Here are some of the stories that made headlines in December 2025.
Deficit Hits $1 Billion, but Economy Performing Better than Expected; Government Releases Fiscal Update
The province’s new government has released its fall fiscal update, reporting a deficit now near $1 billion and net debt of almost $20 billion.
The Tories had long suspected the financial picture was worse than the former Liberal government was letting on, and it is, albeit somewhat by their own doing.
The deficit now stands at $948 million, up from the last estimate of $626 million, largely due to the removal of $400 million in revenue from the books in the recent tobacco settlement which has yet to be received.
You can read the full story here.
Newfoundland Power Crews Restoring Power, Just over 11,000 Customers Still Affected
Newfoundland Power crews working diligently to get power restored to customers following a vicious wind and snow storm that that knocked out power to approximately 22,000 customers.
Hardest hit was central Newfoundland, the Bonavista Peninsula and Twillingate.
Newfoundland Power spokesperson Glenda Power says while wind gusts of up to 140 km/h toppled lines and poles, heavy snowfall and blizzard conditions impeded crews from effecting repairs overnight.
You can read the full story here.
Newly Revealed Independent Review Committee has Four Months to Complete Work Before Findings are Put to Referendum
The provincial government’s promised Independent Review Committee, revealed today, will examine whether the MOU being negotiated with Hydro Quebec on Upper Churchill expansion is in the best long-term interest of the people of this province – and the result will be brought to a referendum.
Premier Tony Wakeham told reporters the process being laid out will take longer than the April deadline set to finalize the MOU, but he’s “okay with that.”
“This is about getting the best deal, not getting the fastest deal, and I will not be rushed by any artificial deadline.”
You can read the full story here.



























