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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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Escalating Tensions: Israeli Airstrike Hits Gaza Hospital, Killing Five

 

In a tragic incident, an Israeli airstrike targeted a tent within the Al-Aqsa Hospital compound in central Gaza, resulting in the deaths of at least five people. This strike, which occurred on Sunday, also left 18 others wounded and brought the total number of Palestinians killed that day to 19.

The Israeli military stated that the airstrike was aimed at a militant involved in terror activities, and secondary explosions indicated the presence of weaponry in the area. The hospital compound, located in the Deir Al-Balah area, is currently sheltering thousands of people displaced by ongoing conflicts.

This incident follows a series of failed diplomatic efforts in Cairo, where talks aimed at negotiating a ceasefire between Israel and Hamas ended without progress. The situation remains tense, with both sides bracing for further escalation.


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