LISTEN: This week on the Atlantic Canada Business Report with Peter McCully - Ottawa is reviewing ownership rules for Atlantic Canada's $3-billion inshore fishery and gathering input for a national Rural Development Action Plan. Nova Scotia is forecast to lead most provinces in growth this year as the Halifax Regional Food Hub opens in Dartmouth.
New Brunswick sees new ownership at the Caribou Mine and a federally backed retooling of Saint John's Ocean Steel, while copper wire theft targeting Bell surges province-wide. Prince Edward Island lands $50 million for Natural Products Canada and plans a new Summerside cold storage facility, while asking Islanders how to modernize alcohol rules. In Newfoundland and Labrador, craft brewers gain direct-to-consumer shipping rights as a $14-billion wind-to-ammonia project awaits provincial review.
Highlights:
Atlantic Canada
Ottawa is reviewing inshore fishery ownership rules across Atlantic Canada and Quebec's $3-billion sector, with consultations set for all four provinces this summer. A federal Rural Development Action Plan drew 2,841 participants and 14 community roundtables nationwide.
Nova Scotia
Nova Scotia is forecast to outgrow most provinces in 2026, with TD Bank projecting 1.2 percent GDP growth, trailing only Newfoundland and Alberta. The Halifax Regional Food Hub launched in Dartmouth, linking local food producers with wholesale buyers.
New Brunswick
Canadian Copper Incorporated completed its $6.2-million purchase of the Caribou Mine and Mill near Bathurst, expected to employ up to 120 people over 14 years. Ottawa is investing $750,000 to help Saint John's Ocean Steel retool after losing US business.
Prince Edward Island
Ottawa is providing $50 million to Charlottetown's Natural Products Canada, backing a $94.8-million project expected to add over 550 jobs and $1.8 billion to the economy. A new cold storage facility is planned for Summerside's port this fall.
Newfoundland and Labrador
Newfoundland and Labrador's craft brewers can now ship directly to customers nationwide under a new interprovincial trade deal. Exploits Valley Renewable Energy is seeking approval for a $14-billion wind-to-ammonia project using 534 turbines, needing 3,000 workers annually.
LISTEN: This week on the Atlantic Canada Business Report with Peter McCully - Canada's premiers wrapped their summer meeting in Charlottetown, meeting with Prime Minister Mark Carney on trade, energy, and Canada-US relations, while a fresh US tariff threatens New Brunswick and Nova Scotia's forest sector. All four Atlantic provinces signed a new deal allowing direct-to-consumer alcohol sales, and New Brunswick, Nova Scotia, and Prince Edward Island agreed to coordinate regional electricity planning.
Empire Company says it will stop enforcing property controls that block rival grocers near Sobeys stores, Irving Oil confirmed a fall turnaround at its Saint John refinery, and Newfoundland and Labrador posted rising retail sales alongside forecasts it could lead the country in economic growth next year.
Highlights:
Atlantic Canada
Provincial and territorial premiers wrapped their Charlottetown summer meeting, discussing trade and energy with Prime Minister Mark Carney. All four Atlantic provinces signed a new deal allowing direct-to-consumer alcohol sales, cutting internal trade barriers.
Nova Scotia
Nova Scotia Premier Tim Houston met with Ridgehaven Holdings on its proposed stadium and entertainment district outside Halifax; no funding commitment followed. Separately, BuildForce Canada forecasts non-residential construction climbing through 2030 on the strength of the Everwind Hydrogen project.
New Brunswick
A fresh US tariff order threatens New Brunswick's forest sector, with Washington planning a 50% duty on wood products including plywood and fiberboard. Premier Susan Holt noted New Brunswick was first in Canada to allow direct-to-consumer alcohol sales.
Prince Edward Island
Prince Edward Island brewers welcomed the new inter-provincial alcohol sales deal but say shipping costs and small production scale will limit real revenue gains. PEI, Nova Scotia, and New Brunswick also signed a memorandum to coordinate regional electricity planning.
June 2, 2026 - Atlantic Canada Business Report
Tuesday, June 2, 2026 • Duration 13:52
LISTEN: This week on the Atlantic Canada Business Report with Peter McCully - Atlantic Canada’s technology sector gains a new pathway into the American market. Halifax residential real estate hits an all-time high. A proposed NB Power policy change threatens to stall the province’s solar growth. Holland College receives the largest donation in its history. And North Atlantic’s wind-to-hydrogen project clears a key environmental milestone in Newfoundland and Labrador.
