Atlantic Canada Business News

LISTEN: Offshore energy investment heats up across the region, Nova Scotia restructures its immigration nominee program, New Brunswick strikes a tourism deal with the Toronto Blue Jays, and Newfoundland and Labrador’s new government tables its first full budget. This week on the Atlantic Canada Business Report, host Peter McCully covers major offshore energy activity in Nova Scotia and Newfoundland and Labrador, the restructuring of Nova Scotia’s Provincial Nominee Program, a used car dealership fraud investigation in lower Sackville, a new home care acquisition, and Newfoundland and Labrador’s 2026—27 budget. Inceptio Oil and Gas has committed more than 210 million dollars in exploration near Sable Island, while the Newfoundland and Labrador budget allocates 90 million dollars to a new offshore exploration fund as the Bay du Nord project moves toward a final investment decision. Nova Scotia is overhauling its Provincial Nominee Program with a 12-month expiry on expressions of interest and a tiered priority framework that favours healthcare workers and skilled tradespeople. New Brunswick has inked a three-year, 1.6-million-dollar tourism marketing partnership with the Toronto Blue Jays, and Premier Susan Holt has signalled she is prepared to restore American alcohol to provincial shelves if significant tariffs are rolled back. In Prince Edward Island, Ottawa and the province have signed a workforce tariff response agreement targeting sectors most exposed to trade uncertainty. In Newfoundland and Labrador, the Progressive Conservative government’s first full budget projects a deficit of 688 million dollars with no new taxes, a phased small business tax reduction, and 5.4 billion dollars directed to healthcare. Highlights: Atlantic Canada Nova Scotia and Newfoundland and Labrador are both pushing to attract offshore energy investment. Inceptio Oil and Gas committed more than 210 million dollars near Sable Island, while the Newfoundland budget allocates 90 million dollars to a new offshore exploration fund. Nova Scotia Nova Scotia is restructuring its Provincial Nominee Program with a new 12-month expiry period for expressions of interest and a tiered priority framework that fast-tracks healthcare workers and skilled tradespeople while restricting lower-skilled occupational categories. New Brunswick New Brunswick has signed a three-year, 1.6-million-dollar tourism marketing partnership with the Toronto Blue Jays, providing provincial visibility through game-day experiences, a national travel contest, and digital storytelling aimed at the team’s broad Canadian fan base. Prince Edward Island The federal government and Prince Edward Island have signed a workforce tariff response agreement to support island workers affected by trade disruptions. The province’s unemployment rate stood at 7.3 percent in March, linked in part to tariff-related pressures. Newfoundland and Labrador Newfoundland and Labrador’s Progressive Conservative government has tabled its first full budget, projecting a deficit of 688 million dollars with no new taxes or fee increases, a small business tax cut, and 5.4 billion dollars allocated to healthcare. Special Thanks to Our Sponsor: ALP Limited Valuation Services https://www.businessandassetvalues.com Join our email list to never miss an episode: https://mailchi.mp/be8ab77675b4/atlantic-canada-business-news You can subscribe to our audio feeds by visiting our website: https://www.atlanticcanadabusiness.news Send your press releases and business news tips to: [email protected] Advertising enquiries can be made via email to: [email protected] Visit us on LinkedIn: https://www.linkedin.com/company/atlanticcanadabusiness-news #AtlanticCanada #BusinessNews #NovaScotiaBusiness #NewBrunswickBusiness #PEIBusiness #NewfoundlandBusiness #CanadianBusiness #RegionalEconomy #AtlanticBusinessNewsPodcast

LISTEN: Federal investment flows to Atlantic Canada’s cruise and food sectors, Prince Edward Island’s Auditor General warns of an unsustainable deficit, and Newfoundland and Labrador moves to restructure its Future Fund. This week on the Atlantic Canada Business Report, host Peter McCully covers federal investment in the cruise and food industries, a major wind energy approval in Nova Scotia, New Brunswick’s economic growth strategy, a record deficit warning in Prince Edward Island, and restructuring legislation for Newfoundland and Labrador’s Future Fund. The Atlantic Canada Opportunities Agency is backing the Atlantic Canada Cruise Association with more than $350,000 for a three-year plan covering more than 20 ports across all four Atlantic provinces, and is sending 18 food and beverage companies to SIAL Canada, the country’s largest food trade show. A new retrofit partnership will help building owners across the region reduce carbon emissions and modernize aging facilities. Nova Scotia Tourism reported $3.7 billion in revenue in 2025, up 8% from the prior year. In New Brunswick, Premier Susan Holt traveled to Ottawa to promote the province’s energy and trade assets, while the government launched an economic development strategy targeting 10% provincial growth by 2030. In Prince Edward Island, the Auditor General issued a stark warning after the province tabled a record $410 million deficit budget. In Newfoundland and Labrador, Irving Oil has filed a second application to ship crude via foreign-flag tankers from Placentia Bay to Saint John, and Bill 9 would restructure the province’s Future Fund by removing mandatory annual contributions. Highlights: Atlantic Canada The Atlantic Canada Opportunities Agency is investing more than $350,000 in the Atlantic Canada Cruise Association to fund a three-year strategic plan supporting marketing, cruise line relationships, and business development. Nova Scotia The Upper Afton Wind Project in eastern Nova Scotia has received provincial environmental assessment approval. Co-owned by Membertou Development and Ever Wind, the project will generate 176 megawatts and create up to 250 construction jobs. New Brunswick New Brunswick Premier Susan Holt traveled to Ottawa to promote the province’s energy assets, ports, and project potential to Prime Minister Mark Carney and business leaders. Prince Edward Island Prince Edward Island’s Auditor General has issued a stark warning following the province’s record $410 million deficit budget. Newfoundland and Labrador The Newfoundland and Labrador government has introduced legislation to restructure the province’s Future Fund, which holds more than $500 million. Special Thanks to Our Sponsor: ALP Limited Valuation Services https://www.businessandassetvalues.com Join our email list to never miss an episode: https://mailchi.mp/be8ab77675b4/atlantic-canada-business-news You can subscribe to our audio feeds by visiting our website: https://www.atlanticcanadabusiness.news Send your press releases and business news tips to: [email protected] Advertising enquiries can be made via email to: [email protected] Visit us on LinkedIn: https://www.linkedin.com/company/atlanticcanadabusiness-news #AtlanticCanada #BusinessNews #NovaScotiaBusiness #NewBrunswickBusiness #PEIBusiness #NewfoundlandBusiness #CanadianBusiness #RegionalEconomy #AtlanticBusinessNewsPodcast

