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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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Israeli Cabinet to Vote on Ceasefire Deal with Lebanon

 

The Israeli cabinet is set to convene on Tuesday to vote on a proposed ceasefire deal with Lebanon, according to a senior Israeli official. This meeting comes amid ongoing hostilities and follows a year of cross-border hostilities between Israel and Hezbollah.

The proposed deal, backed by the United States, includes an Israeli military withdrawal from southern Lebanon and the deployment of Lebanese army troops in the border region within 60 days. A five-country committee, including France and chaired by the United States, will monitor compliance with the ceasefire.

Despite the diplomatic progress, tensions remain high as both sides continue to engage in military actions. Israeli airstrikes have targeted Hezbollah-controlled areas in Beirut, while Hezbollah has launched rocket attacks on Israel.

Prime Minister Benjamin Netanyahu's office has yet to comment on the reports, but the senior Israeli official confirmed that the cabinet meeting is intended to approve the ceasefire text.

The outcome of Tuesday's vote could mark a significant step towards ending the conflict and bringing stability to the region.




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