Sweet spot

August 26, 2015 // 0 Comments

A statistical overview of the province’s key economic indicators, the industries driving its fiscal performance and GDP forecasts for the next five years

Labrador’s economic contribution to the province grows every year. But are the benefits flowing back? Newly minted Liberal Labrador MP Yvonne Jones is full of fire. And she’s not afraid to throw around words like “territorial status” when it comes to discussing the future of …

The Conference Board of Canada’s provincial outlook, released in June, predicted Canada’s easternmost province will lead the country with a six per cent rise in GDP growth in 2013. And for 2014? Another increase, of about 3.4 per cent. A boom in major industrial development …

On november 3rd, 2008, Newfoundland and Labrador became a “have” province for the first time since it joined Canada. Then-premier Danny Williams released the news during a press conference, saying that figures released by the federal finance department showed, for the first time, the province …

Natural resources are driving the Newfoundland and Labrador economy, with energy projects pushing the province to more than 60 per cent of planned major project spending in the entire Atlantic region. What does that wealth of work mean for the labour market, economy and public …

In desperate economic times — and Newfoundland had its share leading up to Confederation with Canada in 1949 — Labrador was put on the block. During one such attempted sale, in 1924, Newfoundland offered Labrador to Quebec for $30 million, although the already fire-sale price …