Many Canadians know the music, culture and vitality of Newfoundland and Labrador, but few are aware of the province’s crushing and unsustainable debt crisis. With a debt of over $27 billion (including the debt of its public utility NalCor) Newfoundland and Labrador could face insolvency within a decade. The province’s declining GDP, high unemployment rate, and shrinking population spell disaster for the majority of its towns and communities. Without federal intervention, Newfoundland and Labrador – one of Canada’s most treasured regions – could essentially disappear.
Join moderator Bob Hallett and a panel of experts as they discuss solutions to this looming debt crisis and the role of the federal government.
Mr. Bob Hallett
Canadian musician, author, producer, and entrepreneur, best known as a founding member of the Canadian folk-rock band Great Big Sea. The band sold over a million and half records around the world, over a twenty-year period. Through his company, Kilbride Music, Hallett has managed bands and produced records, radio specials, and live concerts. He is a vocal proponent of talent development within the Newfoundland and East Coast Music Industries and has authored a career guidebook for aspiring musicians. He works with the producers of the Broadway musical Come From Away as a Music Consultant, and has also worked at the Stratford Festival as a Composer & Music Director. As an author he has written dozens of magazine articles, essays and several books, including the best-selling memoir Writing Out The Notes. He is the owner of Erin’s Pub and Tavola Restaurant in downtown St. John’s.