Economy

CBS Receives Over $1.6 Million Towards Tourism and Economic Upgrades

Published

2 years ago

April 22, 2023

The Town of Conception Bay South has received provincial and federal funding for three projects to enhance tourism and boost the economy.

In total, over $1.6-million has been allocated to the town.

The largest project will see $1.4-million go towards enhancing the local T’Railway system.

The funding upgrades to the last 3.2 km portion of the 18 km trail. Part of the upgrades, will be the replacement of the trestle at Seal Cove Pond.

Next, over $100,000 has been given for the town for new signage to help guide visitors through the town, improve access to local destinations and attractions, and highlight the nine communities that make up CBS.

Finally, $133,000 will go towards establishing a community root cellar and canning equipment library at the Manuels River Interpretation Centre.

In addition to being a tourist attraction, Mayor Darrin Bent says that project will also help address food security in the area.

He says the town will be partnering with community food banks and gardens for the cellar to act as a cold storage area to help preserve food.

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Economy

September merchandise trade deficit narrows to $1.3 billion: Statistics Canada

Published

4 hours ago

November 5, 2024

Anne Joseph

OTTAWA – Statistics Canada says the country’s merchandise trade deficit narrowed to $1.3 billion in September as imports fell more than exports.

The result compared with a revised deficit of $1.5 billion for August. The initial estimate for August released last month had shown a deficit of $1.1 billion.

Statistics Canada says the results for September came as total exports edged down 0.1 per cent to $63.9 billion.

Exports of metal and non-metallic mineral products fell 5.4 per cent as exports of unwrought gold, silver, and platinum group metals, and their alloys, decreased 15.4 per cent. Exports of energy products dropped 2.6 per cent as lower prices weighed on crude oil exports.

Meanwhile, imports for September fell 0.4 per cent to $65.1 billion as imports of metal and non-metallic mineral products dropped 12.7 per cent.

In volume terms, total exports rose 1.4 per cent in September while total imports were essentially unchanged in September.

This report by The Canadian Press was first published Nov. 5, 2024.

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