Will Newfoundland and Labrador stay in the black? Provincial budget expected today
Newfoundland and Labrador Minister of Finance Siobhan Coady presents the 2021 provincial budget in St.John's on Monday, May 31, 2021. THE CANADIAN PRESS/Paul Daly
ST. JOHN'S, N.L. -
Newfoundland and Labrador's provincial budget will be presented today, following an unexpectedly rosy fiscal update last October.
The budget is expected to show a surplus of about $479 million for the current fiscal year ending March 31, which would be the province's first surplus in more than a decade.
But when Finance Minister Siobhan Coady announced the surprise surplus last October, she warned it was largely due to unexpected tax revenue and may not be repeated in today's budget for the 2023-24 fiscal year.
The Conference Board of Canada said last month that Newfoundland and Labrador may have the country's fastest-growing economy in 2023.
A February report from the board says that growth will be driven by Suncor's Terra Nova offshore oilfield, where production is expected to resume this spring or summer after years of delay.
As of October, the government was carrying a net debt of roughly $16 billion, which works out to nearly $30,200 per person in the province of about 531,000 people.
This report by The Canadian Press was first published March 23, 2023.
CTVNews.ca Top Stories
Early estimates indicate 200 structures damaged in Halifax-area wildfire
Approximately 200 homes or structures have been damaged by the wildfire that began burning Sunday in the Upper Tantallon, N.S., area, according to preliminary estimates.
Danielle Smith's UCP holds onto power in Alberta
Danielle Smith is still the premier of Alberta, surviving a vigorous campaign and a tight vote Monday against NDP challenger Rachel Notley.
Top AI CEOs, experts raise 'risk of extinction' from AI
Top artificial intelligence executives including OpenAI CEO Sam Altman on Tuesday joined experts and professors in raising the 'risk of extinction from AI,' which they urged policymakers to equate at par with risks posed by pandemics and nuclear war.
Toronto Blue Jays player shares anti-LGBTQ2S+ video telling people why they should boycott Target
Toronto Blue Jays relief pitcher Anthony Bass has garnered social media attention once again after sharing an anti-LGBTQ2S+ video on his Instagram.
opinion
opinion | Don Martin: The challenges for Smith and lessons for Poilievre from the Alberta election
Danielle Smith's win in the Alberta election hands her the most starkly divided province confronting any premier in Canada, writes commentator Don Martin.
'This has been called a genocide': New book details the fight for missing, murdered Indigenous women, girls
New investigative book 'Unbroken' shares the stories of families raising awareness for missing and murdered Indigenous women and girls in Canada.
opinion
opinion | Tom Mulcair: David Johnston should leave graciously while he still can
If indeed a majority of the House of Commons says David Johnston has to step down, he'll have no choice but he shouldn’t wait to be shoved. He should leave graciously while he still can, writes former NDP leader Tom Mulcair.
Lone tenant in a $400-a-month apartment could hold up major Montreal condo project
Carla White is the only remaining tenant in her building, which is slated to be demolished to make room for a 176-unit condo project. But in order to move forward, the developer must reach an agreement with White -- and she says she won't leave until she's provided with a home that offers the long-term stability she needs to ensure she won't end up back on the streets.
Rare all-white panda spotted in China's Sichuan province
An all-white giant panda was recently spotted on surveillance video at the Wolong National Nature Reserve, in China's Sichuan province.
Toronto
-
Toronto Blue Jays player shares anti-LGBTQ2S+ video telling people why they should boycott Target
Toronto Blue Jays relief pitcher Anthony Bass has garnered social media attention once again after sharing an anti-LGBTQ2S+ video on his Instagram.
-
Ontario mayor wants to change 'O Canada' lyrics
Mississauga Mayor Bonnie Crombie hopes the city will support calling on the federal government to change the lyrics of “O Canada.”
-
The worst 10 roads in Ontario have been revealed. Here's what you need to know
A busy Hamilton street has once again taken the top spot in the Canadian Automotive Association’s (CAA) annual Worst Roads in Ontario campaign.
Calgary
-
Even with majority, UCP's Copping, Nixon and Milliken lose seats in Calgary
Danielle Smith's United Conservative Party won the election last night but the Alberta NDP made some inroads in Calgary, the city where most of the month-long campaign was fought.
-
Danielle Smith's UCP holds onto power in Alberta
Danielle Smith is still the premier of Alberta, surviving a vigorous campaign and a tight vote Monday against NDP challenger Rachel Notley.
-
NDP wins highly contested Banff-Kananaskis riding
The United Conservative Party has had a lot of support historically in rural Alberta ridings, but the highly contested seat of Banff-Kananaskis has fallen out of their grasp.
Montreal
-
Montreal is spending $30 million to expand and improve bike paths
The City of Montreal announced Tuesday that it would develop over four dozen projects aimed at expanding and improving the metropolis's bike path network. The 53 projects estimated to cost $30 million will develop and upgrade 59.1 kilometres in the cycling network, spanning 14 boroughs and four other municipalities, the city said in a news release.
-
Lone tenant in a $400-a-month apartment could hold up major Montreal condo project
Carla White is the only remaining tenant in her building, which is slated to be demolished to make room for a 176-unit condo project. But in order to move forward, the developer must reach an agreement with White -- and she says she won't leave until she's provided with a home that offers the long-term stability she needs to ensure she won't end up back on the streets.
-
WEATHER
WEATHER | First heat wave of the year expected this week in Montreal
Montreal recorded its first 30-degree temperature of the year on Sunday, and the city could see three more days in the 30s later this week.
