Prime Minister Mark Carney is wrapping up a busy week abroad. The prime minister visited several countries over the past week and met with world leaders. First off, Carney visited India, where he was greeted by the Prime Minister of India, Narendra Modi, at Hyderabad House. Both leaders delivered a joint statement, and Canada secured a new partnership with India focused on energy, talent, and technology. Canada and India will conclude a new Comprehensive Economic Partnership

Energy NL says a benefits agreement signed between the Government of Newfoundland and Labrador and project partners Equinor and BP for the Bay du Nord offshore oil development marks an important step toward advancing the project. The industry association said the agreement sets expectations for work to take place in Newfoundland and Labrador and outlines opportunities for companies in the province’s supply and service sector. Energy NL CEO Charlene Johnson said the project is

The Newfoundland and Labrador government says it will maintain ownership and control of the Bull Arm fabrication site after cancelling a non-binding memorandum of understanding with North Atlantic. The province announced it has ended the agreement that had explored leasing the site to the company. Officials say the government will continue to manage the property and its marine and industrial facilities. The government said North Atlantic remains an important company in the pr

The new agreement to advance the Bay du Nord offshore oil project is expected to create thousands of jobs in Newfoundland and Labrador and generate billions of dollars in revenue for the province, the provincial government says. The province announced it has reached agreements with project partners Equinor and BP on life-of-field benefits, royalties and an equity option tied to the development. Officials say the deal clears a path forward for the project after it was paused i

The Newfoundland and Labrador government says it has reached agreements with industry partners to advance the Bay du Nord offshore oil project, a development expected to create thousands of jobs and generate billions of dollars in revenue. The province announced it has finalized deals with Equinor and BP covering life-of-field benefits, royalties and an equity option related to the project. Officials say the agreement clears a path forward for the project after it was paused

The Newfoundland and Labrador government says the province’s minimum wage will increase by 35 cents an hour starting April 1, 2026. Labour Minister Mike Goosney announced the change Thursday, saying the increase follows requirements under the province’s Labour Standards Regulations. With the adjustment, the minimum wage will rise to $16.35 an hour. The minimum overtime wage rate will increase to $24.53 an hour. The government said the annual adjustment is tied to changes in t

The St. John’s Board of Trade will introduce its 2026 board of directors and swear in incoming chair Anna Cook during an event this week in the capital city. The organization says business leaders, partners and stakeholders will gather Wednesday at the Delta St. John’s Hotel to recognize incoming and returning directors and outline priorities for the year ahead. The 2026 executive includes Anna Cook as chair, Geoff Spencer as vice-chair, Karen Veitch as second vice-chair, Byr

The Supreme Court of the United States has struck down sweeping global tariffs imposed by President Donald Trump, ruling the measures were not authorized under the law used to enact them. In a 6-3 decision released Friday, the court said the tariffs — applied broadly to goods from multiple countries — were improperly imposed under emergency economic powers that do not allow a president to unilaterally set tariffs. The ruling marks a major development in a long-running legal b

The Newfoundland and Labrador government says it is sharply reducing the amount of Crown land set aside for wind-hydrogen projects after several companies failed to advance development or pay required fees — a shift that critics say raises questions about the province’s earlier ambitions. Energy and Mines Minister Lloyd Parrott said Thursday the government has extended a Crown lands wind reserve for Exploits Valley Renewable Energy Corporation until Feb. 28, 2027. However, re

The Bank of Canada has issued a temporary order to XTM Inc. to immediately cease performing any retail payment activities. This order applies to XTM and its affiliated entities. The order prohibits XTM or its affiliates from conducting any transactions or withdrawals from accounts associated with the AnyDay platform. The Bank has serious concerns that XTM failed to safeguard client funds in its possession and has reason to believe that allowing XTM to continue to perform reta

The federal government is facing renewed criticism over an automatic increase to alcohol excise taxes scheduled to take effect April 1, with opponents arguing the move will add to affordability pressures for consumers and businesses. The Canadian Taxpayers Federation is calling on Prime Minister Mark Carney to cancel the increase, which would raise federal taxes on beer, wine and spirits by two per cent. “Canadians are struggling with the cost of everything and the federal go

The provincial government has cancelled a previously issued request for proposals for a highway twinning project and will move forward using a traditional procurement approach, a decision it says will create more opportunities for local contractors. According to government officials, contracts for brush clearing work associated with the project were previously tendered, awarded and completed, and all required clearing has now been finished. The completed work will remain in p

The federal government is rolling out a sweeping new automotive strategy designed to reduce Canada’s reliance on the United States, accelerate electric vehicle production and protect tens of thousands of workers amid growing global trade uncertainty. Prime Minister Mark Carney announced the measures, positioning Canada’s auto sector as a cornerstone of a broader industrial strategy aimed at building a more resilient and independent economy. More than 90 per cent of vehicles a

The provincial government has announced the closure of the Province’s Boston Office, an office established under the previous Liberal government. According to a statement, the closure will save the province approximately $1 million annually. Departments from within the province will pursue opportunities in established markets while looking to expand outreach in regions such as Asia and Europe. The hope is to continue to maintain relationships with partners in New England, wit

This year, the federal government says it will participate in all fixed-rate Canada Mortgage Bond (CMB) syndications and will target total purchases of up to $30 billion. All purchases will be for five- and 10-year fixed-rate CMBs and will be made in the primary market at syndication through orders placed with lead underwriters, with those orders to be fully filled. The government will not purchase floating-rate CMBs. The Bank of Canada will carry out the purchases and manage

The Federal Court of Appeal has ruled in favour of the Competition Bureau, upholding a previous decision that found Cineplex engaged in deceptive marketing practices through drip pricing. The appeal court upheld a September 2024 ruling by the Competition Tribunal, which found Cineplex had violated the Competition Act by advertising low prices while adding mandatory fees later in the purchasing process. The Competition Bureau filed its application with the tribunal on May 18,

The Bank of Canada today held its interest rate at 2.25 percent, with the Bank Rate at 2.5 percent and the deposit rate at 2.20 percent. The outlook has changed little from October. The outlook is vulnerable to unpredictable US trade policies and geopolitical risks. Economic growth in the United States continues to outpace expectations and is projected to remain solid. Tariffs are pushing up US inflation. China’s GDP growth is expected to slow gradually, as weakening domestic

Prime Minister Mark Carney announced Monday a series of new measures aimed at making groceries and other essential goods more affordable, as the federal government moves to cushion Canadians from rising costs and economic uncertainty. As part of that effort, the government is expanding direct financial supports for low- and modest-income Canadians and investing in food security, domestic production and supply chains. A central plank of the announcement is the introduction of

U.S. President Donald Trump is warning Canada it could face steep trade penalties if it moves forward with a trade deal with China. In a post shared on social media, Trump said that if Canada were to become a “drop-off port” for Chinese goods destined for the United States, the consequences would be severe. He claimed such an arrangement would allow China to undermine Canada’s economy, businesses and social fabric. Trump said that should Canada strike a deal with China under

The provincial and federal government has awarded a $1.67 million contract to Redwood Construction to build 10 micro homes on Army Street in St. John’s. The homes were designed to support people experiencing homelessness by providing safe, affordable housing. Each micro home will be about 500 square feet, smaller than a typical apartment. The project includes two buildings — one with six studio-style units and another with four. Two of the 10 homes will be fully accessible, a