Business

Business

4 months ago

Bay du Nord deal rumoured to be imminent, as premier prepares ‘significant announcement’ at Delta Hotel this evening

Premier Tony Wakeham will make a significant announcement this evening. The news comes as rumours swirl that government has reached a potential deal on the Bay du Nord offshore oil project. In a press release issued yesterday, the provincial Liberals said a deal with Equinor is rumoured to be imminent. They added their party “stands […]

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4 months ago

Beverage sales down, increase in cannabis sales as NLC released third quarter update

Newfoundland and Labrador Liquor Corporation saw a decrease in beverage sales and increase in cannabis sales in this fiscal year’s third quarter. Beverage alcohol sales reached $90.3 million in the third quarter, which ended on Jan. 3, a decrease of 0.4 percent over last year. NLC says the decrease was in part due to the […]

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4 months ago

Military conflict leads to major swing in oil prices

Oil markets are set to see price swings this week as the impact from the United States and Israeli strikes on oil supplies from the Middle East remains unclear. Oil prices have already risen following the military operation in Iran. International benchmark Brent Crude closed at a seven-month high of $72.87 US heading into the […]

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4 months ago

CFIB asking for stronger regulatory accountability and tax relief ahead of opening of the House of Assembly

With the House of Assembly scheduled to open on March 2, the Canadian Federation of Independent Business (CFIB) is calling on the province to make the spring sitting a turning point for small business competitiveness and economic growth. “This spring sitting is an opportunity for government to show that it is serious about creating a […]

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