Canada
Credit agency says surging global oil prices will help N.L.’s bottom line
May. 3, 2026
ST. JOHN’S — One of the world’s largest credit rating agencies says surging global energy prices related to the Iran war could help tackle the deficit in Newfoundland and Labrador. DBRS Morningstar says the province’s recent budget — with a deficit of $688 million — is based on an oil price of US$79 per barrel. […]
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