dim

The following is excerpted from the 30 November 2012 edition of Reuters Canada. Canada's economy lost some fizz in the third quarter as exports suffered their biggest drop in three years and businesses scaled back investments, though the slowdown is unlikely to knock the Bank of Canada off its rate…

CBP turns triple play for trade facilitation

The following is from the 29 November 2012 edition of American Shipper. U.S. companies that have been certified as operating secure supply chains could soon achieve faster processing of their international cargo by taking advantage of three new measures unveiled this week by border management…

Release of The Fiscal Monitor, September 2012

The Honourable Jim Flaherty, Minister of Finance, today released The Fiscal Monitor for September 2012. Highlights September 2012: budgetary deficit of $2.7 billion There was a budgetary deficit of $2.7 billion in September 2012, compared to a deficit of $2.7 billion in September 2011. The entire…

Canada and Japan Conclude Productive First Round of Trade Negotiations

The following is excerpted from a 30 November 2012 news release by Foreign Affairs and International Trade Canada. The Honourable Ed Fast, Minister of International Trade and Minister for the Asia-Pacific Gateway, today announced the productive conclusion of the first full round of negotiations…

EU 'very close' to an 'ambitious' trade deal with Canada

The following is excerpted from the 29 November 2012 edition of CBC News. The European Union is "very close" to an "ambitious" free-trade deal with Canada, its trade commissioner said Thursday, with negotiations still seemingly needed on agriculture and investor protections, among other issues…

Windsor CBSA/Customs Brokers' Meeting, 14 November

Additional information from the Windsor CBSA/Customs Brokers' meeting held on 14 November 2012 is now available on the Ontario Region page of the CSCB members site. To access, please go to our website at www.cscb.ca, login, click "My Account", "Corporate Member Services" and look under “Regional…

Fourth CCS Quiz of 2012 now available!

For the benefit of CCS designates who have not yet attained their 20 required CCS points for 2012, the CSCB is offering a fourth quiz. The quiz will be available on Thursday, November 29th and will close at 2 p.m. EST, on Thursday, December 20th. This quiz includes 50, not the standard 25, questions…

Canadian Government Promotes Canadian Food in Peru to Boost Exports

The following is excerpted from a 28 November 2012 news release by Agriculture and Agri-Food Canada. The Harper Government will harvest more export opportunities for Canada's top-quality foods while promoting them to international importers, consumers, and media at an event today in Lima, Peru. The…