newfoundland & labrador economy

10:05AM
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Furey budget kicks ‘spending’ can down the road

The reduced deficit relies largely on oil and gas royalties and transfers from Ottawa.


9:39AM
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Newfoundland and Labrador can leverage mining potential during COVID recovery

Capital is mobile and will flow to jurisdictions with sound regulatory regimes and competitive fiscal policies.


11:42AM
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Ottawa tweaks regulations for Newfoundland and Labrador’s oil and gas sector

While the regulatory change is welcome news, significant reforms are still required to restore investor confidence.


11:00AM
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In the last 37 fiscal years, the province has only posted seven budget surpluses.


12:00PM
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This year’s deficit is projected at $1.8 billion, equivalent to 6.2 per cent of the provincial economy.