Note from the Editor

Worldbid offers new Global Importer Directory

Worldbid.com Online Foreign Currency Exchange and Global Payment Services

Bank of Canada holds interest rates steady in wake of the Canadian dollars surge against the US dollar

Note from the Editor

We at Worldbid would like to wish you continued success in your international trade endeavors.

Send suggestions and feedback related to the Worldbid.com Member Newsletter at Contact us.

We look forward to hearing from you.

Worldbid offers new Global Importer Directory

Worldbid is happy to offer our members the Interdata Global Importer Directories. These must have directories for exporters are sorted by both geographic region and industry. Contained in the directory is a wealth of potential customers.

Acquiring the directory is a surefire way to quickly locate new international customers to purchase your products or services. Sign up for a printed or CD-Rom version here: www.worldbid.com/resources/trade_directory.htm

Worldbid.com Online Foreign Currency Exchange and Global Payment Services

Since it's launch Worldbid's Global Payment Services has helped many of our members exchange currency and wire it safely and securely to suppliers and customers alike. Our efficiency and security couple with rates that beat the banks' have gotten great feed back from Worldbid members using the system.

If you have receivables or payables in a foreign currency, let us help exchange your money at the best rates and improve your bottom line... And you can do it all online! Learn about our service at www.worldbid.com/fx/

To request more information please fill out the brief form at: www.worldbid.com/fx/fx_agreement.htm

The recent rise in the Canadian dollar has put a large amount of pressure on exporters in the country as the price of their goods become less competitive. As Canada counts on exports to maintain it balance of trade surplus and buoy its economy this has serious consequence for the country.

The BOC announced today that the overnight lending rate will remain at 2.75%. As the Canadian economy is showing signs of recovery it's no surprise that the interest rate stayed firm. Many exporters had hoped for a reduction on the borrowing rate to help put downward pressure on the Canadian dollar.

Over the last year many benchmark currencies such as the CAD dollar, the Euro and the Yen have all grown stronger against the US dollar as the economy of the United States had shown little sign of a quick recovery.

According to it's March 19 press release the U.S. Trade Representative submitted the proposal to the WTO Rules Negotiating Group to cover a range trade practices including dumping as well as subsidies.