Wednesday , November 13 2019
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Canada

Customs Verifications (Audits): Planning To Succeed

Customs Verifications (Audits): Planning To Succeed1 – Part II The process of handling a customs verification can be an extraordinarily difficult undertaking for the uninitiated. Part I of this bulletin outlined how to prepare for a verification, what the government is looking for, the primary considerations for company counsel, and common issues that arise. Part II below discusses what happens ... Read More »

Canada Commences Expiry Review Of Carbon Steel Fasteners From China/Taiwan

the Canada Border Services Agency announced the start of the expiry review (Canada’s sunset review process) of the antidumping and countervailing duty order against carbon steel fasteners from China (AD/CVD) and Taiwan (only AD). The AD/CVD duties have been in effect since January 2005. We were involved in the original investigation and the expiry reviews. This is the third expiry ... Read More »

Barring Canadian inmates access to clean needles unconstitutional: activists

Barring drug-using federal prisoners from access to clean syringes puts them at risk for serious diseases and violates their rights, an Ontario court is set to hear. For two days starting Monday, prison and other activists are expected to make the case that Ottawa’s rules and policies around needles in prisons are unconstitutional. “The absolute prohibition on sterile injection equipment ... Read More »

Brookfield set to sail from $2b-plus Qld coal port

Canadian investment heavyweight Brookfield is seeking a buyer for its big coal port in Queensland. Street Talk can reveal Brookfield has hired investment bank Bank of America to auction the Dalrymple Bay Coal Terminal, which is one of the largest coal exporting ports in the world. It is understood Brookfield and Bank of America have booked meetings with potential buyers ... Read More »

Greater Sudbury Airport exploring options for international flights

The Greater Sudbury Airport is exploring options to offer international flights and bring customs to the city. Currently there are no Canada Border Service Agency officers at the airport. People travelling internationally clear customs either prior to leaving Canada, at a connecting airport or once they arrive at their international destination — meaning travellers often have to make an extra ... Read More »

7 reasons Canada could escape economic doom: Don Pittis

For those looking for some fresh economic bad news last week, it wasn’t hard to find. On Friday, the country that is now by some measures the world’s biggest economy, China, slumped to its lowest ebb in nearly 30 years. The United States, the biggest economy in dollar terms, had frightening news of its own as an unexpected slump in ... Read More »

Trade deficit narrowed to $955M in August as Canada sold more oil and jets

The gap between what Canada buys from the rest of the world and what it sells narrowed to just under $1 billion in August, as higher exports of energy and aircraft drove exports to more than $50 billion. Statistics Canada reported Friday that Canada’s merchandise trade deficit narrowed to $955 million in August, down from $1.4 billion the previous month ... Read More »

Vape product concerns weigh on Canadian cannabis companies looking for sales boost

A U.S. recommendation that consumers avoid vaping products containing the active ingredient in marijuana ahead of their legalization in Canada next month could be a blow to Canadian cannabis companies’ hopes that the higher-margin products will help propel them to profitability. The U.S. Centres for Disease Control and Prevention (CDC) said Friday that an investigation into 805 confirmed or probable ... Read More »

Cannabis Canada: Congress set to ease restrictions on banks’ pot business

The U.S. House of Representatives is poised to pass a bill that would ease restrictions against banks doing business in the cannabis industry. The legislation would protect financial institutions working with pot companies in states were cannabis is legal against federal punishment, shedding some much-needed clarity in the burgeoning industry. Bloomberg reports that while the Secure And Fair Enforcement Banking ... Read More »

Huawei executive in court this week seeking more information in extradition case

Huawei executive Meng Wanzhou will this week appear in court where judges in two separate courtrooms will hear arguments that are part of her legal team’s two-pronged approach to have her extradition case thrown out. At a preliminary disclosure hearing beginning Monday, Ms. Meng’s lawyers are set to seek details from prosecutors about her arrest at Vancouver International Airport on ... Read More »

Canada’s new ambassador to China was already facing questions for his business ties

