Newfoundland Gaining, Ontario Slipping

Summary


ST. JOHN'S, N.L. -- Newfoundland and Labrador, considered for generations the poor cousin of Confederation, heralded a new era of economic independence Tuesday with a budget that delivers a substantial surplus and promises for the first time to pull it off the list of "have-not" provinces.

"That was a fairly minor factor, in fact, when you go through the calculations," [Don Drummond] said. "It was basically the western provinces, in particular Alberta, have been earning so much resource royalties, and that interacted with the change in the formula that was made last year."

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Extract


Newfoundland Gaining, Ontario Slipping

By Tara Brautigam

ST. JOHN'S, N.L. -- Newfoundland and Labrador, considered for generations the poor co...

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