Edmonton
-
Danielle Smith's UCP holds onto power in Alberta
Danielle Smith is still the premier of Alberta, surviving a vigorous campaign and a tight vote Monday against NDP challenger Rachel Notley.
-
NDP dominates Edmonton as UCP wins Alberta election
The NDP has been elected or leads in all Edmonton ridings early Tuesday morning after the UCP won a majority government in Alberta late Monday night.
-
Even with majority, UCP's Copping, Nixon and Milliken lose seats in Calgary
Danielle Smith's United Conservative Party won the election last night but the Alberta NDP made some inroads in Calgary, the city where most of the month-long campaign was fought.
Northern Ontario
-
Police officer, school bus driver killed in violent crash north of Woodstock, Ont.
An Ontario Provincial Police officer and a school bus driver are dead after a violent crash north of Woodstsock Monday morning.
-
Driver in critical condition after hitting moose on Highway 69 in Greater Sudbury
One person is in critical condition after hitting a moose on Highway 69 in Greater Sudbury on Friday night, police say.
-
9 active wildfires in northeastern Ontario, 1 highway closed
The Ministry of Natural Resources and Forestry (MNRF) is reporting nine active wildfires in northeastern Ontario on Monday.
London
-
Devastating double loss: Community in mourning as OPP officer and respected school bus driver meet tragic fate
Messages of support continue to come in following the death of an OPP officer and a school bus driver. Both were killed in a crash when their vehicles collided at Oxford Road 33 and Highway 59 northwest of Woodstock.
-
Babs the dog has found a potential home
Babs the dog may have found her forever home after a London couple brought her home Monday night for a trial stay.
-
Extreme heat and poor air quality trigger special weather statement
Those at risk of being impacted by poor air quality are kids and the elderly with underlying medical conditions such as lung or heart disease.
Winnipeg
-
Violent crime in Winnipeg reaches highest level in 13 years: report
The number of crimes in Winnipeg increased by more than 25 per cent in 2022, which includes a record number of homicides, a spike in the use of bear spray as a weapon, and an uptick in property crimes.
-
Family desperate to find missing son last seen heading to school
A Winnipeg family is asking for help to find their missing teenage son whom they haven't seen since he left for school in the Fort Richmond area last Wednesday morning.
-
Motorcyclist airlifted to hospital after serious crash on Lagimodiere
Winnipeg police say the driver of a motorcycle is in stable condition after a serious crash that shut down a section of Lagimodiere Boulevard.
Ottawa
-
Shopify faces class action over severance offered to recently laid off staff
A class-action lawsuit alleges Shopify Inc. reneged on a deal it offered some employees who were laid off in a recent round of cuts.
-
Orleans residents concerned about road plan around future LRT station
Residents in Orléans and the local councillor are raising concerns about the updated road design near the new Convent Glen LRT station.
-
'There's just no one down here anymore': Sports4 moving from downtown, blames lack of foot traffic
It's the end of an era for one sporting goods store at Bank Street and Laurier Avenue. The owner says a lack of foot traffic downtown is behind the decision to close a store that's been operating for 41 years.
Saskatoon
-
'I don't care what people think': Undersized Blades prospect looks forward to proving people wrong
The Blades drafted Benjamin Bowtell in the sixth round of the 2023 Bantam Draft back in April.
-
City of Saskatoon says kitchen pails left hanging on green bins are leading to missed collections
Some Saskatoon residents haven't taken the included kitchen compost pail off their green bins and it’s leading to missed collections.
-
'This gives people a chance to get to the city': Saskatoon speed rail line concept looking for public support
In a province where there are vast distances between cities and towns, one local group is hoping to get public support for an idea to bridge those gaps with a rail line.
Vancouver
-
Widow of West Vancouver man who drowned trying to save dog describes desperate struggle in the water
The widow of a man who died trying to save a dog from drowning in West Vancouver is remembering her husband as a brave man with endless compassion.
-
Danielle Smith's UCP holds onto power in Alberta
Danielle Smith is still the premier of Alberta, surviving a vigorous campaign and a tight vote Monday against NDP challenger Rachel Notley.
-
Fraser Health in hot seat: Doctors at 4 hospitals now citing safety concerns
On Monday, Fraser Health provided two senior leaders to address the latest letter outlining risks to patients, allegations of muzzling, and pleas for help from emergency physicians in the health authority's hospitals.
Regina
-
RCMP at scene of serious collision near Weyburn, Sask.
Weyburn and Fillmore RCMP are at the scene of a serious collision involving multiple vehicles on Highway 13 about 16 kilometres east of Weyburn.
-
Weekend tornado near Regina confirmed as first in Canada of 2023
The first twister of 2023 in the country touched down near Regina over the weekend, according to an analysis from the Northern Tornadoes Project (NTP).
-
#JustCurious What is the proper procedure when being pulled over by police?
We've all been there at some point in our lives when those police lights appear in your rear-view mirror.
Vancouver Island
-
6 cougars killed near Victoria after attacks on sheep farms
Conservation officers have captured and killed six cougars near Victoria this year in response to multiple predatory attacks on sheep farms.
-
Saanich police seek man who stole $600 wheel of cheese
Saanich police are on the lookout for a man who allegedly stole a pricey wheel of cheese from a grocery store last month.
-
Greater Victoria 'Go By Bike Week' kicks off for 29th year
Capital Bike is encouraging Greater Victoria residents to choose cycling as a way to get around the region during "Go By Bike Week," which runs from May 29 to June 4.