LISTEN: A new regional construction alliance forms across Atlantic Canada, PEI tables its largest deficit in provincial history, Maritime lobster markets recover after China’s tariff reversal, and a snow crab pricing deal ends a two-week standoff in Newfoundland and Labrador. This week on the Atlantic Canada Business Report, host Peter McCully covers regional labour markets, a new construction industry alliance, fishery pricing developments, a record provincial deficit, a long-term care strike, and a federal fuel tax suspension. Labour market data shows Atlantic Canada entering the second quarter with gains in all four provinces — Nova Scotia up 3,900 jobs, New Brunswick at a year-over-year high of 9,000, Prince Edward Island adding 2,600, and Newfoundland and Labrador growing 2% year over year. Eight provincial construction associations have united to form the Atlantic Construction Alliance, representing more than 100,000 contractors, tradespeople, and suppliers, with a mandate to improve procurement, labour mobility, and housing delivery across the region. Maritime lobster harvesters are heading into spring with improved pricing expectations following the removal of China’s 25% tariff on Canadian seafood, though rising fuel and bait costs are squeezing margins. In Newfoundland and Labrador, the Fish Food and Allied Workers Union and the Association of Seafood Producers reached a snow crab pricing agreement, ending a two-week dispute that delayed the 2026 season opening. Prince Edward Island tabled its 2026–27 operating budget projecting a $410 million deficit — the largest in the province’s history. In Nova Scotia, more than 2,200 long-term care workers are on strike across 25 facilities. Ottawa has also announced a temporary suspension of the federal fuel excise tax from April 20th to September 7th. Highlights: Atlantic Canada - Eight provincial construction associations have joined to form the Atlantic Construction Alliance, a new regional body representing more than 100,000 contractors, tradespeople, and suppliers. The alliance will advocate for fairer procurement, improved labour mobility, stronger workforce development, and accelerated housing delivery. Nova Scotia - More than 2,200 workers across 25 long-term care homes are on strike, seeking a $5/hour wage increase across all classifications. Workers include continuing care assistants, licensed practical nurses, and support service staff such as dietary and laundry employees. New Brunswick - The New Brunswick government has reached a tentative agreement with more than 3,500 public service workers, covering 11 bargaining units now consolidated into one master agreement. Full details are being withheld pending ratification. Prince Edward Island - PEI has tabled its 2026–27 operating budget projecting revenues of $3.4 billion against spending of $3.8 billion — a $410 million deficit, the largest in the province’s history and the largest relative to GDP of any province in Canada. Newfoundland and Labrador - The Fish Food and Allied Workers Union and the Association of Seafood Producers have reached a snow crab pricing agreement, ending a two-week standoff. Harvesters received $6/pound through April 18th, adjusting to $5.75/pound thereafter, with prices tied to weekly markets. Special Thanks to Our Sponsor: ALP Limited Valuation Services https://www.businessandassetvalues.com Join our email list to never miss an episode: https://mailchi.mp/be8ab77675b4/atlantic-canada-business-news You can subscribe to our audio feeds by visiting our website: https://www.atlanticcanadabusiness.news Send your press releases and business news tips to: [email protected] Advertising enquiries can be made via email to: [email protected] Visit us on LinkedIn: https://www.linkedin.com/company/atlanticcanadabusiness-news #AtlanticCanada #BusinessNews #NovaScotiaBusiness #NewBrunswickBusiness #PEIBusiness #NewfoundlandBusiness #CanadianBusiness #RegionalEconomy

LISTEN: A new report projects Atlantic Canada will need 441,000 workers over the next decade, grocery prices climb sharply across the Maritimes, and two Atlantic provinces prepare to table their provincial budgets This week on the Atlantic Canada Business Report, host Peter McCully covers workforce projections, cost-of-living pressures, legislative milestones, and fiscal developments across all four Atlantic provinces. A Public Policy Forum report projects the region will need to fill 441,000 jobs between 2025 and 2035, with immigration identified as the primary driver of recent youth workforce growth. Statistics Canada data shows grocery prices rose 5.7% in February year-over-year, with whole chicken, beef, and coffee among the sharpest increases. Atlantic Canadians cite rising costs and healthcare as their top concerns. Nova Scotia's spring legislative session concluded after a record 27 sitting days, with the 2026–27 budget and the Powering the Economy Act both passing. New Brunswick launched its wildfire season ahead of schedule following a dry winter. Prince Edward Island's fuel price regulator is reviewing its pricing formula after pump prices hit $1.98 per litre. In Newfoundland and Labrador, the Valentine Gold Mine posted a strong first quarter, Marble Mountain concluded a standout ski season, and the province's first budget under Premier Wakeham is expected after Easter recess. Highlights: Atlantic Canada - A Public Policy Forum report projects Atlantic Canada will need to fill 441,000 jobs between 2025 and 2035, with roughly 265,000 representing replacement roles. Recent youth workforce growth has been driven almost entirely by immigrants and international students. Nova Scotia - Nova Scotia's spring legislative sitting concluded after a record 27 days — the longest session since 2018. The 2026–27 budget passed with a projected $1.24 billion deficit, including measures to hold the small business tax rate at 1.5%. New Brunswick - New Brunswick has launched its wildfire season ahead of schedule following a winter with record low precipitation. The province is investing $6.7 million to strengthen response capacity, converting 74 seasonal forest ranger positions into year-round roles. Prince Edward Island - Premier Rob Lantz has confirmed the Island Regulatory and Appeals Commission is reviewing its gasoline pricing formula after pump prices reached $1.98 per litre — an increase of nearly 35% since the Middle East conflict began. Newfoundland and Labrador - Finance Minister Craig Pardy is preparing to table Newfoundland and Labrador's first budget under Premier Wakeham's government, with the deficit for the closing fiscal year projected at $948 million and net debt approaching $19.9 billion. Special Thanks to Our Sponsor: ALP Limited Valuation Services https://www.businessandassetvalues.com Join our email list to never miss an episode: https://mailchi.mp/be8ab77675b4/atlantic-canada-business-news You can subscribe to our audio feeds by visiting our website: https://www.atlanticcanadabusiness.news Send your press releases and business news tips to: [email protected] Advertising enquiries can be made via email to: [email protected] Visit us on LinkedIn: https://www.linkedin.com/company/atlanticcanadabusiness-news #AtlanticCanada #BusinessNews #NovaScotiaBusiness #NewBrunswickBusiness #PEIBusiness #NewfoundlandBusiness #CanadianBusiness #RegionalEconomy