Digital Nova Scotia is accepting applications for the Virtual Scaleup Hub Cambridge program, connecting high-growth Atlantic technology companies with New England market development support. The 2026 New Brunswick Export Awards recognized Sparta Manufacturing and Smett Monuments for international market success. Prince Edward Island’s Carry Rural Rideshare Pilot Program launches evening transportation options in communities outside Charlottetown. In Newfoundland and Labrador, Memorial University approved a $432-million budget that includes spending reductions and voluntary retirement offers.
Highlights:
Atlantic Canada
Atlantic Canada’s technology sector has a new pathway into the American market. Digital Nova Scotia says the Virtual Scaleup Hub Cambridge program is accepting applications from high-growth Atlantic technology companies looking to expand into New England.
Nova Scotia
Halifax residential real estate hit an all-time high in April, with the average home sale price reaching just over $657,000, up 8.6 percent year over year.
New Brunswick
Residential solar installations in New Brunswick have more than quadrupled over three years, but two proposed NB Power changes including new demand charges could stall adoption and leave the province short of future energy needs.
May 26, 2025 — ATLANTIC CANADA BUSINESS REPORT
Tuesday, May 26, 2026 • Duration 13:35
LISTEN: This week on the Atlantic Canada Business Report with Peter McCully - Atlantic Canada's offshore wind sector is drawing growing international interest as supply chain planning accelerates across the region. All four Atlantic provinces recorded April inflation above the national average. A Business Development Bank survey found off-season travel intent in Atlantic Canada tracking ahead of the national pace, pointing to opportunity for regional operators looking to extend the tourism season.
In Nova Scotia, multiple companies are exploring entry into the province's retail electricity market following consecutive rate increases by Nova Scotia Power, while provincial officials also travelled to Switzerland to promote the Atlantic Hub Container Terminal expansion at the Port of Halifax. New Brunswick Power is advancing the Belledune Generating Station's conversion from coal to biomass. Prince Edward Island's archives are managing a surge in ancestry requests from Americans seeking Canadian documentation, and an independent panel in Newfoundland and Labrador has concluded a framework energy agreement with Hydro-Quebec is not in the province's best interests.
Highlights:
Atlantic Canada
Industry leaders at the Marine Renewables Spring Summit spotlighted Nova Scotia's upcoming offshore wind bidding process and efforts to position Atlantic Canada as a clean energy export hub, citing the region's wind resources and port infrastructure.
Nova Scotia
Multiple energy companies are exploring entry into Nova Scotia's retail electricity market as competition grows following consecutive rate increases by Nova Scotia Power. Provincial officials confirm strong industry appetite, though no new licences have been approved.
New Brunswick
New Brunswick Power is advancing its coal-to-biomass conversion at the Belledune Generating Station, planning to purchase approximately three hundred thousand tonnes of wood pellets from Eastern Canadian suppliers, generating new demand in the forestry sector.
May 19, 2026- Atlantic Canada Business Report
Episode 1
Tuesday, May 19, 2026 • Duration 14:44
LISTEN: This week on the Atlantic Canada Business Report with Peter McCully - the Council of Canadian Innovators says Atlantic Canada’s tech sector is globally competitive but faces real barriers at home. The Cat ferry between Yarmouth and Bar Harbor is off to a record-breaking start. New Brunswick moves to unlock its mineral resources. Prince Edward Island lands the largest aerospace investment in its history. And Fisheries and Oceans Canada expands the recreational cod fishery in Newfoundland and Labrador.
Also this week - Canadians filed for personal insolvency at the fastest pace in sixteen years, with Atlantic provinces all posting increases. Nova Scotia’s Cat ferry opens its 2026 season with a record number of advance reservations. The federal government invests more than $73 million to expand high-speed internet access across New Brunswick. And Prince Edward Island invests nearly $4 million to upgrade cooling systems in long-term care facilities.
Highlights:
Atlantic Canada
The Council of Canadian Innovators says Atlantic Canada’s tech sector is globally competitive but faces barriers at home, calling for faster government procurement, shared data standards, and better venture debt products from Canadian banks.
