Skip to content

NEWS BRIEFS: Hay River man wins with lottery ticket

logo

A Hay River resident recently won $25,000 on a Set for Life scratch-'n'-win ticket.

Frederick Carlson bought the ticket at Ring's Pharmacy.

Carlson said he was feeling good when he discovered he was a lottery winner.

"I scratched the ticket while I was still in the store," he said in a July 20 news release from the Western Canada Lottery Corporation. "I saw the three matching $25,000 icons and I was feeling pretty good – really good."

Carlson said he already has some plans for his winnings.

"I'm going to pay some bills and take a trip to Toronto," he said.

 

Public hearing set on GNWT bill

The Legislative Assembly's Standing Committee on Government Operations will be holding a public hearing in Hay River regarding Bill 8: Emergency Management Act.

The public hearing will begin at 7 p.m. on Aug. 13 at the Community Hall.

Film society plans another screening

The Hay River Film Society is planning its next screening later this month.

It will feature the award-winning Canadian animated film The Breadwinner.

The screening will begin at 3 p.m. on Aug. 11 at Riverview Cineplex.

 

GNWT's credit rating steady

The GNWT received confirmation of its Aa1 credit rating with a stable outlook from Moody's Investor Services on July 18.

The Aa1 rating is the second-highest rating available from Moody's.

A high credit rating supports current borrowing at a low interest rate and helps to ensure affordable borrowing costs for potential future strategic investments such as the Mackenzie Valley highway, the Tlicho all-season road or the Taltson River hydro expansion project.

"This credit rating, and the related analysis, recognizes our challenges of limited revenue growth and ongoing expenditure pressures," said Finance Minister Robert C. McLeod in a July 24 news release. "It supports that our overall fiscal strategy is prudent and a responsible course of action and that our ongoing diligence will ensure financial sustainability."

Moody's Investors Service first gave the NWT a credit rating of Aa3 in February of 2005.

The upgrade to Aa1 was in 2006.

The highest possible credit rating issued by Moody's is Aaa, one level above the GNWT's rating.