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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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Trump's Pick of Rubio as Top Diplomat Jolts Latin America

 

President-elect Donald Trump's selection of Senator Marco Rubio as the next Secretary of State has sent shockwaves through Latin America, a region long accustomed to U.S. neglect. Rubio, a staunch conservative and vocal critic of communist regimes, is expected to bring a renewed focus on Latin American policy, which has often been sidelined in U.S. foreign affairs.

Rubio's appointment marks a significant shift in U.S. diplomacy. As the first Latino Secretary of State, he is poised to leverage his deep understanding of the region and his personal connections to drive U.S. policy. His reputation as a national security hawk and his support for Trump's hardline immigration policies are likely to influence his approach to issues such as trade, drug trafficking, and migration.

While some Latin American leaders welcome the attention, others are wary of Rubio's polarizing rhetoric and his alignment with Trump's "America First" agenda. Critics argue that his stance could alienate U.S. allies in the region and complicate diplomatic relations.

As Rubio prepares to take on his new role, the world watches closely to see how his leadership will reshape U.S. engagement with Latin America and address the challenges facing the region.

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