Business

Business

3 months ago

Canada Post reporting a $205 million loss

Canada Post has begun a business transformation that aims to strengthen their services. That’s after the postal service recorded a loss, before tax, of $205 million in the first quarter of 2026. Revenue fell by $181 million from last year as volumes declined across all lines of business. parcels, transition mail, and direct marketing fell […]

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3 months ago

Stephenville airport could reopen this summer, after new ownership

The future of the airport in Stephenville has been hanging in the balance after the power was cut nearly a year ago. After the courts approved the sale of the airport to a Calgary-based company early this month, the town says the airport could reopen as early as this summer. Here’s NTV’s Becky Daley with […]

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3 months ago

Canadian Taxpayers Federation gives Finance Minister Craig Pardy good grade on Finance Minister Report Card

The Canadian Taxpayers Federation released its annual Finance Minister Report Card that ranks provincial finance ministers on spending, debt and tax relief in the latest provincial budgets. Newfoundland and Labrador Finance Minister Craig Pardy received an overall grade of C, the highest in Atlantic Canada. Pardy’s predecessor Siobhan Coady received an overall grade of F last year. “Pardy delivered […]

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3 months ago

Province signs Letter of Intent with Kruger Inc. to extend power purchase agreement

The province has signed a letter of intent with Kruger Inc., the owner of Corner Brook Pulp and Paper Ltd., to continue discussions related to its diversification plan, specifically a long-term power purchase agreement between the company and Newfoundland and Labrador Hydro. The province plans to extend the current interim power purchase agreement between Newfoundland […]

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