VANCOUVER—Canada’s new ambassador to China recently married the head of Asia Pacific operations for BlackRock, the world’s largest asset-management firm, raising concerns among former ambassadors and a democracy watchdog that Dominic Barton will encounter conflicts between his personal interests and public role. The ambassador’s Sept. 4 appointment immediately drew questions from political commentators, who asked whether Barton — a veteran ... Read More »

U.S. strike against GM threatens Canadian plants

As 49,000 United Auto Workers in the U.S. strike against General Motors, there’s a risk the walkout could shut down GM Canada’s plants and auto-parts makers in Ontario. GM Canada says it is monitoring the situation closely for any impact to Canadian operations. The North American auto industry is highly integrated, with assembly plants here in Canada reliant on parts ... Read More »

An idea worth debating this election — tax fairness for Canadian professionals

The gap between top personal income tax rates and small-business income tax rates has widened over the past 20 years, making it more attractive for professionals to incorporate and earn income through their Canadian-controlled private corporations (CCPCs). With top marginal tax rates now exceeding the psychological barrier of 50 per cent, the incentive to incorporate can be powerful. At the ... Read More »

Canada appoints former McKinsey consultant envoy to China

OTTAWA : Canada has appointed veteran business consultant Dominic Barton as ambassador to China, Prime Minister Justin Trudeau said on Wednesday, as the government grapples with a major diplomatic and trade dispute between the nations. Barton, 56, a Ugandan-born Canadian who stepped down as global managing partner of consulting firm McKinsey & Co last year, has extensive experience in China ... Read More »

New PoCo rec centre opens without change rooms for referees

Port Coquitlam’s new community centre has opened without separate change rooms for referees, breaking a requirement needed for local sports teams to play home games. Nadia Stewart reports. – A A + Port Coquitlam athletes have been eagerly awaiting the opening of the city’s new multi-million-dollar community centre, which will now be the new home of several local sports teams. ... Read More »

TD Bank caps earnings at Canada’s 5 biggest banks with profit rise to $3.2B

TD Bank Group reported its third-quarter profit grew to $3.248 billion, helped by improved results across the bank. The Toronto-based lender said Thursday the profit amounted to $1.74 per diluted share for the quarter ended July 31. The result was up from $3.105 billion or $1.65 per diluted share in the same quarter last year. On an adjusted basis, TD ... Read More »

Canadian lobster exports boom amid U.S. trade tensions with China

U.S. lobster exports to China have fallen off a cliff this year as new retaliatory tariffs shift the seafood business farther north. China, a huge and growing customer for lobster, placed heavy tariffs on U.S. lobsters — and many other food products — in July 2018 amid rising trade hostilities between the Chinese and the Trump administration. Meanwhile, business is ... Read More »

Canadian woman faces lifetime ban after getting caught with CBD oil at U.S. border

U.S. border protection has barred a young Canadian woman from crossing the border after cannabidiol (CBD) oil was found in her backpack — a non-psychoactive product of the cannabis plant she uses to treat the painful side effects of scoliosis. The woman, who has asked not to be identified by CBC News pending the outcome of an application for reentry, ... Read More »

Last week’s gloom and doom has not seized Canadian economy yet: Don Pittis

A glance at the business headlines over the past week might have left you thinking the world was on a fast track to economic Armageddon. Markets crashed. There were renewed warnings about the inverted yield curve, which, almost bizarrely, has moved from economic arcana to bar chatter. Banks in Denmark offered to pay interest to mortgage seekers to encourage them ... Read More »

Wealthsimple targets Canada’s richest with Grayhawk partnership

Wealthsimple Inc., the robo advisor favoured by millennials, is expanding in the opposite end of the Canadian wealth spectrum — services for high-net worth families. The investment firm’s Wealthsimple to Advisors unit will provide technology, dealer and advisory services to Grayhawk Investment Strategies Inc., a Calgary-based firm that manages about $800 million for 30 of Canada’s richest families. Wealthsimple will ... Read More »