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Trade News

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CBSA Message: Interest Rate 2013

The following message is from CBSA (EDI12-097). The annual interest rate for the first quarter of 2013 (January 1st to March 31st) will be 0.9959.

Departmental Performance Reports (DPR)

The Treasury Board of Canada has posted the 2011-2012 Departmental Performance Reports (DPRs). These are individual department and agency accounts of results achieved against planned performance expectations as set out in respective RPPs (Reports on Plans and Priorities). All Departmental…

Additional NEXUS lane opens at Blue Water Bridge

The following is excerpted from an 8 November 2012 news release by Canada Border Services Agency. The Canada Border Services Agency (CBSA) today announced the opening of an additional NEXUS lane at the Blue Water Bridge border crossing, providing more efficient border clearance for low-risk…

Canada's trade deficit shrinks by almost half

The following is excerpted from the 8 November 2012 edition of CBC News. Canada’s merchandise trade deficit shrank in September as exports recovered from a weak summer. Statistics Canada says the deficit fell to $826 million, down from the $1.5 billion in August. Exports rose 1.9 per cent to $38…

Two more NEXUS lanes for B.C. border crossings

The following is excerpted from an 8 November 2012 news release by Canada Border Services Agency. The Canada Border Services Agency (CBSA) today announced that NEXUS members can now enjoy crossing simply and smoothly into Canada at an additional NEXUS lane at the Douglas border crossing located at…

CFIA Import Control Division - Holiday Closure - Nov 12, 2012

The Canadian Food Inspection Agency (CFIA) Import Control Division will be closed for the Remembrance Day holiday on Monday November 12, 2012 from 8:00 AM to 4:00 PM (ET). If you require assistance please contact the: National Import Service Centre (NISC) - Toronto: 1-800-835-4486, 905-795-7834 -…

Update to CFIA AIRS Website

a) Chapter 07 was published to add the end use "Human consumption" for the following HS codes. 07.12.90.3041 - Carrot, dehydrated, sliced, diced or ground 07.12.90.3042 - Carrot root, ground b) Chapter 15 was published to add the following OGD extensions for all countries. 15.18.00.1421.07 - Fish…

CBSA Message: Remembrance Day

The following message is from CBSA (EDI12-096). The following is a message to all Electronic Commerce clients. During the Remembrance Day holiday, Monday, November 12, 2012, between 08:00 and 16:00 (Eastern Time), officers will be available at 1-888-957-7224, option 1 to deal with production issues…

Canadian PM Harper says he fears greater global protectionism

The following is excerpted from the 7 November 2012 edition of Reuters Canada. A trend toward greater protectionism was pushing the world toward a prolonged recession, Canadian Prime Minister Stephen Harper said on Wednesday, although he added an economic catastrophe could be averted. Speaking at a…

For US Exporters, It's Comply, or Else

The following is from the 6 November 2012 edition of the Journal of Commerce. Expectations that exports will lead the U.S. economic recovery are increasing the burden on exporters and freight forwarders to update their internal compliance programs to abide by commercial regulations and security…

House of Commons Approves Government’s Trade Agreement with Panama

The following is excerpted from a 7 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 that the Canada-Panama Economic Growth and Prosperity Act, together…

Global Export Forecast

The Fall 2012 edition of the Global Export Forecast is now available. The Global Export Forecast identifies the major forces acting on the world economy and their implications for Canadian exporters. It describes which foreign markets will offer the best opportunities for Canadian exporters for the…

North American surface transportation up 2.6% in August

The following is excerpted from the 6 November 2012 edition of Canadian Transportation & Logistics. Trade using surface transportation between Canada, the US and Mexico, was 2.6% higher in August 2012 than in August 2011, totaling $82.5 billion, unadjusted for inflation, according to the Bureau of…

Export and import price indexes, September 2012

The following is excerpted from an 8 November 2012 release by Statistics Canada. Current- and fixed-weighted export and import price indexes (2007=100) on a customs or balance of payments basis are now available. Price indexes are listed from January 1997 to September 2012 for the North American…

Harper says Canada needs new markets beyond sluggish U.S.

The following is excerpted from the 8 November 2012 edition of CBC News. Prime Minister Stephen Harper said today from India's bustling hi-tech centre of Bangalore that, re-election or not, U.S. President Barack Obama still faces an economy that will continue to grow slowly, meaning Canada must look…

Canadian international merchandise trade, September 2012

The following is excerpted from an 8 November 2012 release by Statistics Canada. Canada's merchandise exports rose 1.9% and imports were unchanged in September. As a result, Canada's trade deficit with the world narrowed from $1.5 billion in August to $826 million in September. This release is…

Harper warns India to move faster on developing trade

The following is excerpted from the 7 November 2012 edition of CBC News. After a slow-moving summit with his Indian counterpart, Prime Minister Stephen Harper told a business conference today in New Delhi that trade ties between India and Canada are not developing fast enough. Seeming frustrated by…

Transport minister says path clear for Detroit-Windsor bridge

The following is excerpted from the 7 November 2012 edition of CBC News. Canadian Transport Minister Denis Lebel said the path is now clear for a new bridge to be constructed between Windsor, Ont., and Detroit, after Michigan voters were asked to weigh in on whether they should have a say in such a…