Tag: Rate Hike

Federal loan to shield Nova Scotia Power customers from 19 per cent rate hike | CTV News

mdbincbi

HALIFAX – The Canadian government have offered a $500 million loan to Nova Scotia Power(opens in a new tab) and the provincial government that will not only help green the power grid and meet greenhouse gas targets, but also avoid the impact of a 19 per cent rate hike for Nova Scotia Power customers next year. Canada’s Minister of Energy and Natural Resources Jonathan Wilkinson was in Halifax Monday to make the announcement and said the $500 million loan addresses an energy shortfall due to significant and unexpected delays in…

Read More

N.S. Power wants ratepayers to cover $22M bill for last year’s storm damages, repairs | CTV News

mdbincbi

Nova Scotia Power has filed an application with the province’s Utility and Review Board (UARB) to have ratepayers cover the cost of last year’s storm damage to the tune of $22 million. It’s a request that isn’t sitting well with Premier Tim Houston. “I wish Nova Scotia Power would have more empathy towards Nova Scotians,” Houston says. “Folks are already paying a lot in Nova Scotia when it comes to power. If you look at the last couple of years, you’ve seen combined increases near 15 per cent bills and…

Read More

Posthaste: The Canadian dollar is getting hammered — and its future looks even bleaker | Financial Post

mdbincbi

So what’s up with the Canadian dollar? While many thought the currency would strengthen in 2023, the loonie has slid to depths not seen since the height of the pandemic. (This morning it was trading near a 6-month low of 72.43 US cents) A big part of this mystery is that the drivers of the currency have changed. When a hawkish Bank of Canada was raising interest rates it supported the loonie, but now that the slowing economy has reduced the risk of more hikes, new drivers are taking over.…

Read More