Newfoundland & Labrador Business News

Business

17 hours 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 […]

May 22, 2026

Business, Local News, News

Downtown St. John’s businesses preparing for busy tourism season

May 22, 2026 Read more

May 21, 2026

Business, News

Central towns prepare response to proposed wind and solar farm near Botwood

May 21, 2026 Read more

3 days ago

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

Environmental impact statement submitted for proposed wind energy project near Botwood
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7 days ago

Gander International Airport reports increased traffic
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1 week ago

Fuel prices see minor drop overnight
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4 weeks ago

Ottawa to issue grocery benefit on June 5

A new one-time grocery benefit payment from the federal government is coming June 5. It’s part of Ottawa’s new Canada Groceries and Essentials Benefit which will replace the existing GST/HST credit. The amounts range from $267 dollars for a single Canadian with no children to $717 for those with four or more children. The benefit […]

1 month ago

Inside Story: Premier writes N.L. Hydro to reduce July 1 power rate increase

The Provincial Government is taking action to reduce the electricity rate increase planned for July 1, 2026. Premier Tony Wakeham has written Newfoundland and Labrador Hydro to advise them to apply a $45 million credit from the Rural Rate Alteration (RRA) account to offset the upcoming electricity rate increase relating to Newfoundland Power’s cost recovery. […]

1 month ago

Five projects selected for Newfoundland Power’s EnviroFest 2026

Newfoundland Power has announced the five selected projects for EnviroFest 2026, an annual initiative that supports environmental projects making a positive impact in communities across the island. This year, five community-led sustainability projects have been selected for a grant of $6,000 and hands-on support from Newfoundland Power team members: Projects: · Cowan Heights Elementary School […]

1 month ago

Provincial budget to be delivered April 29; NTV News to bring one-hour live show from 2-3 p.m.

The province will deliver the first budget of the new government on Wednesday, April 29. Budget 2026, according to Premier Tony Wakeham, will focus on improving life for the residents of Newfoundland and Labrador and identifying opportunities for the province’s future. Finance minister Craig Pardy will deliver the Budget 2026 speech at 2:00 p.m. (1:30 […]