Newfoundland and Labrador

COVID-19 has cost Newfoundland and Labrador’s foodservice sector more than 10,000 jobs since March 1

Thursday, April 2, 2020 - 9:30am

Responses from foodservice operators across the country have revealed:

Key Points: 
  • Responses from foodservice operators across the country have revealed:
    Four out of five restaurants have laid off employees since March 1.
  • Seven out of 10 foodservice operators will further cut back on staff hours or lay off more employees if conditions do not improve.
  • Newfoundland and Labradors $1.1 billion foodservice industry represents 3.3 per cent of the provinces GDP.
  • Newfoundland and Labradors foodservice sector is a $1.1 billion industry that directly employs nearly 17,000 workers and is the provinces number one source of first jobs.

MFDA Hearing Panel approves settlement agreement with Kenneth Foster

Thursday, March 26, 2020 - 9:13pm

TORONTO, March 26, 2020 /CNW/ -A settlement hearing in the matter of Kenneth Daniel Foster ("Respondent") was held on March 26, 2020 in St. John's, Newfoundland before a three-member Hearing Panel of the Atlantic Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA").

Key Points: 
  • TORONTO, March 26, 2020 /CNW/ -A settlement hearing in the matter of Kenneth Daniel Foster ("Respondent") was held on March 26, 2020 in St. John's, Newfoundland before a three-member Hearing Panel of the Atlantic Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA").
  • A copy of the Settlement Agreement is available on the MFDA website at www.mfda.ca .
  • During the period described in the Settlement Agreement, the Respondent conducted business in the St. John's, Newfoundland and Labrador area.
  • For more information about the MFDA's complaint and enforcement processes, as well as links to 'Check an Advisor' and other Investor Tools, visit the For Investors page on the MFDA website.

Husky Energy Suspends West White Rose Project

Sunday, March 22, 2020 - 8:00pm

CALGARY, Alberta, March 22, 2020 (GLOBE NEWSWIRE) -- Husky Energy (TSX:HSE) today announced that it will begin asystematic and orderly suspension of major construction activities related to the West White Rose Project.

Key Points: 
  • CALGARY, Alberta, March 22, 2020 (GLOBE NEWSWIRE) -- Husky Energy (TSX:HSE) today announced that it will begin asystematic and orderly suspension of major construction activities related to the West White Rose Project.
  • We are taking the steps necessary to keep our people and our construction sites safe, said CEO Rob Peabody.
  • Husky is working cooperatively with its contractors to safely suspend all activities, and to demobilize and secure its construction sites.
  • Production from the White Rose field and its satellite extensions, located 350 kilometres off the coast of Newfoundland and Labrador, is continuing withenhancedworkforcecontrol measures introduced to ensure the ongoing safe operations on the SeaRosefloating production, storage and offloading vessel.

Canopy Growth to temporarily close corporate owned retail amid response to COVID-19

Tuesday, March 17, 2020 - 11:18am

Canopy Growth's leadership team has made the decision to temporarily close all corporate-owned Tokyo Smoke and Tweed retail locations across Canada, effective at 5:00 p.m. local time today, March 17.

Key Points: 
  • Canopy Growth's leadership team has made the decision to temporarily close all corporate-owned Tokyo Smoke and Tweed retail locations across Canada, effective at 5:00 p.m. local time today, March 17.
  • For us, that means shifting our focus from retail to e-commerce," said David Klein, CEO, Canopy Growth.
  • Canopy Growth also has a responsibility to its customers and medical patients to continue providing access to their desired cannabis products and prescribed medication.
  • Canopy Growth operates retail stores across Canada under its award-winning Tweed and Tokyo Smoke banners.

Altius Announces Third Renewable Energy Royalty from TGE Transaction

Tuesday, March 10, 2020 - 12:12pm

Altius Minerals Corporation (Altius) (ALS:TSX, ATUSF: OTCQX) is pleased to announce that its subsidiary, Altius Renewable Royalties Corp., has received its third renewable energy royalty, and its first related to a solar energy project, under the royalty financing agreement that it announced early in 2019 with Tri Global Energy (TGE).

Key Points: 
  • Altius Minerals Corporation (Altius) (ALS:TSX, ATUSF: OTCQX) is pleased to announce that its subsidiary, Altius Renewable Royalties Corp., has received its third renewable energy royalty, and its first related to a solar energy project, under the royalty financing agreement that it announced early in 2019 with Tri Global Energy (TGE).
  • However, renewable energy projects like Flatland Solar are helping the Lone Star State diversify its energy sources, strengthen Americas energy independence and further its role as the leader in both conventional and renewable energy, said Congressman Arrington.
  • Great Bay Renewables, a subsidiary of Altius Renewable Royalties, has provided royalty financing in support of Tri Global Energy completing project development.
  • Silverpeaks Renewables group invests in power projects employing established renewable energy technologies, including wind, solar and energy storage.