LISTEN: All four Atlantic provinces raise minimum wages on April 1st, New Brunswick Power's independent review delivers 50 recommendations for reform, and federal immigration cuts hit Atlantic Canada harder than anywhere else in the country This week on the Atlantic Canada Business Report, host Peter McCully covers a broad range of economic, regulatory, and workforce developments across all four Atlantic provinces. Business and community leaders are warning that federal immigration reductions could slow economic growth and worsen labour shortages across a region with some of the oldest demographics in the country. A federal Auditor General report found that all four Atlantic provinces experienced international student permit declines of 59% or greater in 2024 — far beyond what Ottawa had projected. All four provinces raised minimum wages on April 1st, while the Canadian Federation of Independent Business cautioned the pace of increases is unsustainable for small business owners. An independent panel released a sweeping 50-recommendation review of New Brunswick Power, calling for structural reform and regional grid integration. Prince Edward Island is grappling with seven consecutive quarters of more business closures than openings. In Newfoundland and Labrador, a major federal defence investment at Five Wing Goose Bay was announced alongside a shift in the Argentia wind-hydrogen project to wind-only development. Highlights: Atlantic Canada - All four Atlantic provinces raised minimum wages on April 1st — Nova Scotia to $16.75, Prince Edward Island to $17.00, New Brunswick to $15.90, and Newfoundland and Labrador to $16.35, tied to consumer price index adjustments. Nova Scotia - Membertou First Nation passed a resolution barring the RCMP and the province from cannabis and tobacco enforcement on its lands, citing treaty rights. New Brunswick - An independent panel has delivered 50 recommendations for New Brunswick Power, calling for an end to political interference, a spin-off of Point Lepreau Nuclear, and talks with Nova Scotia and Prince Edward Island on a regional grid operator. Prince Edward Island - The Canadian Federation of Independent Business reports business closures have outnumbered new formations on the island for seven consecutive quarters, with 286 more businesses closing than opening from 2024 to 2025. Newfoundland and Labrador - The federal government has committed up to $8 billion in long-term defence investments at Five Wing Goose Bay in Labrador, plus an initial $187 million energy performance contract to modernize base infrastructure. Special Thanks to Our Sponsor: ALP Limited Valuation Services https://www.businessandassetvalues.com Join our email list to never miss an episode: https://mailchi.mp/be8ab77675b4/atlantic-canada-business-news You can subscribe to our audio feeds by visiting our website: https://www.atlanticcanadabusiness.news Send your press releases and business news tips to: [email protected] Advertising enquiries can be made via email to: [email protected] Visit us on LinkedIn: https://www.linkedin.com/company/atlanticcanadabusiness-news #AtlanticCanada #BusinessNews #NovaScotiaBusiness #NewBrunswickBusiness #PEIBusiness #NewfoundlandBusiness #CanadianBusiness #RegionalEconomy #AtlanticBusinessNewsPodcast

LISTEN: More than $3 billion in new defence spending lands across the Maritimes, New Brunswick targets antimony as a critical mineral opportunity, and Newfoundland and Labrador secures a landmark offshore oil agreement This week on the Atlantic Canada Business Report, host Peter McCully covers a wide range of economic, infrastructure, energy, and investment developments across all four Atlantic provinces. Prime Minister Mark Carney has announced more than $3 billion in new defence and infrastructure spending across the Maritimes, with more than $2 billion directed to Nova Scotia and more than $1 billion to CFB Gagetown in New Brunswick. Nova Scotia’s offshore wind sector advanced on two fronts, with Hydro-Québec issuing a formal request for information on purchasing Atlantic offshore wind power and the Powering the Economy Act continuing through the legislature. New Brunswick launched a competitive process to find a private sector partner to redevelop the former Lake George Antimony Mine — estimated to hold ore valued at over $900 million at current prices. Prince Edward Island issued an expression of interest for battery energy storage and filed for potential electricity export authorization to the United States. Newfoundland and Labrador secured a landmark benefits agreement for the Bay du Nord deepwater offshore oil project, committing to up to $6.4 billion in direct provincial revenue, and invested $15 million in a new venture capital fund for the province’s growing technology sector. Highlights: Atlantic Canada - Mediacorp Canada has announced the Atlantic Canada Top Employers for 2026, recognizing organizations across insurance, construction, seafood, engineering, financial services, and retail in all four provinces. Nova Scotia - Hydro-Québec has issued a formal request for information on purchasing and transmitting power from future Atlantic offshore wind farms, signalling growing continental interest in the region’s offshore wind potential. New Brunswick - The province has launched a competitive expression of interest process to find a private sector partner to redevelop the former Lake George Antimony Mine, estimated to hold more than 800,000 tonnes of ore valued at over $900 million at current prices. Prince Edward Island - The province has issued an expression of interest for a battery energy storage system to stabilize the island’s electricity grid, while Innovation PEI is promoting a trade mission to South Korea for export-ready island businesses. Newfoundland and Labrador - The government has reached a landmark benefits agreement with Equinor and BP to advance the Bay du Nord deepwater offshore oil project, securing up to $6.4 billion in direct provincial revenue with first oil targeted for approximately 2031. “This report is based on publicly available reporting from regional, national, and industry news sources.” Special Thanks to Our Sponsor: ALP Limited Valuation Services https://www.businessandassetvalues.com Join our email list to never miss an episode: https://mailchi.mp/be8ab77675b4/atlantic-canada-business-news You can subscribe to our audio feeds by visiting our website: https://www.atlanticcanadabusiness.news Send your press releases and business news tips to: [email protected] Advertising enquiries can be made via email to: [email protected] Visit us on LinkedIn: https://www.linkedin.com/company/atlanticcanadabusiness-news #AtlanticCanada #BusinessNews #NovaScotiaBusiness #NewBrunswickBusiness #PEIBusiness #NewfoundlandBusiness #CanadianBusiness #RegionalEconomy

