DBRS Morningstar has upgraded the Provincial Government’s long-term debt to A from A (low), and changed the trend on all long-term ratings to stable.
Good news today for the province’s credit rating. DBRS Morningstar has upgraded the Provincial Government’s long-term debt to A from A (low), and changed the trend on all long-term ratings to stable. This is the first time in 12 years that the province has received an upgraded credit rating, and demonstrates that our financial situation is moving in the right direction. The ratings upgrade reflects Newfoundland and Labrador's improving fiscal outlook, along with the commissioning and operations of the Muskrat Falls Project. Finance Minister Siobhan Coady says factors included rate mitigation, a much improved fiscal outlook, and an expected improvement in real GDP growth in 2023 - unlike the rest of Canada - primarily because of increased mineral production and higher capital investment.
RCMP encourage everyone to put safety first during the holidays
Applications are open for the Multiculturalism Grant Program, up to $1500 available for qualifiers
Baseball is a 12-month sport in Corner Brook, next session for Barons Academy to start January 5th
New agreement means NL Hydro can buy power from Corner Brook Pulp and Paper at reduced rate
Two drivers picked up in Corner Brook this past weekend for impaired driving
