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Business

2 months ago

Inflation numbers released by Statistics Canada

Statistics Canada has published its latest rate of inflation numbers and it has dipped below two per cent in February. The dip comes as the end of last year’s federal “tax holiday”. The reading came in at 1.8 per cent year-over-year, that half a percentage point lower than January’s figures. Inflation on food purchased from […]

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2 months ago

HV-GB to introduce tourism tax

Another municipality has also announced it will introduce a tourist accommodation tax. Beginning April 1, Happy Valley-Goose Bay will implement a four per cent tax on the nightly rate of all tourist accommodations. The decision was made by the town’s council in mid-December but was announced in a public advisory late last week. The town […]

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2 months ago

FFAW and ASP reach shrimp price agreement

As the 2026 fishing season approaches, the FFAW and the Association of Seafood Producers have reached an agreement on the price of shrimp. The average price of shrimp will be $1.80 per pound, up from $1.65 per pound last season. That price is for landed to the plant, and landed in St. Anthony or Port […]

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2 months ago

Crude oil prices surpass US$100 a barrel as Iran war impedes production, shipping

Oil prices surged past $100 per barrel this week, the first time they have crossed that mark since Russian invasion of Ukraine. The war involving Iran has triggered a sharp rise in global oil prices, as fears grow over disruptions to energy supplies and key shipping routes in the Middle East. U.S. crude futures climbed […]

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