LISTEN: New Brunswick tables its largest-ever deficit budget, Nova Scotia lands a $200 million federal spaceport commitment, and Atlantic Canadian businesses warn of a cost breaking point This week on the Atlantic Canada Business Report, host Peter McCully covers a wide range of economic, regulatory, and business developments across the region's four provinces. More than half of Atlantic Canadian businesses are planning to raise prices this year. Fuel prices have climbed to their highest levels since the Russia-Ukraine conflict, adding significant burden to transportation and logistics-dependent operations across all four provinces. New Brunswick tabled the largest deficit budget in provincial history at $1.39 billion, while Nova Scotia secured a landmark $200 million federal commitment to establish a commercial spaceport near Canso. Newfoundland and Labrador led the region in job creation and attracted major aerospace and defence investment, and Prince Edward Island earned national recognition for its innovative sport tourism marketing strategy. Highlights: Atlantic Canada — More than half of Atlantic Canadian businesses are planning price increases in 2025, as the compounding effects of US tariffs, rising fuel costs, and ongoing wage pressures push small and medium-sized enterprises toward a breaking point. Nova Scotia — The federal government has committed $200 million over 10 years to establish a multi-user commercial spaceport near Canso, Nova Scotia, capable of launching Canadian satellites into orbit from Canadian soil. New Brunswick — The province has tabled the largest deficit budget in its history at $1.39 billion, including a controversial new toll on out-of-province vehicles on the Trans-Canada Highway at the Nova Scotia boundary, expected to open in 2028. Prince Edward Island — A new Canada-Mexico trade agreement opens fresh export opportunities for island potato producers. Newfoundland and Labrador — The province's aerospace and defence sector received $16 million in federal investment to support five companies developing and manufacturing critical technologies in the province. "This report is based on publicly available reporting from regional, national, and industry news sources." Special Thanks to Our Sponsor: ALP Limited Valuation Services https://www.businessandassetvalues.com Join our email list to never miss an episode: https://mailchi.mp/be8ab77675b4/atlantic-canada-business-news You can subscribe to our audio feeds by visiting our website: https://www.atlanticcanadabusiness.news Send your press releases and business news tips to: [email protected] Advertising enquiries can be made via email to: [email protected] Visit us on LinkedIn: https://www.linkedin.com/company/atlanticcanadabusiness-news

LISTEN: Kraken Robotics announces a $615 million acquisition, PEI sets new tourism record, and NB Power customers face a decade of rising electricity rates This week on the Atlantic Canada Business Report, host Peter McCully covers a wide range of economic, regulatory, and business developments across the region's four provinces. The Atlantic Chamber of Commerce is urging premiers to eliminate barriers to worker mobility, arguing that duplicated training requirements and inconsistent credential recognition are hampering productivity and slowing major projects. A Halifax startup is celebrating an international product launch after a viral Dragon's Den moment helped secure equity financing and open markets in three countries. New Brunswick electricity customers are bracing for rate hikes that could total roughly 50% since 2023. Prince Edward Island is celebrating a new tourism record. And out of St. John's, Kraken Robotics is making global headlines with a $615 million acquisition of a British underwater technology company. Highlights: Atlantic Canada — The Atlantic Chamber of Commerce is calling on premiers to eliminate duplicated safety training requirements and inconsistent credential recognition slowing hiring and raising costs across the region. Nova Scotia — Liberal MLA Ian Rankin has tabled legislation to create a construction mitigation fund for businesses disrupted by nearby infrastructure work and an independent Small Business Commissioner to resolve disputes with landlords, corporations, and government bodies. New Brunswick — A Moncton beauty brand with nearly 400,000 social media followers is turning trade tensions into a sales opportunity, seeing a surge in purchases on both sides of the Canada-U.S. border as tariff concerns draw attention to Canadian-made products. Prince Edward Island — The province welcomed 1.87 million visitors in 2025, a 10% increase and a new provincial record, with visitor spending climbing 12.4% year over year. Newfoundland and Labrador — The NL Liquor Corporation's manufacturing division saw production of ready-to-drink beverages, wine, and beer rise roughly 67% year over year, with locally produced products now exported to more than 30 countries. "This report is based on publicly available reporting from regional, national, and industry news sources." Special Thanks to Our Sponsor: ALP Limited Valuation Services (https://mailchi.mp/be8ab77675b4/atlantic-canada-business-news You can subscribe to our audio feeds by visiting our website: https://www.atlanticcanadabusiness.news Send your press releases and business news tips to: [email protected] Advertising enquiries can be made via email to: [email protected] Visit us on LinkedIn: https://www.linkedin.com/company/atlanticcanadabusiness-news #AtlanticCanada #BusinessNews #NovaScotiaBusiness #newbrunswickbusiness #PEIBusiness #NewfoundlandBusiness #CanadianBusiness #RegionalEconomy #atlanticbusinessnewspodcast

