newfoundland & labrador economy

6:00AM
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Despite surplus, Newfoundland and Labrador government must rein in spending

Total government revenue is expected to be $1.3 billion higher than projected in the province's budget.


1:54PM
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Newfoundland and Labrador government should reduce spending in face of dire fiscal outlook

The province’s debt as a share of the economy is projected to more than triple by 2046.


4:30AM
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Average family in Newfoundland and Labrador will pay more than 46% of income on taxes

The province's net government debt has increased by more than 18 per cent since 2019.


9:18AM
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Newfoundland and Labrador should unleash province’s mining potential

The mining industry plays a central role in the province's economic growth and job creation.


10:32AM
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Furey government should stop resource revenue roller-coaster

The logic is simple—save resource revenue during good times to cover the shortfall during bad times.


12:57PM
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Red tape damaging Newfoundland and Labrador in the eyes of investors

Ottawa has added new subjective criteria to the regulatory process. 


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.