Bank Of Canada Hikes Key Interest Rate to 1.5 Percent
The Bank of Canada has once again hiked its key interest rate. On June 1, the bank raised its overnight interest rate by 50 basis points, to 1.5 percent.
Saint John
Construction Costs Delaying King Street Development In Saint John
The project’s developer says he’s redesigning the building to help deal with increased costs. He said that will “most likely involve” making the apartments smaller.
Ninety Percent Of NBCC Students Employed One Year After Graduation
More than three-quarters of graduates from 2020 said they were working in jobs related to their field of study, according to a recent survey.
Wallace McCain Institute Looking For New CEO
The new CEO will be the successor to executive director Nancy Mathis, who has served the Wallace McCain Institute since its founding in 2008.
N.B. Manufacturing Sector Back At Pre-Pandemic Levels
the province’s manufacturing sector continues to rebound, labour and skills shortages that existed pre-pandemic have gotten worse.
Saint John Sees ‘Dramatic Improvement’ In Net Debt, Reserve Funds
Saint John’s net debt stood at $159.4 million at the end of 2021, down from more than $330 million just three years earlier.
Off Grid Ales’ New Owners Plan Move, Image Upgrade
Tallyia MacMullin and Tim Byrne, the new owners of Off Grid Ales are planning to move the brewery to MacMullin’s hometown and implement some brand changes for the popular solar-powered craft brewery.
$205K For Affordable Housing Upgrades In Saint John
Saint John Non Profit Housing will receive $154,944 to renovate 21 affordable housing units spread across five of its buildings in the city’s north end. The remaining $50,000 will go to Sister Sheila Housing Corporation for its 10 affordable units at Sister Sheila Manor.
Saint John Region Chamber Elects New Board Chair
Derrick Stanford is the former president and CEO of Saint John Airport. Stanford held that role from 2016 until he stepped down last year.
Saint John Energy Profits Spike Post-Covid
At the utility’s annual general meeting (AGM), president and CEO Ryan Mitchell told stakeholders that the company’s core business profits have remained steady throughout the pandemic.
