Bank of Canada governor Stephen Poloz says he's not expecting a recovery by Canadian exporters that succumbed to the financial crisis, but he remains optimistic replacements will eventually step up to fill the void.
For it to happen, Poloz is counting on companies that pulled through the turmoil to expand their operations and for the emergence of new exporting firms.
The following has been updated and is available on the CBSA website:
Memorandum D8-11-1, Application of the Tailored Collar Shirts Remission Order, 1997
http://www.cbsa-asfc.gc.ca/publications/dm-md/d8/d8-11-1-eng.html
Canada recorded a merchandise trade surplus of $710 million on rising exports of automotive products and other consumer goods, with the third quarter posting the second-highest quarterly trade surplus in 6 years
Previously, any outbound AES/ITN/EEI rail shipment exported from the U.S., through the port of Port Huron, that was found by U.S. Customs and Border Protection (CBP) to have an inaccurate ITN number was placed in a status commonly called the “15 business day hold.” This allowed the exporter fifteen days, after departure, to provide the appropriate or corrected ITN number.
A new global economic forecast by Export Development Canada (EDC) predicts that the momentum of the nascent U.S. recovery will be the key driver of the next global growth cycle.
