The executive chairman of Oceanex says a drop in the volume of consumer goods being transported to Newfoundland and Labrador is "nothing like we've seen in recent times." Hynes said Oceanex is looking to reduce costs, and he would not rule out layoffs. Hynes said declines of two to three per cent are not unusual, but "nothing to this extent." Like many business leaders, Hynes is looking at ways to reduce cost, and he would not rule out layoffs. Newfoundland and Labrador will lead the country in GDP in 2019."

Source: CBC News March 06, 2019 09:22 UTC