Nova Scotia
The Cat ferry between Yarmouth and Bar Harbor has launched its 2026 season with nearly 17,800 advance reservations - about 5,000 more than at the same point last year and a record for the service.
New Brunswick
The federal government is investing more than $73 million to connect over 27,000 homes in New Brunswick to high-speed internet, part of ongoing efforts to close the digital divide in rural and underserved communities.
Prince Edward Island
May 12, 2026- Atlantic Canada Business Report
Episode 1
Tuesday, May 12, 2026 • Duration 14:11
LISTEN: This week on the Atlantic Canada Business Report with Peter McCully - Michelin commits $300 million to its Nova Scotia operations. Atlantic Canada airports are tracking strong summer bookings. A new Fraser Institute study flags the return of a troubling demographic trend. New Brunswick adjusts its small business investment tax credit and Airbnb reports $145 million in economic impact from short-term rentals in Newfoundland and Labrador.
The federal government launches nearly $1 billion for small craft harbours, the region's oyster sector receives emergency support, Nova Scotia Community College announces job cuts, and Prince Edward Island reports encouraging early bookings for the 2026 summer season.
Highlights:
Atlantic Canada
A Fraser Institute study finds the region has returned to its pre-COVID pattern of losing younger working-age residents while gaining older ones.
Nova Scotia
Michelin has announced a $300 million investment tied to its Bridgewater operations, focused on modernization, productivity improvements, and long-term competitiveness.
New Brunswick
The New Brunswick government has introduced proposed changes to the Small Business Investor Tax Credit Program designed to channel capital more deliberately into priority sectors of the provincial economy.
Prince Edward Island
Prince Edward Island tourism operators report early booking activity is showing encouraging signs for the 2026 summer season, with reservation numbers from Atlantic Canada ahead of some 2025 levels.
May 5, 2025 — ATLANTIC CANADA BUSINESS REPORT
Tuesday, May 5, 2026 • Duration 14:00
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.
April 28, 2026 — ATLANTIC CANADA BUSINESS REPORT
Tuesday, April 28, 2026 • Duration 14:35
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.
April 21, 2026 — ATLANTIC CANADA BUSINESS REPORT
Tuesday, April 21, 2026 • Duration 14:36
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.
April 14, 2026 — ATLANTIC CANADA BUSINESS REPORT
Tuesday, April 14, 2026 • Duration 14:13
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%.
Related Shows Based on Content Similarities
Discover shows related to Atlantic Canada Business News, based on actual content similarities. Explore podcasts with similar topics, themes, and formats, backed by real data.
Newfoundland and Labrador's retail sales rose 2.8% in May while inflation hit 3.8% in June. Finance Minister Craig Pardy will pitch the province at a Toronto investor summit, as forecasts suggest it could lead all provinces in 2026 growth.
Special Thanks to Our Sponsor: ALP Limited Valuation Services https://www.businessandassetvalues.com
Subscribe to our email list: https://atlanticcanadabusiness.news
Holland College has received a $50-million donation from the Weston family - the largest in its history - to fund FutureWorks PEI, connecting students and applied research.
Newfoundland and Labrador
North Atlantic’s wind-to-hydrogen project has cleared a key environmental milestone, with phase one released from further review, advancing plans for an onshore wind farm and hydrogen plant at Come by Chance on the Avalon Peninsula.
Prince Edward Island's Public Archives received more than seventeen hundred ancestry requests in the first four months of 2026, up from five hundred and eighty-five for all of last year - as Americans seek Canadian passport and residency documentation.
Newfoundland and Labrador
An independent review panel has concluded that Newfoundland and Labrador's framework energy agreement with Hydro-Quebec, signed in December 2024, is not in the province's best interests - the province has invited Quebec back to the bargaining table.
Prince Edward Island and the federal government will jointly invest more than $110 million in MDS Coatings Technology near Summerside, supporting a $213 million expansion expected to create up to 120 aerospace jobs.
Newfoundland and Labrador
Fisheries and Oceans Canada has expanded Newfoundland and Labrador’s annual recreational cod food fishery for 2026, extending the season from Canada Day to Labour Day and eliminating the per-boat daily limit.
Airbnb says short-term rentals generated more than $145 million in economic impact in Newfoundland and Labrador in 2025, driven in part by a domestic travel boom.
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.
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.
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.
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.