LISTEN: Minimum wages rise across all four provinces April 1st, EverWind Fuels secures $240 million for Atlantic Canada's largest onshore wind project and Fuel prices surge after strikes on Iran This week on the Atlantic Canada Business Report, host Peter McCully covers a week of economic disruption and energy opportunity across the region. Fuel prices jumped sharply following joint US-Israeli military strikes on Iran that disrupted tanker traffic, rattling consumers and supply chains. Minimum wages are rising April 1st in all four Atlantic provinces, adding cost pressure on small businesses already navigating US tariff uncertainty. A new Canadian Federation of Independent Business survey found that 52% of small business owners no longer consider the United States a reliable partner. On the energy front, Nova Scotia clean energy company EverWind Fuels secured $240 million in financing to advance Atlantic Canada's largest onshore wind development in Cape Breton, while a Deloitte Canada report warned the region must move decisively to capture up to $100 billion in offshore wind, hydro, and nuclear opportunity. New Brunswick released a new mineral strategy and received federal support for steel manufacturer Max Steel. Bell Canada committed $1 million to the McKenna Institute at UNB for cybersecurity research. In Newfoundland and Labrador, former Premier Andrew Furey joins National Bank as Vice Chair. Highlights: Atlantic Canada — 52% of small business owners no longer view the United States as a reliable business partner, up from 49% a year ago, according to new CFIB data. Nova Scotia — Ever Wind Fuels secured $240 million in financing for Atlantic Canada's largest onshore wind development, located in Cape Breton. New Brunswick — Bell Canada committed $1 million to the McKenna Institute at UNB for cybersecurity research. Prince Edward Island — Minimum wages rise to $17.00 per hour on April 1st, the highest rate among the four Atlantic provinces. Newfoundland and Labrador — The province advanced agreements with Equinor and BP on the Bay du Nord offshore oil project. "This report is based on publicly available reporting from regional, national, and industry news sources." Special Thanks to Our Sponsor: ALP Limited Valuation Services Join our email list to never miss an episode: https://mailchi.mp/be8ab77675b4/atlantic-canada-business-news You can subscribe to our audio feeds by visiting our website: https://www.atlanticcanadabusiness.news Send your press releases and business news tips to: [email protected] Advertising enquiries can be made via email to: [email protected] Visit us on LinkedIn: https://www.linkedin.com/company/atlanticcanadabusiness-news #AtlanticCanada #BusinessNews #NovaScotiaBusiness #NewBrunswickBusiness #PEIBusiness #NewfoundlandBusiness #CanadianBusiness #RegionalEconomy #AtlanticBusinessNewsPodcast

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LISTEN: Atlantic Canadian startups attract $348 million in venture capital, Nova Scotia's budget delivers small business tax relief, and all four provinces respond to Canada's first Defence Industrial Strategy This week on the Atlantic Canada Business Report, host Peter McCully covers a week defined by budget decisions, defence industry opportunity, and clean energy innovation across all four Atlantic provinces. Nova Scotia's 2026–27 provincial budget delivers meaningful small business tax relief, preserving the 1.5% rate. The Canada Infrastructure Bank committed $206 million to Nova Scotia's Mersey River Wind Project, introducing a direct-to-consumer electricity sales model that could fundamentally reshape how Atlantic energy markets attract private capital. Canada's first Defence Industrial Strategy is generating formal responses across all four provinces, with ACOA investing over $4 million in Nova Scotia defence companies, PEI establishing a new defence advisory council, and Newfoundland and Labrador Premier Tony Wakeham announcing a provincial defence engagement strategy. New Brunswick headlines include Premier Susan Holt's trade mission to India and federal investment in forest sector market development. Atlantic Canadian startups secured $348 million in venture capital in 2024, signalling a strengthening regional innovation ecosystem. Highlights: Atlantic Canada — Atlantic Canadian startups secured $348 million in venture capital funding in 2024, reflecting growing investor confidence and a maturing regional innovation ecosystem. Nova Scotia — The 2026–27 provincial budget preserves the small business tax rate at 1.5% while raising the income threshold from $500,000 to $700,000, benefiting an estimated 19,000 business owners. New Brunswick — The New Brunswick government invested just over $6 million into the NB Research and Productivity Council to strengthen applied research and support innovation in manufacturing, energy, and advanced materials. Prince Edward Island — Innovation PEI will recruit members for a new defence strategy advisory council to help island businesses capitalize on planned federal defence spending. Newfoundland and Labrador — St. John's innovation hub Genesis launched Build 48, an intensive 48-hour program designed to help founders turn ideas into functional products. "This report is based on publicly available reporting from regional, national, and industry news sources." Special Thanks to Our Sponsor: ALP Limited Valuation Services Join our email list to never miss an episode: https://mailchi.mp/be8ab77675b4/atlantic-canada-business-news You can subscribe to our audio feeds by visiting our website: https://www.atlanticcanadabusiness.news Send your press releases and business news tips to: [email protected] Advertising enquiries can be made via email to: [email protected] Visit us on LinkedIn: https://www.linkedin.com/company/atlanticcanadabusiness-news #AtlanticCanada #BusinessNews #NovaScotiaBusiness #NewBrunswickBusiness #PEIBusiness #NewfoundlandBusiness #CanadianBusiness #RegionalEconomy #atlanticbusinessnewspodcast

