The Bank of Canada has racheted up rates again bringing its benchmark interest rate to five per cent. It’sthe highest level since 2001 and the bank is warning more hikes could be coming. Since the Bank of Canada began raising rates in March 2022, inflation has dropped from a peak of 8.1 per cent last […]
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The Muskrat Falls project, now with a price tag of $13.5 billion, has hit another snag. According to a Liberty Consulting Group report, one of the generating units at the hydroelectric dam has to be dismantled to undergo significant repairs. The cost and timelines are uncertain, according to a report submitted to the public utilities […]
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Stephenville Mayor Tom Rose is fending off concerns about the pending sale of the local airport. The deal was first announced in September of 2021, but the purchase has yet to be completed. As NTV’s Don Bradshaw tells us, the mayor is still confident the issues that have stalled the transaction should be resolved in […]
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Nine players from this province recently helped Canada win gold at the world ball hockey championship, including an MVP performance from one player. NTV’s Mark Dwyer has the story.
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Four teens from Lewisporte say it was their teacher Paul White who inspired them to become avid salmon anglers. And now they’ve partnered with Environmental Resource Management Association on the Exploit’s River to making angling their business. Carter Conway, Colton Coles, Cash Canning and Charles Day have all fallen in love with the sport of […]
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It’s a number never seen before in this province – at least since records have been kept since the mid-1970s. According to Statistics Canada numbers released this week, Newfoundland and Labrador’s unemployment rate has dipped below double digits – now sitting at 8.8%. Newfoundland and Labrador’s unemployment rate fell 1.4 percentage points, from 10.2 per cent […]
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Montreal Canadiens fans got a first glimpse of Alex Newhook in the red, white and blue Monday. The talented young forward was seen training in Boston, preparing for the new season, and the 22-year-old was proudly donning his new colors with the Montreal Canadiens. He was debuting his number 15, which was once worn by […]
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Marine Atlantic has registered the name of its new vessel which will join the fleet next year. The Crown Corporation says this new vessel name pays tribute to Truth and Reconciliation with Indigenous Peoples.The new vessel name announced today is Ala’suinu – a name that means traveller in Mi’kmaq. The new energy efficient vessel is […]
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New clean fuel regulations took effect on Canada Day, making the price at the pumps a little more expensive. Now, Premier Andrew Furey is rallying with other Atlantic Canadian Preimers, to pause the tax hike. NTV’s Ben Cleary has more in this report.
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On Friday the Government of Newfoundland and Labrador announced the appointment of Kevin Fagan as Chairperson of the Board of Commissioners of Public Utilities (PUB). Mr. Fagan’s appointment is for a seven-year term. According to a release issued by the Province, Fagan has worked in various regulatory roles in the electric utility industry for approximately […]
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