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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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UK and Canada’s Free-Trade Deal Talks Break Down Over Agricultural Products

 

The UK and Canada have failed to reach a free-trade deal after almost two years of negotiations. The UK was pushing to extend a temporary arrangement allowing exports of British cheese to Canada under low tariffs, similar to those enjoyed by EU members. Canada, for its part, had hoped to secure UK access for its beef and pork, which do not currently meet British regulatory standards. 

The UK government spokesperson said that Britain will only negotiate trade deals that “deliver” for its people. The breakdown in talks effectively leaves the UK at risk of being in a worse position than it was as a member of the bloc when it comes to Canada trade. The UK is Canada’s third-largest, single-country trading partner at over C$46 billion ($34 billion) a year, according to the Canadian government. The UK ranks Canada as its 18th-largest trading partner.

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