LISTEN: Trump rewrites tariff rules while New Brunswick rolls out $54 million in business support, and all four Atlantic provinces post population declines This week on the Atlantic Canada Business Report, host Peter McCully breaks down one of the most consequential weeks in recent Canadian trade history. The US Supreme Court ruled that President Trump exceeded his authority imposing tariffs under emergency powers legislation — but Trump responded swiftly by signing a new global tariff under separate legislation, leaving duties on Atlantic Canadian lumber, steel, aluminum, and seafood firmly in place. New Brunswick announced up to $54 million in targeted support for seven companies navigating ongoing trade pressures, with Irving Paper receiving the largest share. Housing demand intensified across the region, with Moncton ranking first and Halifax third in Canada for rental market demand, even as all four Atlantic provinces recorded quarterly population declines for the first time in years — raising serious concerns about long-term labour supply. Despite a projected record deficit, Prince Edward Island's economy remains among the strongest in the country, posting the highest average weekly earnings in Canada and leading provinces in manufacturing shipment growth. Highlights: Atlantic Canada leads rental demand — Moncton ranked first in Canada and Halifax third for rental market demand in Q4 2025, according to Rent Café data, as housing pressure intensifies across the region. Nova Scotia continued advancing its offshore wind development strategy, with officials highlighting the province's regulatory preparedness and transmission infrastructure as competitive advantages in the North American market. A New Brunswick trade delegation to Mexico opened new conversations about market diversification, with participants highlighting the scale of opportunity available south of the US border. Prince Edward Island projected a record $367 million deficit while simultaneously leading all provinces in manufacturing shipment growth, posting the highest average weekly earnings in Canada, and forecasting 2.4% real GDP growth in 2025. Newfoundland and Labrador led Canada in non-US export growth, driven by crude oil shipments redirected toward European markets. "This report is based on publicly available reporting from regional, national, and industry news sources." Special Thanks to Our Sponsor: ALP Limited Valuation Services Join our email list to never miss an episode: https://mailchi.mp/be8ab77675b4/atlantic-canada-business-news You can subscribe to our audio feeds by visiting our website: https://www.atlanticcanadabusiness.news Send your press releases and business news tips to: [email protected] Advertising enquiries can be made via email to: [email protected] Visit us on LinkedIn: https://www.linkedin.com/company/atlanticcanadabusiness-news #AtlanticCanada #BusinessNews #NovaScotiaBusiness #NewBrunswickBusiness #PEIBusiness #NewfoundlandBusiness #CanadianBusiness #AtlanticBusinessNewsPodcast

LISTEN: Atlantic Canada's food service sector shows resilience while defence innovation accelerates and major energy projects advance across the region Atlantic Canada's food service industry reported 0.6% real per capita sales growth, driven by the GST/HST holiday and increased domestic tourism, though operators face mounting labour costs and immigration policy uncertainty. Federal support continues with ACOA providing nearly $1 million for New Brunswick's VIMY Forge defence innovation accelerator, while Premier Tim Houston promoted Nova Scotia's offshore wind potential to global investors in New York. Nova Scotia implemented substantially higher penalties for illegal fishing targeting $400 million in unreported lobster catches, and a potential $10-15 billion LNG mega-project off Newfoundland's coast represents one of the largest proposed industrial investments in provincial history. Highlights: Trade mission to Mexico – Minister Dominic LeBlanc leading 370 delegates to diversify trade amid US tariff threats. Offshore wind promotion – Nova Scotia Premier Houston addressed global New Brunswick wage increase – Provincial minimum wage rising to $15.90 per hour effective April 1st. Premier Rob Lantz sworn in – PEI Premier returns to leadership role following ceremony at Government House on February 9th. Canada Summer Games impact – 2025 event delivered approximately $193 million in economic activity across province. "This report is based on publicly available reporting from regional, national, and industry news sources." Special Thanks to Our Sponsor: ALP Limited Valuation Services Join our email list to never miss an episode: https://mailchi.mp/be8ab77675b4/atlantic-canada-business-news You can subscribe to our audio feeds by visiting our website: https://www.atlanticcanadabusiness.news Send your press releases and business news tips to: [email protected] Advertising enquiries can be made via email to: [email protected] Visit us on LinkedIn: https://www.linkedin.com/company/atlanticcanadabusiness-news #AtlanticCanada #BusinessNews, #NovaScotiaBusiness, #NewBrunswickBusiness, #PEIBusiness, #NewfoundlandBusiness, #AtlanticBusinessNewsPodcast

LISTEN: Federal housing strategy accelerates while Nova Scotia launches groundbreaking 2% down payment program for first-time buyers Ottawa has introduced legislation transforming Build Canada Homes into a Crown Corporation focused on affordable housing delivery, with direct build projects advancing in Dartmouth and other Atlantic Canadian cities. Nova Scotia launched a first-time home buyer program requiring just 2% down payments to help renters struggling to save deposits, while signing a three-year energy cooperation agreement with Massachusetts covering offshore wind development. New Brunswick restructured its Atlantic Immigration Program with applications now entering a monthly candidate pool, and announced plans to discontinue using Elon Musk's X platform for routine government communications. Newfoundland and Labrador is closing its Boston office to save approximately $1 million annually, while Premier Tony Wakeman reaffirmed commitments to healthcare improvement, tax relief, and safer communities after 100 days in office. Highlights: Atlantic Fisheries Fund renewal urged – Atlantic Chamber of Commerce calls for federal renewal before March 31st deadline while welcoming Canada-China agreement extending reduced tariffs. Nova Scotia-Massachusetts energy cooperation agreement – Three-year memorandum covers offshore wind development and power sharing. Atlantic Immigration Program restructured – Applications enter monthly candidate pool rather than first-come processing. Family doctor relationships with health authority strained – Physicians express concerns about working conditions affecting primary healthcare delivery. Premier reaffirms commitments after 100 days – Healthcare improvement, tax relief, and safer communities priorities include frozen tuitions and tax relief plans. "This report is based on publicly available reporting from regional, national, and industry news sources." Special Thanks to Our Sponsor: ALP Limited Valuation Services Join our email list to never miss an episode: https://mailchi.mp/be8ab77675b4/atlantic-canada-business-news Send your press releases and business news tips to: [email protected] Advertising inquiries can be made via email to: [email protected] You can subscribe to our audio feeds by visiting our website: https://www.atlantic-canada-business-news Visit us on LinkedIn: https://www.linkedin.com/company/atlanticcanadabusiness-news #AtlanticCanada #BusinessNews #NovaScotiaBusiness, #NewBrunswickBusiness #PEIBusiness #NewfoundlandBusiness, #AtlanticBusinessNewsPodcast