Wild Harvest Initiative® Launches New Web-based Community

Monday, March 9, 2020 - 5:30pm

ST. JOHN'S, Newfoundland, March 9, 2020 /PRNewswire-PRWeb/ -- Conservation Visions is launching a new website, http://www.thewildharvestinitiative.com , for its flagship program, the Wild Harvest Initiative.

Key Points: 
  • ST. JOHN'S, Newfoundland, March 9, 2020 /PRNewswire-PRWeb/ -- Conservation Visions is launching a new website, http://www.thewildharvestinitiative.com , for its flagship program, the Wild Harvest Initiative.
  • The Wild Harvest Initiative is the first scientific program to assess and communicate the scale, comprehensive value and modern relevance of recreationally harvested wild meat and fish in the United States and Canada.
  • The Wild Harvest Initiative will positively align wild animal harvests with other commonly practiced and well-accepted natural resource use traditions, such as berry-picking, wild beekeeping, and firewood gathering.
  • Conservation Visions Inc. is a wildlife initiative founded by internationally recognized biologist and conservation advocate, Shane Mahoney.

Fraser Institute News Release: Interest costs consume substantial portion of government revenue in Newfoundland & Labrador, Nova Scotia, New Brunswick and P.E.I.

Wednesday, February 19, 2020 - 10:00am

For example, according to Interest Costs and their Growing Burden on Canadians , this year Newfoundland & Labrador will use 13.5 per cent of its revenue to pay interest on its provincial government debtby far the largest percentage in the country.

Key Points: 
  • For example, according to Interest Costs and their Growing Burden on Canadians , this year Newfoundland & Labrador will use 13.5 per cent of its revenue to pay interest on its provincial government debtby far the largest percentage in the country.
  • Nova Scotia (7.5 per cent), New Brunswick (6.6 per cent) and Prince Edward Island (5.7 per cent) will also spend substantial portions of their revenue this year on provincial government debt interest.
  • Per-person combined interest costs (again, both federal and provincial) in Nova Scotia ($1,370), New Brunswick ($1,317) and P.E.I.
  • This upcoming budget season, governments should remember that taxpayers ultimately pay the costs of government debt, said Alex Whalen.

Statement by the Prime Minister on the resignation of Dwight Ball as Premier of Newfoundland and Labrador

Tuesday, February 18, 2020 - 2:35pm

OTTAWA, Feb. 18, 2020 /CNW/ -The Prime Minister, Justin Trudeau, today issued the following statement on Dwight Ball's resignation as Premier of Newfoundland and Labrador:

Key Points: 
  • OTTAWA, Feb. 18, 2020 /CNW/ -The Prime Minister, Justin Trudeau, today issued the following statement on Dwight Ball's resignation as Premier of Newfoundland and Labrador:
    "On behalf of the Government of Canada, I thank Premier Ball for his service to Newfoundland and Labrador, and to our country.
  • "An active member of his community and former entrepreneur, he worked hard to foster sustainable economic growth for the people in his home province, and across Atlantic Canada.
  • This includes working with the Government of Canada to launch the Atlantic Growth Strategy, renew the Atlantic Accord, and support ongoing efforts on electricity rate mitigation.
  • "I thank Premier Ball for his many years of public service, and wish him and his family the very best in the future."

Advisory: Fortis Inc. to Hold Teleconference on February 13 to Discuss 2019 Annual Results

Thursday, February 6, 2020 - 4:00pm

ST. JOHN'S, Newfoundland and Labrador, Feb. 06, 2020 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its 2019 annual financial results on Thursday, February 13, 2020.

Key Points: 
  • ST. JOHN'S, Newfoundland and Labrador, Feb. 06, 2020 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its 2019 annual financial results on Thursday, February 13, 2020.
  • Barry Perry, President and Chief Executive Officer, and Jocelyn Perry, Executive Vice President, Chief Financial Officer, will discuss the Corporation's 2019 annual financial results.
  • A live and archived audio webcast of the teleconference will be available on the Corporation's website, www.fortisinc.com .
  • A replay of the conference will be available two hours after the conclusion of the call until March 13, 2020.

Relative stability following further employment declines anticipated for Newfoundland and Labrador’s construction industry

Monday, February 3, 2020 - 12:30pm

The labour force continues to adjust to pre-peak employment levels, says Bill Ferreira, Executive Director of BuildForce Canada.

Key Points: 
  • The labour force continues to adjust to pre-peak employment levels, says Bill Ferreira, Executive Director of BuildForce Canada.
  • As a consequence, some displaced workers may turn to out-of-province employment or employment in other industries over the next 10 years.
  • In the absence of any new major construction projects following Bay du Nord, non-residential construction employment is expected to return to the pre-expansion levels of the late 2000s.
  • In 2019, approximately 1,600 women were employed in Newfoundland and Labradors construction industry.