logo
Marine Atlantic passengers still waiting for promised rate cuts from new federal government

Marine Atlantic passengers still waiting for promised rate cuts from new federal government

Yahoo28-06-2025
Passengers waiting for the Marine Atlantic ferry say they're also waiting for Prime Minister Mark Carney to follow through on a promise to cut travel rates.
As part of his platform, Carney announced that his government would lower the costs for passengers on Atlantic ferries, including Marine Atlantic, by at least half. He called ferries critical to Atlantic Canada and the national economy in a post on X.
Owen Collins, who's from Newfoundland and sailing to Nova Scotia, said rising costs on the ferry have limited his ability to travel.
"You come once a year instead, and now maybe it's twice a year, you know, because it's that expensive. It's crazy, really," Collins told CBC News from the ferry terminal in Port aux Basques.
Randy Jones of Ontario uses the ferry to access the province for sightseeing. He believes lowering the rate would lower the barrier for many others to do the same.
"You have to think about whether you want to go over there with the cost of everything else," he said.
"We all want to go someplace, and to get to Newfoundland and just to see the beautiful province, it should be done. It should be dropped."
Marine Atlantic ferries also serve as a key entry point for goods and heavy equipment to Newfoundland.
Louis Brideau, a trucker riding the ferry from Quebec, said the cost hurts his business. He had planned to depart on Thursday, but delayed his trip a day because it ultimately saved him money.
A lower rate would have been much more beneficial, he said.
"They keep promising stuff, and … they never do anything, you know? And it's hard on people," Brideau said, adding he feels Carney hasn't lived up to his promises.
But Beth Townsend and Abby Nowakowski, from Ontario, made it a point to visit Newfoundland's west coast based on another Carney promise that was followed through on.
The Canada Strong Pass, which was announced in April and came into effect on June 20, made admission to Gros Morne National Park free.
Townsend hopes the federal government follows through on a cut on ferry ticket prices.
"My interpretation of that was that they were kind of catching up and trying to do a lot of things with the new cabinet and everything, and maybe this is something that they're hopefully just going to get to in time," Townsend said.
"But hopefully people can hold them accountable."
Download our free CBC News app to sign up for push alerts for CBC Newfoundland and Labrador. Sign up for our daily headlines newsletter here. Click here to visit our landing page.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

New federal entity to prioritize Canadian-made, affordable housing projects
New federal entity to prioritize Canadian-made, affordable housing projects

Yahoo

time4 hours ago

  • Yahoo

New federal entity to prioritize Canadian-made, affordable housing projects

OTTAWA — Prime Minister Mark Carney's promised new entity to spur massive amounts of housing construction will prioritize the building of affordable housing and the use of Canadian materials, says a consultation document published by the government on Monday. The document shared by Canada's housing department says Build Canada Homes is also intended to accelerate the speed at which federal lands are converted to housing, and to stress the use of materials, manufacturing and construction methods that reduce the cost and environmental impact of building. It says financial and non-financial tools being explored include loans, equity investments, real property and housing investments, loan guarantees and contributions. The department is still working on the program's design and says it's accepting feedback from the public until the end of the month. The document, released as part of a consultation process with builders and other industry stakeholders, says Build Canada Homes is positioned to support projects that deliver a "significant number" of affordable housing units. It also says the government will look at projects that expand the supply of housing run by organizations like co-ops, non-profits and Indigenous housing providers. The document says the government will look for opportunities to use Canadian-made materials and regional production hubs, and to boost the efficiency of public dollars through tools like below-market-rate loans or private or philanthropic capital. It will also prioritize projects that use new methods of construction, like prefabricated or 3D-printed construction. Housing affordability was a major issue in the recent federal election, as there haven't been enough homes built in Canada to keep up with population growth. The Canada Mortgage and Housing Corporation said in a June report that Canada needs to build between 430,000 and 480,000 new housing units over the next decade, to bring housing costs back to where they were before the pandemic. Carney promised in his election platform that his government would invest $6 billion in the Build Canada Homes initiative. The platform said Build Canada Homes would act as a developer to build affordable housing at scale, including on public lands. It also promised to provide over $25 billion in financing to prefabricated homebuilders in Canada, support affordable homebuilders and incentivize companies to hire apprentices and recent graduates by establishing new requirements on federal contribution agreements to major projects. Caroline Desrochers, parliamentary secretary to the minister of housing and infrastructure, said in a recent interview with The Canadian Press that the government is exploring options for Build Canada Homes, which could potentially become a separate agency or a unit within Housing, Infrastructure and Communities Canada. She said the government is aiming to launch the program in the fall and is "going to start doing work right now with what we have already" while exploring the best governance for the entity. Desrochers said the goal is to not create "more layers of bureaucracy and approvals." Desrochers said representatives from the government and the CMHC are on a task force created to develop the options for the new program. She said the government is also in discussion with several promoters and modular and prefabricated home companies to see what projects are ready for funding and to be built. This report by The Canadian Press was first published Aug. 11, 2025. Catherine Morrison, The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Zelenskyy Says He and Carney Agree Putin Seeking to ‘Buy Time' With Trump Meeting
Zelenskyy Says He and Carney Agree Putin Seeking to ‘Buy Time' With Trump Meeting

