The Daily Chase: Bitcoin s climb continues; Apollo s Great Canadian bid on thin ice A token representing Bitcoin virtual currency sits among cables and LED lighting inside a mining rig computer in this arranged photograph in Budapest, Hungary, on Wednesday, Jan. 31, 2018. Cryptocurrencies are not living up to their comparisons with gold as a store of value, tumbling Monday as an equities sell-off in Asia extended the biggest rout in global stocks in two years. Photographer: Akos Stiller/Bloomberg , Bloomberg
Bitcoin is pushing even higher today, rising as much as 11.8 per cent to US$23,712 per coin. In an interview with Bloomberg Television, Guggenheim Investments Chief Investment Officer Scott Minerd said his firm thinks it could eventually hit US$400,000 thanks to ârampant money printingâ, which was evident again yesterday as the U.S. Federal Reserve made it clear the days of easy money are here to stay for quite s
Ottawa offers temporary debt relief for N L s troubled Muskrat Falls project - Medicine Hat NewsMedicine Hat News
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Sarah Smellie
The construction site of the hydroelectric facility at Muskrat Falls, Newfoundland and Labrador is seen on Tuesday, July 14, 2015. THE CANADIAN PRESS/Andrew VaughanPRESS/Andrew Vaughan December 17, 2020 - 11:53 AM
ST. JOHN S, N.L. - Ottawa is giving Newfoundland and Labrador temporary relief from debt and financing payments for the troubled Muskrat Falls hydroelectric project and appointing a top bureaucrat to oversee the project s financial restructuring.
Prime Minister Justin Trudeau said Thursday by video conference his government will defer payments owed by Nalcor Energy, a province-owned corporation, as part of the federal government s loan guarantee agreement for the project.
Newfoundland and Labrador Premier Andrew Furey said Trudeau s decision will ease pressure on his province s finances. This means the province doesn t have to borrow $844 million in payments, almost all of which would have been required this month and added
Ottawa Offers Temporary Financial Relief for Muskrat Falls Project
ST. JOHN’S, N.L. Ottawa is providing temporary debt relief to Newfoundland and Labrador for its Muskrat Falls loan payments.
Prime Minister Justin Trudeau made the announcement today in a video call with Newfoundland and Labrador Premier Andrew Furey and federal Natural Resources Minister Seamus O’Regan.
Furey says the debt relief saves Newfoundland and Labrador from having to come up with $844 million in payments, most due this month.
The premier said the province would have had to borrow the money to cover the payments and added to the province’s staggering debt.
Winnipeg Free Press By: Sarah Smellie, The Canadian Press Posted:
Last Modified: 1:53 PM CST Thursday, Dec. 17, 2020
ST. JOHN S, N.L. - Ottawa is giving Newfoundland and Labrador temporary relief from debt and financing payments for the troubled Muskrat Falls hydroelectric project and appointing a top bureaucrat to oversee the project s financial restructuring.
The construction site of the hydroelectric facility at Muskrat Falls, Newfoundland and Labrador is seen on Tuesday, July 14, 2015. THE CANADIAN PRESS/Andrew VaughanPRESS/Andrew Vaughan
ST. JOHN S, N.L. - Ottawa is giving Newfoundland and Labrador temporary relief from debt and financing payments for the troubled Muskrat Falls hydroelectric project and appointing a top bureaucrat to oversee the project s financial restructuring.
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