Farms.com Home   News

Residents of Western Newfoundland and Labrador to benefit from better, safer roads

Stephenville, Newfoundland and Labrador —The governments of Canada and Newfoundland and Labrador recognize that strategic investments in modern and efficient roadways are crucial to encouraging and supporting economic activity, facilitating trade, and creating well-paying, middle class jobs.
 
Gudie Hutchings, Member of Parliament for Long Range Mountains, on behalf of the Honourable François-Philippe Champagne, Minister of Infrastructure and Communities; John Finn, Parliamentary Secretary to the Minister of Health and Community Services, Newfoundland and Labrador, on behalf of the Honourable Graham Letto, Minister of Municipal Affairs and Environment; and Tom Rose, Mayor of the town of Stephenville, today announced more than $426,000 in joint support for two road improvement projects in Western Newfoundland and Labrador.
 
Work includes improving high-traffic roads in Rose Blanche-Harbour le Cou to provide safer and smoother driving conditions. The Town of Stephenville will benefit from new traffic lights at the intersection of Queen Street, Minnesota Drive, and Prince Rupert Drive.
 
These improvements not only mean safer roads, fewer accidents and reduced traffic congestion, but they also support the continued economic growth of the region and the efficient transportation of goods across the province.
 
Source : Government of Canada

Trending Video

U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again


The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!