Latest / VOCM On Demand / VOCM Morning Update August 20

Transcript

VOCM Morning Update August 20 · VOCM On Demand

• 0:00
  Speaker 1: I'm Sarah Strickland. The premier says, a fifteen percent rebate
• 0:04
  Speaker 1: on the electricity bills of Newfoundlanders and Labradorians will come
• 0:08
  Speaker 1: into effect once the Hydro agreement between this province and
• 0:11
  Speaker 1: Quebec is finalized. Premier Tony Wakem says the savings will
• 0:16
  Speaker 1: be even greater since the rebate is coming off before
• 0:20
  Speaker 1: taxes are applied. The province estimates that the average savings
• 0:24
  Speaker 1: per household will be about three hundred and fifty dollars
• 0:27
  Speaker 1: per year. He says the rebate will be in effect
• 0:29
  Speaker 1: for the life of the fifty year contract and will
• 0:32
  Speaker 1: apply to the first two thousand kilowatt hours burned per month.
• 0:36
  Speaker 2: But it was important that right out of the gate
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  Speaker 2: for me to say to the people in Newfuland and Larbrador,
• 0:41
  Speaker 2: We're going to do something immediately for the people in
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  Speaker 2: Newfland Larbrador, and this is where we're starting.
• 0:46
  Speaker 1: Work is now underway with nl Hydro and Newfoundland Power
• 0:49
  Speaker 1: to reach definitive agreements on the implementation of the rebate.
• 0:52
  Speaker 1: The target is to have those agreements signed before the
• 0:55
  Speaker 1: end of the year. The rebate will cost the provincial
• 0:58
  Speaker 1: government approximately ninety two million dollars annually, with the money
• 1:02
  Speaker 1: coming from the new agreement reach with Quebec. US President
• 1:06
  Speaker 1: Donald Trump says a trade deal has been reached with Canada,
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  Speaker 1: subject to finalization. Trump had threatened to impose fifty percent
• 1:14
  Speaker 1: tariffs on a wide range of Canadian goods, but extended
• 1:18
  Speaker 1: the deadline at the last minute. He told reporters outside
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  Speaker 1: the White House yesterday that a very good conversation was
• 1:25
  Speaker 1: had with Prime Minister Mark Kearney and what he calls
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  Speaker 1: a very fair deal has been reached.
• 1:30
  Speaker 3: Tariffs will be non existent for our farmers. Our farmers
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  Speaker 3: were paying tremendous tariffs into Canada and those tariffs are
• 1:38
  Speaker 3: going to be totally vistritten down to zero.
• 1:40
  Speaker 1: He says the US is reducing the tariffs on Canadian goods,
• 1:44
  Speaker 1: but would not offer further detail.
• 1:47
  Speaker 3: They were going to get a fifty percent tariff when
• 1:49
  Speaker 3: everything's starting today, and we've held it back three days.
• 1:53
  Speaker 3: It's so subject to finalization of documents. So subject to
• 1:57
  Speaker 3: the finalization of documents. We have a deal with Canada,
• 2:00
  Speaker 3: and I think it's a very good deal for both
• 2:02
  Speaker 3: both parties.
• 2:04
  Speaker 1: Gas is now back up over the two dollars a
• 2:06
  Speaker 1: leter mark in almost all areas. The pub has raised
• 2:10
  Speaker 1: the price by one point seven cents per leter Diesel
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  Speaker 1: is up by a cent and a half on the
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  Speaker 1: island and a cent in Labrador West. There's hardly any
• 2:20
  Speaker 1: change to the price of furnace and stove oil. A
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  Speaker 1: fifty four year old man who was on a Canada
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  Speaker 1: wide driving ban has been charged with flight from police
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  Speaker 1: after officers attempted to pull him over in Dildo. Beth
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  Speaker 1: Vegan reports.
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  Speaker 2: A patrol officer was flagged down by a concerned citizen
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  Speaker 2: around eight o'clock last Thursday, who reported that a dirt
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  Speaker 2: bike was being driven in a dangerous manner along Front
• 2:43
  Speaker 2: Road in the town. The officers spotted the bike described
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  Speaker 2: and attempted to stop the vehicle, but the driver refused
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  Speaker 2: to pull over and instead tore off at a high speed.
• 2:53
  Speaker 2: Officers did not pursue the vehicle in the interest of
• 2:56
  Speaker 2: public safety. On Monday, police received another complet about the
• 3:00
  Speaker 2: same person who was heading down Anderson Cove Road toward
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  Speaker 2: New Harbor. Police located fifty four year old Barry Martin
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  Speaker 2: of Dildo, and he was arrested. He's scheduled to appear
• 3:10
  Speaker 2: in court next month on charges of flight from police,
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  Speaker 2: dangerous driving, two counts of driving well prohibited, and two
• 3:17
  Speaker 2: counts of failing to comply with a probation order. Their
• 3:20
  Speaker 2: dirt bike was seized by police.
• 3:22
  Speaker 1: A new report from real estate firm Royal Lapage says
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  Speaker 1: Canada's mortgage delinquency rates remain remarkably low compared with other
• 3:30
  Speaker 1: developed countries. Here's John Kennedy.
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  Speaker 4: Royal Lapage report says mortgage delinquency rates in Canada remain
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  Speaker 4: remarkably low compared with other developed countries, though some households
• 3:40
  Speaker 4: have felt stretched by the rising monthly payments. The survey
• 3:44
  Speaker 4: suggests thirty eight percent of Canadians expect their mortgage to
• 3:47
  Speaker 4: rise upon renewal, a drop from early twenty twenty five,
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  Speaker 4: when fifty seven percent of renewing homeowners expected their payments
• 3:53
  Speaker 4: to rise. Among those anticipating a higher payment for the month,
• 3:57
  Speaker 4: seventy six percent said it would place financial strain on
• 4:00
  Speaker 4: their households, and more than half said they would reduce
• 4:02
  Speaker 4: discretionary spending to make ends meet. However, nearly three quarters
• 4:06
  Speaker 4: of those with an upcoming renewal said they would not
• 4:08
  Speaker 4: be changing their living arrangements. John Kennedy the Canadian Press, Toronto.
• 4:13
  Speaker 1: They'll be flipping burgers at AMW today with a purpose.
• 4:17
  Speaker 1: It's MS Day at their restaurants in Atlantic Canada. Pander,
• 4:21
  Speaker 1: who is president and CEO of the ten locations in
• 4:24
  Speaker 1: the Atlantic Provinces, says they've embraced MS as their costs
• 4:28
  Speaker 1: for nearly twenty years, raising millions over the course. A
• 4:32
  Speaker 1: portion of the proceeds today goes to the MS Society
• 4:36
  Speaker 1: for research and programs.
• 4:38
  Speaker 5: We try to make it very easy. Two dollars from
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  Speaker 5: every teen bugos sold that day goes towards M mess
• 4:43
  Speaker 5: and also from the four weeks before the actual date
• 4:46
  Speaker 5: of the event, we ask customers to donate the change
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  Speaker 5: around up to order and typically between how portfolio of
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  Speaker 5: restaurants were visible five thousand dollars per location towards them
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  Speaker 5: A society.
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  Speaker 1: That's your news. I'm Sarah Strickland.