Latest / VOCM On Demand / VOCM News Midday Update September 16th

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VOCM News Midday Update September 16th · VOCM On Demand

• 0:05
  Speaker 1: I'm Zach Power. Angus Reid says Premier Tony Wakeham's approval
• 0:08
  Speaker 1: rating is second in the country after Manitoba Premier Wad
• 0:11
  Speaker 1: Canoe and tied with Saskatchewan's Scott Moe. The number of
• 0:16
  Speaker 1: respondents who approve of Wakeham's performance to date sits at 48%,
• 0:19
  Speaker 1: down just two points from June. Manitoba Premier Canoe remains
• 0:23
  Speaker 1: Canada's most popular premier at 63%. Angus Reid admits that
• 0:28
  Speaker 1: the new Churchill Falls deal has not been without controversy
• 0:31
  Speaker 1: and Newfoundlanders and Labradorians are split on Wakeham's performance with
• 0:34
  Speaker 1: equal numbers in both approval and disapproval. Negotiations are underway
• 0:39
  Speaker 1: for a new collective agreement between Memorial University and its
• 0:42
  Speaker 1: unions during a tumultuous period for notable cutbacks including the
• 0:47
  Speaker 1: elimination of some positions. Five unions represent faculty and staff
• 0:51
  Speaker 1: at Memorial, the Canadian Union of Public Employees, the Newfoundland
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  Speaker 1: and Labrador Association of Public Employees, Memorial University of Newfoundland
• 0:58
  Speaker 1: and Labrador's Faculty Association, the Lecturers' Union, as well as
• 1:02
  Speaker 1: the Teachers' Assistant Union. Some meetings have taken place over
• 1:06
  Speaker 1: the past while, while more meetings are scheduled within the
• 1:09
  Speaker 1: next month or so. A power expert who appeared at
• 1:12
  Speaker 1: the House of Assembly on Day 2 of the Hydro
• 1:14
  Speaker 1: Debate calls the latest agreement a good one, not just
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  Speaker 1: for the two provinces involved, but for the entire country.
• 1:21
  Speaker 1: Managing Director of Power Advisory Jason Chialoi says that the
• 1:24
  Speaker 1: current agreement would in place is less rigid and gives
• 1:28
  Speaker 1: Newfoundland and Labrador more options in terms of power availability.
• 1:32
  Speaker 1: He says the five and a half cents per kilowatt
• 1:34
  Speaker 1: hour Churchill Falls power compares more favorably for similar hydro
• 1:39
  Speaker 1: purchase agreements in Canada, including Manitoba and Ontario, where the
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  Speaker 1: price sits at five cents or less. Chialoi says that
• 1:46
  Speaker 1: the pricing structure increasing to 11 cents after 2041 and
• 1:49
  Speaker 1: 20 cents by about 2060 exceeds all forecasts he's seen.
• 1:55
  Speaker 2: In Ontario, Ontario Power Generators hydroelectric facilities that are rate regulated,
• 2:04
  Speaker 2: the price they're receiving right now is under 5 cents.
• 2:08
  Speaker 2: In looking at Manitoba Hydro's hydroelectric facilities, the regulated price
• 2:13
  Speaker 2: they're receiving right now is under 4 cents. When I
• 2:16
  Speaker 2: look at New York, when I take the exchange rate today,
• 2:20
  Speaker 2: they're receiving under 2.5 cents.
• 2:23
  Speaker 1: The MP for Cape Spear says that while the federal
• 2:26
  Speaker 1: government is doing what it can to ease the pain,
• 2:28
  Speaker 1: the rising cost of fuel is something that is beyond
• 2:30
  Speaker 1: Ottawa's control. Tom Osborne says that Canadians are paying less
• 2:34
  Speaker 1: at the pumps than what they would have without the
• 2:36
  Speaker 1: help of the federal government. Gas prices have jumped about
• 2:39
  Speaker 1: 60 cents per litre in the last 12 months, while
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  Speaker 1: diesel is increasing to $ 1. 20 a litre over the same period.
• 2:46
  Speaker 1: Osborne notes that fuel prices in the European Union are
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  Speaker 1: even more expensive than here in Canada. But Ottawa's measures
• 2:52
  Speaker 1: only go so far.
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  Speaker 3: But the global cost of fuel has been impacted by
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  Speaker 3: global pressures. That's something we can't control, those global pressures.
• 3:02
  Speaker 3: We didn't start the conflict in Hormuz.
• 3:06
  Speaker 1: And that's your news. I'm Zach Power.