Canadian Customs Broker Blog | Page 11 | Clearit.ca

Customs Consulting and More: The Full Scope of a Customs Broker

A customs broker does more than move a package... Tariff codes, financial documentation, local laws, duty valuations—trying to organize all the moving parts of importing and exporting on your own is a pain. If you’re in the business of—or looking to get into the business of—shipping your goods cross-border, you may have heard of a customs broker and how they can make your life easier. What you may not have heard of is all the differ...

Canadian Banks Need to Stay Competitive in American Business

American business is vital to Canadian banks As NAFTA shakes up trade relations between Canada, Mexico, and the United States, Canadian banks are starting to get worried.   Fair and open trade between the three countries opened the doors up to a lot of available business—business that’s starting to get a little uncertain.   Many, if not all, of the big banks in Canada do business in America. The Bank of Montreal, for example, has...

Scotch Whiskey Exports Rise as Canadian Exports Fall

Canadian spirits had a hard year, with exports falling 5% as a liquor duty increased from 2% to 7.8%. While the American market for spirits was looking like a well-armed competitor with its own cut to duty fees, it is Scotland that has really stepped up and started to export increasing quantities of Scotch whiskey. Scotland is a giant in the worldwide whiskey market, with sales and trade numbers that Canada can’t even come close to. Cana...

Canada’s Trade Deficit—Or Surplus—is a Hot Button Issue

As an uncertain world economy—and uncertain NAFTA prospects at home—shake up world industries and trade, Canada’s trade balance has been in deficit for over a year. While narrowing deficit margins were reported in January of 2018, they increased again in February, widening to 2.69 billion. Exports are rising with higher automotive sales, but so are imports. Energy purchases beyond the border helped raise imports 1.9%, which isn’t anywh...

Overlapping Import and Export Markets Present Opportunities for Exporters and Importers

If you’re an American, that cell phone you’re using was probably manufactured in another country—and this is despite the fact that cell phones made in America rank 7th in the United States’ exports. It’s a similar situation for gas, vehicles, computers, and more. In fact, 6 out of 10 of the top imports into America are part of their top 10 exports. Americans, it seems, crave goods exported from outside the country. If you’re Canadi...