Epoch Times

time6 hours ago

  • Epoch Times

Zelenskyy Says He and Carney Agree Putin Seeking to ‘Buy Time' With Trump Meeting

Prime Minister Mark Carney and Ukrainian President Volodymyr Zelenskyy spoke ahead of a meeting between U.S. and Russian leaders this week, with Zelenskyy saying the two agreed that Russian President Vladimir Putin is using the meeting as a stalling tactic. 'We see it the same way, and it is obvious that the Russians simply want to buy time, not end the war,' Zelenskyy said in his Aug. 11 readout of the call with Carney. The Ukrainian leader said Russian strikes on civilian infrastructure prove that Putin does not want to end the war.

CVS Headlines $18 Billion High-Grade Bond Blitz Before CPI
CVS Headlines $18 Billion High-Grade Bond Blitz Before CPI

Yahoo

time7 hours ago

  • Yahoo

CVS Headlines $18 Billion High-Grade Bond Blitz Before CPI

(Bloomberg) -- CVS Health Corp. and a unit of Chevron Corp. are among 14 firms raising $17.65 billion of US investment-grade bonds Monday, the most deals in three months, as issuers rush to market ahead of this week's anticipated consumer-price data. Sunseeking Germans Face Swiss Backlash Over Alpine Holiday Congestion New York Warns of $34 Billion Budget Hole, Biggest Since 2009 Crisis To Head Off Severe Storm Surges, Nova Scotia Invests in 'Living Shorelines' Chicago Schools' Bond Penalty Widens as $734 Million Gap Looms A New Stage for the Theater That Gave America Shakespeare in the Park The deals follow $40.4 billion of high-grade issuance last week, that saw the highest volume since May, as average yields for investment-grade corporates reached their lowest level of 2025 and premiums are near their tightest in a quarter-century. Selling debt now avoids potential interest-rate volatility following Tuesday's consumer-price report. Chevron USA Inc. is marketing $5.5 billion of bonds in seven tranches, six months after completing a similar deal that raised $5.5 billion. Meanwhile, CVS is holding its first investment-grade sale of 2025. Proceeds will in part repay existing debt, according to a person familiar with the matter. The longest portion of the four-part transaction is a 40-year security that will yield 1.42 percentage points above Treasuries after initially discussing around 1.7 percentage points, said the person, who asked not to be identified as the details are private. The company sold $3 billion of hybrid bonds last December and $5 billion of notes in May 2024. Wall Street syndicate desks had projected $40 billion to $45 billion of high-grade bond sales for this week. Activity should 'remain healthy' until the typical lull arrives in late-August, said Kyle Stegemeyer, head of investment-grade debt capital markets and syndicate at U.S. Bank. Bloomberg Economics expects consumer-price data for July to show inflation having accelerated from previous months, with price gains in core goods and services both anticipated to have picked up. The reports for July and August will be key for the Federal Reserve's next policy meeting in September, when markets are starting to price in the first interest rate cut of 2025. (Updates through out with sales volume, launch details) Why It's Actually a Good Time to Buy a House, According to a Zillow Economist The Social Media Trend Machine Is Spitting Out Weirder and Weirder Results Klarna Cashed In on 'Buy Now, Pay Later.' Now It Wants to Be a Bank The Game Starts at 8. The Robbery Starts at 8:01 It's Only a Matter of Time Until Americans Pay for Trump's Tariffs ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store