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NL's Economic Boom: 5.5% GDP Growth, $1.3B Seafood
Published 4 weeks ago
Description
Newfoundland and Labradors economy is booming with a projected 5.5% GDP growth, leading Canada, despite a $700 million deficit. Key sectors like oil, mining, and fishery are thriving, with record-breaking outputs and revenues. Oil royalties hit $2 billion, and seafood landed $1.3 billion, with more growth predicted. Despite deficits across provinces, this provinces economic surge is set to continue.
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