N.S. Payday Loans Under Microscope

N.S. Payday Loans Under MicroscopeThe Nova Scotia Utility and Review Board is taking another look at the way payday loan companies do business and will examine the issue at hearings scheduled to begin Monday in Halifax. The board will determine whether the companies are charging too much to borrow money. In Nova Scotia, they can charge up to $31 for every $100 borrowed — the highest rate in the country. The UARB set the…

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N.S. Opens hearing on proposal to burn wood for power generation

N.S. Opens hearing on proposal to burn wood for power generationNova Scotia’s regulatory agency begins hearings today on a proposal to build a biomass-fuelled power generation facility that would help move the province closer to its renewable energy targets. Nova Scotia Power, a subsidiary of Emera Inc. (TSX: EMA.TO), and Newpage Port Hawkesbury Corp. want to burn 650,000 tonnes of wood a year to fire a steam generator. They say it will produce about three per cent of the province’s…

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