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  #21  
Old Posted Jan 17, 2013, 1:04 PM
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and another...

http://www.financialpost.com/markets...215/story.html

Quote:
NSP Maritime Link Inc, a wholly-owned subsidiary of Emera Newfoundland and Labrador Holdings Inc. and an affiliate of Nova Scotia Power, has filed its Environmental Assessment Report (EA Report) for the Maritime Link Project with the Canadian Environmental Assessment Agency, Nova Scotia Environment, and Newfoundland & Labrador's Department of Environment and Conservation.

This is a major milestone in the federal and provincial environmental assessment processes for the proposed Maritime Link, an electrical transmission project which will link the provinces of Newfoundland & Labrador and Nova Scotia for the very first time. The Maritime Link will help meet the federal legislative requirement to reduce coal emissions through the use of increased renewable energy.

Environmental Assessment is a formal regulatory review process that considers environmental, social and economic effects of projects. The process is administered by regulation through the federal and provincial governments and ensures that projects proceed in an environmentally responsible manner. The EA report for the Maritime Link identifies mitigation measures that will be employed to ensure the project is constructed in an environmentally appropriate manner.

“For almost two years our project team has been meeting and consulting with Aboriginal groups, the general public and other stakeholders,” said Rick Janega, President of Emera Newfoundland & Labrador. “The Environmental Assessment Report includes a considerable amount of feedback from our consultation process, as well as a thorough analysis of potential effects on the environment. It relies on numerous scientific studies and on third-party expertise to support the findings it contains.”

The 737-page Maritime Link Project Environmental Assessment Report can be viewed at:

•Nova Scotia Environment EA website: http://www.gov.ns.ca/nse/ea/projects.asp
•Newfoundland & Labrador Department of Environment and Conservation EA website: http://www.env.gov.nl.ca/env/env_ass...618/index.html

edit: I posted both of these to the Atlantic Provinces forum as well.
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  #22  
Old Posted Jan 17, 2013, 2:49 PM
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Big stuff on the horizon

Labrador business group highlights activity in region

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Big Land full of opportunity, says Labrador North Chamber of Commerce

Topics : Labrador North Chamber of Commerce , Delta Hotel and Convention Centre , Newfoundland , Northern Exposure , St. John's
Building upon the success of its annual Expo Labrador conference, the Labrador North Chamber of Commerce will hold an event in St. John’s next week, promoting business opportunities in Labrador.
The "Northern Exposure 2013" conference and trade show will be held at the Delta Hotel and Convention Centre in St. John's from Jan. 22-24.
As with Expo Labrador, Northern Exposure — www.ne2013.com — will be focused on promoting new industrial projects, but also discussion of the opportunities and challenges in engaging with Labrador’s small to medium-size enterprises, many supporting the larger projects.
In the lead up to the conference, the chamber has released an informational graphic reflecting some of the activity in the Big Land.
“As Labrador enters this new phase of development, there will be an immediate need for growth in the service and infrastructure sectors, in addition to the developments themselves. The opportunities that exist in Labrador are plentiful and strategically located just north of Newfoundland’s backyard,” said Sterling Peyton, president of the Labrador North Chamber of Commerce, in a statement issued by the chamber this morning.
“We continue to hear from companies who are quickly becoming aware of the depth of opportunity in Labrador but are unsure how to tap into the region,” Peyton said.
The conference in St. John’s is expected to help connect those interested in the activity in Labrador with potential partners who can help them become involved, established, further north, he said.
Peyton said companies from China, India, Australia and South Africa, have been looking to conduct business in Labrador and invest in the region in recent years.
The Telegram will have more from the conference next week.


http://www.thetelegram.com/News/Loca...ty-in-region/1
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  #23  
Old Posted Jan 17, 2013, 3:11 PM
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Newfoundland & Labrador to Lead Canada in Economic Growth in 2013

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Newfoundland & Labrador's economy is expected to rebound in 2013 as oil production improves and investment activity remains robust, according to the Provincial Monitor report released today by BMO Economics. Real GDP growth is expected to lead the country in 2013 with a rate of 4.5 per cent.

