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Clearit.ca's Blog on Customs Brokerage and News Updates

Low Loonie Equals Opportunities

The heydays of a high Canadian dollar seem so far way; just a few years back, our Loonie was able to creep up to par with its American counterpart. But those days are gone. With yet another week with a golden loon soaring not so high at 75 cents U.S.D., it may not be optimal for buying within Canada but exporters are taking advantage of a lower Canadian dollar. Low exchange rates equals to lower prices and interesting opportunities for U.S. compa...

CETA Back on Track

What seemed like a doomed deal just a few short few days ago is now going through a certain revival as a tentative deal has been reached between the Belgian government and the regional government of Wallonia. The small region which almost ruined the deal for all the other 27 members of the EU which have opted in favor of CETA, had raised concerns in regards to the dispute court mechanism proposed in the agreement. They vetoed the ratification on ...

Trade Minister Walks out of CETA Talks

It seemed like a done-deal a few days ago, even after a court hearing in Germany’s top court, the Comprehensive Economic and Trade Agreement (CETA between Canada and the EU was going to be signed later next week by Prime Minister Trudeau during a planned summit with EU leaders. That was before Wallonia stepped in. Paul Magnette, president of the Belgian region of Wallonia indicated that talks regarding the agreement were productive but that ...

Top 5 Most Common Mistakes on the NAFTA Certificate of Origin

Information sharing with various government agencies and regulators is part of the import-export business, it's something many businesses feel like they can do with a blindfold on; include some shipping or invoicing data here, throw in the name of the shipper there and the consignee here and then send off the forms. It seems pretty easy and for businesses that do it on a regular basis it truly is routine, but what about the North American Free Tr...

Small Businesses Need to Understand FTAs to Grow

According to the 2016 Small Business Exporting Survey, there is a significant knowledge gap among small and medium sized businesses in relation to understanding how current and future free trade agreements (FTAs) can benefit them and help them grow. The survey, conducted online in early 2016, was answered by 530 U.S. small-business owners. The survey, conducted by the U.S. National Small Business Association in partnership with Livingston Inte...