A shortage of dollars is a tradition on the Rock, but it hurts more when building for a better future didn't happen during the good times
Although the pillars of the Newfoundland and Labrador economy are suffering, a few bright spots, such as tourism and mining, are showing surprising resilience
A new, rival union for fish harvestors is shaking up the industry, even as fish stocks continue to decline
After a rocky year in office beset by scandals and accusations of incompetence, Liberal premier Dwight Ball finally is setting an agenda for tackling the systemic economic problems that face Newfoundland and Labrador. In early October, Ball – who is facing a leadership review this month – hosted a forum called The Way Forward that […]
Less than a year on the job, premier Dwight Ball is battling a massive loss of support. A slew of regressive new taxes and questionable service cuts are to blame
Good news from Canada’s easternmost province has been tough to come by lately. The effects of low world oil prices, combined with significant cost overruns on the Muskrat Falls hydroelectric project, are profound: personal and business tax increases, a minimum $300 levy on all but the poorest residents, a two percentage point hike to the […]
There is a reason why Newfoundland is referred to as The Rock, as anyone who has walked any part of the island’s jagged, weather-beaten coastline can attest. One is reminded constantly how special the geology of this place is: large “erratics” – boulders marooned by retreating glaciers – dot the landscape; brilliant gashes of coloured […]
Continuing the trend of recent years, Newfoundland and Labrador will feel the damper of lower oil prices. But some mining may benefit from the lower loonie
Oil prices are lagging, and so is prosperity. But massive new investments offshore may mean a North Sea-style boom in the future
Over the past decade, oil revenue prompted a surge of economic prosperity in Newfoundland and Labrador; the construction sector could not find enough workers, real estate values shot skyward, the government invested heavily in infrastructure and social programs, and public sector wages rose at rates unseen in a generation. For several years, the province led […]