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Value of Exports for Job Creation, Economic Growth and Long-term Prosperity

October 23, 2012
The following is excerpted from a 21 October 2012 release by Foreign Affairs and International Trade Canada. Reaching beyond our borders for economic opportunities that serve to grow Canada’s trade and investment is key to the prosperity of every hard-working Canadian. Trade has long been a powerful…

Bank of Canada maintains overnight rate target at 1 per cent

October 23, 2012
The following is excerpted from a 23 October 2012 press release by the Bank of Canada. 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. The global economy…

Plan speeds flow of goods to U.S.

October 23, 2012
The following is excerpted from the 22 October 2012 edition of The Province. Canadian and U.S. border officials have launched a pilot project to speed the flow of goods through customs. The pilot project, which began Oct. 1, involves improving the flow of U.S.-bound marine cargo through the port of…

Canadian Economy Muddles Along in 2012 and 2013

October 23, 2012
The following is excerpted from a 22 October 2012 news release by The Conference Board of Canada. Canada’s domestic economy has softened and our major trade partners are too weak to pick up the slack, limiting growth in real gross domestic product (GDP) to less than two per cent this year, according…

Canada/EU free trade talks proceeding slowly

October 23, 2012
The following is excerpted from the 22 October 2012 edition of CBC News. The European Union's ambassador to Canada says even though it's "crunch time" for free trade talks with Europe, the most contentious issues have yet to be resolved after three years of negotiations. Matthias Brinkmann, head of…

Update to CFIA AIRS Website

October 23, 2012
Chapter 20 was published to; i) add the end uses "Samples for testing" to the following HS code. 20.05.70.2082.03 - Olives with < 15% oil, prepared or preserved (air tight containers) ii) add the end uses "Livestock feed" to the following HS code. 20.09.19.2105 - Orange Juice Concentrate (for use as…

CBSA Message: Exchange rate for Myanmar (Burma) Kyat (MMK)

October 22, 2012
The following message is from CBSA (EDI12-085). The exchange rates, effective April 2, 2012 to August 24, 2012, for Myanmar (Burma) Kyat (MMK), have been revised. The correct rates should have read as follows: April 3 to April 10: .001210 April 11 to April 12: .001220 April 13 to April 16: .001210…

Ports in Canada Building for the Future

October 22, 2012
The following is from the 19 October 2012 edition of the Journal of Commerce. When the 1,200-foot Cosco Guangzhou arrived to load and unload cargo at the Port of Prince Rupert’s Fairview Terminal in mid-September, officials rejoiced at the sight of the largest vessel in the Chinese carrier’s Pacific…

Update to CFIA AIRS Website

October 22, 2012
a) Chapter 06 was published to change the release recommendation from "Refer to CFIA-ISC" to "Refuse entry" for the state of Massachusetts for the following HS codes: 06.02.10.0011.65 - Ash - Unrooted plants (Other Fraxinus spp.) 06.02.10.0021.68 - European ash - Unrooted plants (Fraxinus excelsior)…

U.S. border guards on Canadian soil?

October 19, 2012
The following is excerpted from the 19 October 2012 Niagara Falls Review. Will armed U.S. border guards be on Canadian soil in Fort Erie pre-inspecting commercial vehicles before they go across the Peace Bridge into the United States? While some of those details have not yet been determined, that’s…

CSCB Toronto Region Education Seminar - Basics of NAFTA

October 19, 2012
The CSCB Toronto Region is offering an education seminar on the basics of NAFTA. The seminar will take place at the Four Points by Sheraton Hotel, Toronto Airport, 6257 Airport Road in Mississauga on November 21, 2012 between 2 p.m. and 5 p.m. The speakers are John Moccia, Livingston International…

Import Trade Trends, FY 2012, Mid-year Report

October 19, 2012
CBP have released the Import Trade Trends Report - Fiscal Year 2012, Mid-Year. This report is produced semiannually and features graphical analysis and trade highlights. While U.S. Census Bureau has been producing monthly trade statistics at the aggregate level, this report is designed to trace…