• Critics slam Newfoundland, Quebec power agreement as MLA leaves party

  Source: Nova Scotia - Halifax & Regional News
  Date: 2026-09-14 21:06:40.0
  Tags: [Newfoundland and Labrador, Quebec, National, Energy, Infrastructure, Governance]

  The Newfoundland and Labrador legislature opened a four-day debate on a tentative 50-year framework agreement with Hydro-Québec concerning Churchill Falls energy, valued at over $50 billion with $10 billion in federal financing from Prime Minister Mark Carney's government. The proposed energy arrangement involves divvy-ing up power from the 5,428-megawatt Churchill Falls generating station and developing a new 2,700-megawatt generating station at Gull Island on the Churchill River, targeting an estimated return of $49 billion for Newfoundland and Labrador. Amid heavy public protests outside the Confederation Building and criticism over abandoning a promised referendum, Progressive Conservative MLA Keith Russell left the governing caucus to sit as an Independent for his Labrador district.

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• Statement from the Honourable Tony Wakeham, Premier of Newfoundland and Labrador on the Canada Investment Summit

  Source: Newfoundland & Labrador - Government Releases
  Date: 2026-09-14 12:15:07.0
  Tags: [Newfoundland and Labrador, National, Economy, Energy, Infrastructure, Resources]

  Newfoundland and Labrador Premier Tony Wakeham announced that while he cannot attend the Canada Investment Summit in Toronto due to a special sitting of the House of Assembly, government officials and a team of representatives will attend to engage with global investors regarding major provincial opportunities. The province highlights its $50-plus-billion capital spend tied to the new Churchill Falls and Gull Island clean energy deal—noted as the largest clean energy investment in North American history—alongside ongoing international profiling of strategic projects such as Bay du Nord and the Churchill projects across the energy, critical minerals, technology, and natural resources sectors.

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• Canada's oil windfall may yet wipe out its losses from tariffs

  Source: CBC Politics
  Date: 2026-09-13 08:00:00.0
  Tags: [National, Alberta, Newfoundland and Labrador, Trade, Energy, Economy]

  U.S. President Donald Trump's imposition of tariffs affecting approximately $27.6 billion in Canadian products—costing Canada's GDP an estimated 0.5 per cent ($10 billion to $20 billion annually)—may be fully offset by a surge in global oil prices topping $100 US per barrel. Driven by ongoing Middle East conflicts involving Iran and Houthi rebel attacks on Saudi energy infrastructure including the Petroline pipeline, Brent crude has reached nearly $110 US per barrel, generating windfall profits for the Canadian oil industry and bolstering government revenues. Specifically, Alberta has reversed a projected $9.4-billion deficit into a $2-billion surplus, Newfoundland and Labrador anticipates an additional $500 million in coffers, and federal corporate and personal income taxes stand to gain roughly $2 billion for every $10 increase in the price of a barrel of oil.

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