Employment is up, household income is up, population is up, and inflation has eased.
The deficit and net debt is up for Newfoundland and Labrador but Finance Minister Siobhan Coady says government is meeting expectations fiscally and exceeding expectations economically. Employment is up, household income is up, population is up, and inflation has eased. However, net debt is up from the spring’s $17.8 billion to yesterday’s, $18.3 billion. The deficit has grown to $218 million from $152 million earlier this year. Real Gross Domestic Product is expected to grow by 3.3 per cent, driven by strong consumer spending. The annual unemployment rate is forecast to be at 10.5 percent – a near historical low. Inflation has declined to 2.1 per cent over the January to September period, compared to 2.6 percent nationally. Revenues have decreased by $164 million largely due a reduction in oil royalties because of lower production and a slightly lower oil price, partially offset by a lower exchange rate. Retail sales are expected to remain strong, increasing by 5.1 per cent; up from 2.8 per cent, housing starts are up significantly through the first three quarters of the year, and home sales are also above last year’s levels through September.
RNC looking for 43-year-old James Carew, last seen on Griffin Drive in Corner Brook
April 27th is the cut off to book an appointment for curbside pickup during Corner Brook's spring cleanup
Registration opens tomorrow for the Becoming and Outdoors Woman Workshop
RCMP has nearly doubled the training allowance to become a police officer
Second day of a murder trial in Corner Brook delayed due to lack of sheriff's officers