LISTEN: Nova Scotia leads Canada in clean energy deals while internal trade barriers cost national economy $210 billion Canada's Premiers and Prime Minister renewed commitments to dismantle interprovincial trade barriers costing the economy nearly $210 billion annually, with Atlantic provinces positioned for significant gains. Nova Scotia overtook Alberta as Canada's most active market for corporate clean energy agreements, procuring 262 megawatts of new wind capacity while advancing toward coal-free electricity by 2030. New Brunswick prepares for fiscal transformation as Premier Susan Holt requests 10-15% departmental budget savings—potentially exceeding $1.4 billion in reductions—while Port Saint John reports a 153% surge in Ontario export volumes. Prince Edward Island implements new personal service business regulations and tax changes delivering $20 million in additional household income, while St. John's housing market continues climbing with 9.6% annual price growth despite national cooling trends. Highlights: Rogers expands satellite connectivity – All 5G plus plans now include Rogers satellite service across Atlantic Canada, enhancing rural business continuity. Retail cannabis revenues climb through 2025 – Nova Scotia leads Atlantic Canada, followed by Newfoundland and Labrador and New Brunswick, reflecting steady consumer demand. Nova Scotia leads Canada in clean energy deals – The Province overtook Alberta in 2025 as most active market for corporate renewable procurement. Port Saint John export volumes surge 153% – Ontario shipments underscore port's growing role as national trade gateway, supporting jobs across marine services. New regulations for personal service businesses – Salons and aesthetics operators must register, formalizing oversight for the growing sector. St. John's housing market defies national trends – Canadian Real Estate Association reports 9.6% price growth the highest five-year increase. “This report is based on publicly available reporting from regional, national, and industry news sources.” Special Thanks to Our Sponsor: ALP Limited Valuation Services https://www.businessandassetvalues.com Join our email list to never miss an episode: https://mailchi.mp/be8ab77675b4/atlantic-canada-business-news Send your press releases and business news tips to:  [email protected] Advertising inquiries can be made via email to: [email protected] Visit us on Linkedin: https://www.linkedin.com/company/atlanticcanadabusiness-news #AtlanticCanadaBusinessNews #NovaScotiaBusiness #NewBrunswickBusiness #PEIBusiness #NewfoundlandBusiness #AtlanticBusinessNewsPodcast

LISTEN: Economic engagement, electricity strategy, and workforce development initiatives drive regional business discussions The Atlantic Economic Panel launches comprehensive regional engagement to identify growth opportunities and policy priorities. Federal and provincial governments advance a national electricity strategy affecting grid infrastructure and energy planning across Atlantic Canada. Maritime lobster fishermen celebrate significant price gains following China trade deal eliminating 25% tariffs, while American producers express concerns about market share losses. European investment accelerates Atlantic Canada's hydrogen export ambitions as TD Economics forecasts slower housing markets amid high interest rates and labour shortages. Small businesses in Nova Scotia and New Brunswick report improved confidence for 2026 despite persistent demand challenges. French renewable energy company Q Energy France partners with NSCC to train workers for offshore wind sector, signaling readiness for large-scale projects. Regional developments include Sydney Harbour project negotiations ending in deadlock and Prince Edward Island potato producers confronting escalating irrigation challenges. Highlights: Atlantic Economic Panel begins regional engagement – Seven-member private sector panel conducts sessions across provinces through February to deliver growth recommendations to federal government by September. National electricity strategy consultation launches – Ottawa seeks provincial input on grid infrastructure and renewable generation affecting regional energy planning and competitiveness. Maritime lobster prices surge 20% after China deal – Tariff elimination provides significant relief to fishing communities while American fishermen express market share concerns. Atlantic hydrogen exports gain European momentum – Major investment initiative strengthens confidence in region as future hydrogen supplier to Germany and EU markets. New Brunswick lumber faces 45% US tariffs – Combined duties threaten sawmill viability and forest value chain supporting thousands of jobs with higher-than-average wages. Canterra Minerals reports high-grade gold at Wilding – Drilling results boost exploration optimism and strengthen Newfoundland and Labrador's emerging gold jurisdiction profile. "This report is based on publicly available reporting from regional, national, and industry news sources." Special Thanks to Our Sponsor: ALP Limited Valuation Services (https://mailchi.mp/be8ab77675b4/atlantic-canada-business-news Send your press releases and business news tips to: [email protected] Advertising inquiries can be made via email to: [email protected] Visit us on LinkedIn: https://www.linkedin.com/company/atlanticcanadabusiness-news #AtlanticCanada #BusinessNews #NovaScotiaBusiness #NewBrunswickBusiness #PEIBusiness #NewfoundlandBusiness #CanadianBusiness #RegionalEconomy #AtlanticBusinessNewsPodcast

