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Business

5 months ago

Trucking industry says Ottawa missed the boat with the way it handled Marine Atlantic rate cuts

The federal government is facing backlash for the way it handled cuts to Marine Atlantic ferry rates this week. Ferry traffic to the province is booked solid with tourism at its peak. Many users are happy with a discount coming into effect for passengers coming into effect Aug. 1, but the trucking industry says Ottawa […]

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5 months ago

Bank of Canada to announce overnight rate today

Today, the Bank of Canada will announce its decision on the target for the overnight rate.  The announcement will be made at 11:15 a.m. Newfoundland time. On the last adjustment date on June 4, the rate was held at 2.75 percent; it was also held back in April.

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5 months ago

Fare cuts coming Aug. 1 for Marine Atlantic

A ferry trip between this province and Nova Scotia, will soon be cheaper. As NTV’s Beth Penney tells us, as of August 1st, Marine Atlantic will cut its rates, with a new funding promise today from the Prime Minister.

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5 months ago

Ottawa to cut Marine Atlantic fares by 50 per cent

The federal government has announced major cuts to tolls, fares for inter-provincial ferries in Atlantic Canada, as well as Marine Atlantic this morning, making good on an election campaign promise. It means Marine Atlantic will reduce its fares by 50 per cent for passengers and passenger vehicles on both routes, as well as a freeze […]

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