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Churchill Falls: A 15% Power Bill Rebate, $10 Billion From Ottawa — What It Means for Your Wallet

  Thursday, August 20, 2026 Last Monday, Prime Minister Mark Carney stood on a pier in St. John's alongside Newfoundland and Labrador Premier Tony Wakeham and Quebec Premier Christine Fréchette to announce what Ottawa is calling the largest clean energy investment in North American history. Buried in the headline numbers — $273 billion in nominal contract value, $10 billion in federal financing, 14,000 megawatts of new hydro capacity — is a much simpler story for ordinary Canadians: who pays what for electricity, for the next 50 years. Here's what actually changed, and what it means for your bills whether you live in St. John's, Montreal, or Ajax, Ontario. The deal it's replacing was historically lopsided To understand why this is a big deal, you need the old one. Under the original 1969 Churchill Falls contract, Quebec locked in the right to buy the vast majority of the plant's power from Newfoundland and Labrador at roughly 0.2 cents per kilowatt-hour — a price th...
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Market Surge After Trump Rally Incident

 

Following the recent incident at a Pennsylvania rally where former President Donald Trump was shot in the ear, financial markets experienced notable movements. Here are the key highlights:

  1. Trump Media & Technology Group (TMTG) Shares Surge:

    • Shares of Trump Media & Technology Group (TMTG), the parent company of social media platform Truth Social, soared by 67% in premarket trading. Trump owns a majority stake in TMTG, which was worth about $3.8 billion as of June 25, 2024.
    • The surge in TMTG stock reflects investors’ anticipation that Trump’s odds of winning the election have risen following the assassination attempt.
    • Retail traders have been betting on a Trump victory, and this recent incident further fueled their confidence.

  2. Crypto Stocks React:

    • The intersection between political events and crypto price movements became evident. The Solana memecoin TRUMP (MAGA) surged by 42% within minutes of the news breaking, while Bitcoin climbed past the $59,000 mark.
    • Trump’s crypto-friendly stance has contributed to the positive sentiment in the crypto market.
    • Crypto exchange Coinbase Global, bitcoin miners Riot Platforms Inc, and Marathon Digital also saw gains of 6% to 7%.

  3. Other Market Reactions:

    • The broader US market remained subdued, with futures tied to the S&P 500 edging up by 0.4%.
    • Gun maker Smith & Wesson Brands gained 2.7%, as gun stocks tend to rise after mass shootings.
    • Prison stocks Geo Group and CoreCivic rose about 7%, potentially benefiting from Trump’s promised crackdown on illegal immigration.
    • Software developer Phunware and video-sharing platform Rumble also saw significant increases in their stock prices.

While these market movements reflect the immediate impact of the incident, it’s essential to keep an eye on further developments as the US election campaign continues. 





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