LISTEN: China tariff relief brings cautious optimism to seafood exporters while financial pressures mount across the region Atlantic Canada navigates significant economic crosscurrents as temporary tariff suspension brings immediate relief to the seafood industry while mounting household pressures threaten consumer spending. Nova Scotia and Prince Edward Island's lobster sectors celebrate China's decision to suspend 25% tariffs on Canadian crustacean exports through year-end, though industry leaders express concerns about the temporary timeline. Financial sentiment across the region reveals deepening concerns as 68% of Atlantic Canadian residents expect cost-of-living challenges to worsen in 2026, with housing affordability dominating worries in Nova Scotia and New Brunswick. Major commercial shifts include Casino Nova Scotia's relocation from Halifax's waterfront to Dartmouth Crossing, while New Brunswick industrial giants like JD Irving Limited pursue grid independence amid rising power costs. Innovation and infrastructure investments provide bright spots through Sydney's new Cape Breton Business Innovation Centre receiving over $1.3 million in combined funding, Saint John positioning itself as an AI data centre opportunity leveraging extensive dark fibre infrastructure, and Bathurst gaining new commercial air service through PropAir. Highlights: China tariff suspension brings $400M relief to maritime lobster industry – Canada and China reached agreement to temporarily suspend 25% tariff on Canadian lobster and crab exports through year-end. Casino Nova Scotia relocation reshapes regional commercial landscape – Provincial government's decision to move facility from Halifax's waterfront to Dartmouth Crossing creates commercial winners and losers. New Brunswick industrial companies pursue grid independence – Major companies like JD Irving Limited advocate for policy changes allowing renewable electricity generation. Pipestone XL nickel-cobalt discovery gains strategic attention – First Atlantic Nickel Corporation emphasized strategic importance following White House proclamation on critical mineral supply chains. Special Thanks to Our Sponsor: ALP Limited Valuation Services Join our email list to never miss an episode: https://mailchi.mp/be8ab77675b4/atlantic-canada-business-news Send your press releases and business news tips to: [email protected] Advertising inquiries can be made via email to: [email protected] Visit us on LinkedIn: https://www.linkedin.com/company/atlanticcanadabusiness-news This report is based on publicly available reporting from regional, national, and industry news sources. #atlanticcanada #BusinessNews #NovaScotiaBusiness #NewBrunswickBusiness #PEIBusiness #NewfoundlandBusiness #CanadianBusiness #RegionalEconomy #AtlanticBusinessNewsPodcast

LISTEN: Trade missions, workforce policies, and infrastructure investments highlight regional economic activity across the Atlantic provinces Atlantic Canada demonstrates diverse economic activity this week as provinces navigate trade diplomacy, capital investments, and workforce policy decisions. Nova Scotia pursues international seafood markets through ministerial trade missions to China while confronting technology sector setbacks and proposed electricity rate increases. The province's liquor corporation joins regional counterparts in liquidating American alcohol inventory for charity, recording $7 million in sales. New Brunswick advances substantial infrastructure priorities through its capital budget while maintaining flexible public sector workforce policies and addressing forestry sector challenges. The province welcomes battery recycling program expansion and sees federal court decisions favouring local seafood processors. Prince Edward Island celebrates tourism sector success with live music generating significant economic impact, receives federal funding for meat processing innovation, and achieves environmental progress through consecutive emission reductions. Newfoundland and Labrador reaches aerospace industry milestones with spaceport environmental approval while capitalizing on exceptional cruise tourism performance. Highlights: Air Canada-PAL Airlines partnership extends to 2032 – Fleet expansion from six to eleven aircraft strengthens regional connectivity across Eastern Canada. China trade mission targets seafood market expansion – Minister leads delegation to $615 million export market despite new tariff challenges. New Brunswick capital budget prioritizes infrastructure – $247 million healthcare allocation alongside $242 million for schools signals provincial investment focus. Nordspace receives environmental approval – Atlantic Spaceport Complex clears major hurdle for Newfoundland's aerospace sector development. Thank you to our sponsor - Small business and equipment valuation specialists ALP Ltd. Valuation Services. Find them online at https://www.BusinessAndAssetValues.com Join our Email List and never miss an episode: http://www.AtlanticCanadaBusiness.News Send us your news and press releases. Write to: [email protected] Advertising inquiries can be made via email to: [email protected] Visit us on LinkedIn: https://www.linkedin.com/company/atlanticcanadabusiness-news This report is based on publicly available reporting from regional, national, and industry news sources. #AtlanticCanadaBusinessNews #NovaScotiaBusiness #NewBrunswickBusiness #PEIBusiness #NewfoundlandBusiness #AtlanticBusinessNewsPodcast

LISTEN: Fisheries monitoring, restaurant industry pressures, and remote work rollbacks signal shifting business realities across the region Atlantic Canada enters 2026 facing complex economic pressures and strategic opportunities. The fisheries sector confronts a monitoring crisis with observer coverage below 1% in some fleets, threatening market credibility and export access. Industry leaders are exploring AI-powered electronic monitoring to protect sustainability credentials. Nova Scotia's restaurant sector battles rising minimum wages, escalating food costs, and persistent labour shortages, prompting calls for targeted relief including alcohol pricing reforms. Infrastructure developments offer brighter prospects, with New Brunswick advancing battery energy storage projects and Newfoundland and Labrador Hydro securing favourable power agreements reducing industrial electricity costs. Prince Edward Island continues recovering from the 2025 MSX parasite outbreak that devastated oyster production. The tightening of remote-work policies across Canada poses recruitment challenges for Atlantic employers who have leveraged workplace flexibility to compete for talent nationally and internationally. Highlights: Fisheries monitoring drops below 1% – AI-powered electronic monitoring explored to protect sustainability credentials and export markets. Nova Scotia restaurants face cost pressures – Rising wages, food costs, and labour shortages drive calls for targeted relief. Remote work rollback challenges Atlantic recruitment – Tightening policies threaten regional competitive advantage in talent attraction. New Brunswick expands battery storage – Large-scale projects to strengthen grid reliability and renewable integration. PEI oyster sector recovering from MSX outbreak – Government assistance provides short-term relief, longer-term solutions in development. Special Thanks to Our Sponsor: : ALP Limited Valuation Services https://www.businessandassetvalues.com Send your press releases and business news tips to:  [email protected] Advertising inquiries can be made via email to: [email protected] Visit us on Linkedin: https://www.linkedin.com/company/atlanticcanadabusiness-news Visit us on YouTube: https://www.youtube.com/@AtlanticCanBiz #AtlanticCanadaBusinessNews #NovaScotiaBusiness #NewBrunswickBusiness #PEIBusiness #NewfoundlandBusiness #AtlanticBusinessNewsPodcast