"Construction and capital investment activity have been key economic drivers in the province in recent years, and growth continues at a strong clip," said Robert Kavcic, Senior Economist, BMO Capital Markets. "Major capital projects are ongoing in the iron ore sector, such as Vale's nickel processing facility at Long Harbour; the offshore oil sector, including the Hebron project which was confirmed by Exxon Mobil in recent weeks; and the development of Muskrat Falls."

Underlying economic trends in the province are solid. "The jobless rate ended 2012 near a record low at 11.5 per cent, spurred by the fastest pace of job growth in the country at 3.7 per cent year-over-year in December," stated Mr. Kavcic. "Average weekly earnings rose a heated 5.7 per cent year-over-year through October, supporting consumer spending."

"Across the province we are seeing solid business growth in construction and capital investments and 2013 should be a good year for business growth and employment opportunities," said Jim Fallon, District Vice President, Newfoundland & Labrador, BMO Bank of Montreal. "Entrepreneurs are also showing a solid level of optimism and small businesses continue to be a strong source of strength."

Offshore oil production was down in 2012 as a maintenance shutdown at Terra Nova exacerbated a broader trend of declining output. "Output should bounce back this year, although the longer-term trend remains downward given that overall output has peaked and won't rise until Hebron comes on stream later in the decade," noted Mr. Kavcic.

The Province of Newfoundland & Labrador revised its deficit forecast steeply to $723 million in fiscal 2012-2013, or just over 2 per cent of GDP, from $258 million projected in the budget. While not totally unexpected given the weaker oil price environment, the downgrade was quite steep, and leaves the deficit in Ontario's neighbourhood as a share of GDP. Total revenues are now tracking nearly $490 million (6.8 per cent) below the budget forecast, with oil royalties slicing $436 million from the total (Brent crude is now forecast at $109.53 vs. $124.12 in the budget).

The full Provincial Monitor can be downloaded at www.bmocm.com/economics.
http://www.marketwire.com/press-rele...mo-1746953.htm
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  #24  
Old Posted Jan 25, 2013, 1:00 PM
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Mayor touts a decade of growth at Rotary Club

Source: The Telegram
Jan 25, 2013
Author: Katie Starr

Quote:
If the past is any indication, the future looks bright for St. John’s and the metro area.
Mayor Dennis O’Keefe says a decade of economic growth has launched the City of
St. John’s on its way to becoming the “best city” in Canada by 2021.
Retail trade, employment rates, commercial growth and personal income have all seen steady increases since 2002, O’Keefe said.
In particular, the tourism industry has become a major generator for the city and province, said O’Keefe, and needs to be pursued.
“We have to realize its an industry that’s renewable, and if we cultivate it, we’ll have it for forever and a day,” O’Keefe said.
Unlike the oil industry, tourism is an infinite resource, said O’Keefe, who made his remarks in a speech to the Rotary Club of
St. John’s Thursday.
He pointed to a 66 per cent increase in air passenger traffic at St. John’s International Airport since 2002.
“This is reflective of our strong economy and tourism industry,” O’Keefe said.
In addition, hotel rooms sold have increased by 53.7 per cent in the past decade.
O’Keefe pointed to several other indicators of economic growth, and was particularly proud of growth in the commercial sector and residential downtown development.
“There’s zero vacancy in commercial space right now, but I can guarantee you there isn’t zero demand,” he said.
http://www.thetelegram.com/News/Loca...-Rotary-Club/1
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  #25  
Old Posted Jan 30, 2013, 12:24 PM
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WOW!! look at fortis go! :O

They may need more office space soon hahah seems like they are taking over North America! They need a very significant office tower here! and GOOD on them for staying in St. John's! many NL companies move their headquarters to Toronto after they become so succesful

