10 months ago
Bank of Canada holds policy rate
In an announcement on Wednesday, the Bank of Canada maintained its target for the overnight rate at 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent. The bank states that while trade negotiations remain fluid, the global economy has been reasonably resilient. Inflation in the United States increased […]
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10 months ago
Deer Lake frustrated with poor cell phone service
Cell phone service continues to be a concern in parts of the province. Residents and first responders in the Deer Lake area say it seems to be getting worse. NTV’s Becky Daley reports.
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10 months ago
Trucking industry says Ottawa missed the boat with the way it handled Marine Atlantic rate cuts
The federal government is facing backlash for the way it handled cuts to Marine Atlantic ferry rates this week. Ferry traffic to the province is booked solid with tourism at its peak. Many users are happy with a discount coming into effect for passengers coming into effect Aug. 1, but the trucking industry says Ottawa […]
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10 months ago
Bank of Canada to announce overnight rate today
Today, the Bank of Canada will announce its decision on the target for the overnight rate. The announcement will be made at 11:15 a.m. Newfoundland time. On the last adjustment date on June 4, the rate was held at 2.75 percent; it was also held back in April.
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