Consumer protections puts Fortis’ U.S. deal to bed


Quote:
A merger between New York-based CH Energy Group and Fortis was on the fast track — announced in February 2012 and approved by CH Energy Group shareholders in June 2012 — before it hit a snag with U.S. regulators.
This week, the companies issued a statement to announce the deal is moving ahead, under an agreement providing specific protections for ratepayers of Central Hudson Gas and Electric, a utility subsidiary of CH Energy.
CH Energy has about 300,000 electric and 75,000 gas energy customers in New York state.
The announcement sent the price of Fortis shares up in response Monday.
“The settlement agreement will moderate future customer rate increases by providing $35 million to cover expenses that normally would be recovered in customer rates, for example significant restoration expenses related to superstorm Sandy,” according to a statement issued by both companies.
“Also under the terms of the (agreement), Central Hudson customers will save a guaranteed $9.25 million over five years resulting from the elimination of costs the utility now incurs as a public company.
“Additionally, the settlement agreement requires that customer delivery rates be frozen until July 1, 2014 and requires the establishment of a $5-million Customer Benefit Fund for economic development and low income assistance programs for communities and residents of the Mid-Hudson Valley.”
As part of the settlement, Central Hudson will maintain its current employees, name and headquarters in Poughkeepsie, New York.
The deal was originally estimated at $1.5 billion and is now expected to close in the second quarter of 2013, subject to approval from the New York State Public Service Commission.
“Fortis worked closely with management of Central Hudson through this thorough regulatory approval process and has gained increased knowledge about the utility’s operating philosophy and the regulatory oversight requirements in New York State,” Stan Marshall, Fortis president and CEO, has stated.
http://www.thetelegram.com/Business/...-deal-to-bed/1
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  #26  
Old Posted Jan 30, 2013, 12:27 PM
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Excellent news, congratulations, Fortis!
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  #27  
Old Posted Jan 31, 2013, 3:07 PM
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Review 2012 has been released on the city's website! It estimates that St. John's surpassed the 200,000 mark in 2012.

http://www.stjohns.ca/sites/default/...iew%202012.pdf
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  #28  
Old Posted Jan 31, 2013, 3:16 PM
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Originally Posted by PoscStudent View Post
Review 2012 has been released on the city's website! It estimates that St. John's surpassed the 200,000 mark in 2012.

http://www.stjohns.ca/sites/default/...iew%202012.pdf
I knew it!

No more saying almost 200,000 people when referring to population hahaha we can now say over 200,000

Quote:
The population of the St. John’s CMA increased
by an estimated 1.3% last year. The CMA population has increased steadily over the past decade and now stands at over 201,000. It is estimated that since 2001, when the 1990s trend of
population decline bottomed out, the population of
the St. John’s CMA has increased by more than 11%.
http://www.stjohns.ca/sites/default/...iew%202012.pdf


and what shall happen in the coming years?? with all of our development ... very exciting! like I said before hold on to your hats gentlemen! it's just beginning!

this is even higher (and growing faster) than their highest population predictions from a few years ago

I'll look for that document
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  #29  
Old Posted Jan 31, 2013, 3:24 PM
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Actually looking at an updated population prediction we are on track for the highest scenario (Which IMO will accelerate into the future)

http://www.economics.gov.nl.ca/pdf20...n%20Region.pdf
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  #30  
Old Posted Jan 31, 2013, 3:58 PM
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Fantastic news!
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  #31  
Old Posted Jan 31, 2013, 5:01 PM
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Originally Posted by jeddy1989 View Post
Actually looking at an updated population prediction we are on track for the highest scenario (Which IMO will accelerate into the future)

http://www.economics.gov.nl.ca/pdf20...n%20Region.pdf
But if you look at the projections broken down by age groups, most of this increase is coming from the 50+ ages; although the youngest age groups (<15) are projected to grow a little too. Growth at the top of the age pyramid can become problematic, so I think the focus becomes growing our younger populous. Hopefully the government's newly engaged population growth strategy will fuel younger growth - and ultimately attribute to socioeconomic growth too.
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  #32  
Old Posted Jan 31, 2013, 5:05 PM
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Originally Posted by statbass View Post
But if you look at the projections broken down by age groups, most of this increase is coming from the 50+ ages; although the youngest age groups (<15) are projected to grow a little too. Growth at the top of the age pyramid can become problematic, so I think the focus becomes growing our younger populous. Hopefully the government's newly engaged population growth strategy will fuel younger growth - and ultimately attribute to socioeconomic growth too.
exactly, these are some of the factors that IMO will help the growth rate accelerate while at the same time keeping in mind factors such as those highlighted in the official projections.

The young people coming for say jobs and with all the new office space in the works and the university growing constantly, throw that into the pot with the retirees coming home and throw in some more jobs and office jobs from all the mega projects that are in the works and will be under way in the near future along with a new focus on immigration and voila
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  #33  
Old Posted Jan 31, 2013, 6:00 PM
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Nalcor finds three new basins off Labrador

I guess this could be good for the entire province and maybe even the country, but thought I would post here!

Quote:
Early exploration work conducted by Nalcor Energy has resulted in the identification of three new potentially oil-bearing basins offshore Labrador.

In a presentation by Nalcor president and CEO Ed Martin, it has been revealed not one, but three new offshore areas have been identified in deepwater areas off Labrador.

Martin said it will not be known what is contained in the now-named Henley Basin, the Chidley Basin and the Hopedale Basin until exploratory drilling is conducted by oil companies, but early exploration work and analysis suggests the basins could contain oil rather than large gas structures, as previously discovered off the Big Land.

Martin's presentation was made during the annual general meeting of the Newfoundland and Labrador Oil and Gas Industries Association (NOIA) at the Sheraton Hotel Newfoundland.

More in Friday's full edition of The Telegram

http://www.thetelegram.com/News/Loca...off-Labrador/1
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  #34  
Old Posted Jan 31, 2013, 6:17 PM
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THAT'S GREAT!!! I'm telling ya it's just the start!!
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  #35  
Old Posted Jan 31, 2013, 6:18 PM
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Jesus, Mary and Joseph! *Blesses self*

We're so fortunate. It just doesn't stop...
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  #36  
Old Posted Jan 31, 2013, 6:55 PM
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Labour problems top concerns among St. John’s businesses: poll

Quote:
Labour issues continue to be the biggest problem facing St. John’s businesses, according to a new poll from MQO research.
The poll of St. John’s Board of Trade members was released Thursday morning at the board’s annual Business Development Summit, at the Delta hotel.
“By far … labour issues stand as the biggest factor hindering companies’ economic growth in 2013, at 34 per cent,” said Carolyn O’Keefe, MQO’s president.
“By a large margin, labour issues will have more of an impact on a company’s success than factors such as economic downturn, increasing cost of production and government spending cuts.”
More in Friday's full edition of The Telegram.
http://www.thetelegram.com/News/Loca...sses%3A-poll/1
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  #37  
Old Posted Jan 31, 2013, 7:15 PM
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Nalcor finds three new basins off Labrador

The Telegram
Jan 31, 2013
Author: unknown

Quote:
Early exploration work conducted by Nalcor Energy has resulted in the identification of three new potentially oil-bearing basins offshore Labrador.
In a presentation by Nalcor president and CEO Ed Martin, it has been revealed not one, but three new offshore areas have been identified in deepwater areas off Labrador.
Martin said it will not be known what is contained in the now-named Henley Basin, the Chidley Basin and the Holton Basin until exploratory drilling is conducted by oil companies, but early exploration work and analysis suggests the basins could contain oil rather than large gas structures, as previously discovered off the Big Land.
This development is obviously in its infancy and may surmount to nothing, but nonetheless the potential is there and that's great news. More exploration will lead to more significant finds.
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  #38  
Old Posted Jan 31, 2013, 7:16 PM
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Statbass... look a couple of posts up...
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  #39  
Old Posted Jan 31, 2013, 7:19 PM
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Statbass... look a couple of posts up...
Damn it.... J_Murphy always beats me to the punch!
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  #40  
Old Posted Jan 31, 2013, 7:48 PM
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Labrador Waters may Contain Oil: Nalcor


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Nalcor has identified three new basins off the coast of Labrador that CEO Ed Martin says have the potential to hold oil. VOCM's Danielle Barron reports

The depth and extent of the deepwater basin now imaged Martin says has signifcantly changed the perception of what exists. He calls it a material find. The basins, named after nearby Labrador landmarks Chidley, Holton and Henley, are in addition to Saglek and Hopedale which were mapped in the 1980s. Martin says the new finds hold big potential and there's a reasonably high probability they could hold hydrocarbons. Exploration shows the basins are made of various clay types he says, and are very large when compared globally to other basins. Nalcor is already in discussion with a number of companies not yet active in Newfoundland and Labrador, all of whom have expressed a strong interest in the findings. Scientific analysis will continue over the next number of months to determine the hydrocarbon potential. Nalcor expects to provide an update sometime this summer.
http://www.vocm.com/newsarticle.asp?mn=2&ID=30438

New companies mean new operational offices!
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