Explore every episode of the podcast Atlantic Canada Business News
| Title | Pub. Date | Duration | |
|---|---|---|---|
| August 3, 2026 - Atlantic Canada Business Report | 02 Aug 2026 | 00:13:09 | |
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.
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| July 27, 2026 - Atlantic Canada Business Report | 26 Jul 2026 | 00:12:34 | |
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. Newfoundland and Labrador 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 Visit our website: https://atlanticcanadabusiness.news Connect on LinkedIn: https://www.linkedin.com/company/atlantic-canada-business-report Visit us on YouTube: https://www.youtube.com/@AtlanticCanBiz #AtlanticCanada #BusinessNews #NovaScotiaBusiness #NewBrunswickBusiness #PEIBusiness #NewfoundlandBusiness #CanadianBusiness #RegionalEconomy #AtlanticBusinessNewsPodcast | |||
| June 2, 2026 - Atlantic Canada Business Report | 02 Jun 2026 | 00:13:52 | |
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.
Prince Edward Island 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.
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| May 26, 2025 — ATLANTIC CANADA BUSINESS REPORT | 26 May 2026 | 00:13:35 | |
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.
Prince Edward Island 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.
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| May 19, 2026- Atlantic Canada Business Report | 19 May 2026 | 00:14:44 | |
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 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.
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| May 12, 2026- Atlantic Canada Business Report | 12 May 2026 | 00:14:11 | |
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.
Newfoundland and Labrador 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.
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| May 5, 2025 — ATLANTIC CANADA BUSINESS REPORT | 05 May 2026 | 00:14:00 | |
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.
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.
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| April 28, 2026 — ATLANTIC CANADA BUSINESS REPORT | 28 Apr 2026 | 00:14:35 | |
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.
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.
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| April 21, 2026 — ATLANTIC CANADA BUSINESS REPORT | 21 Apr 2026 | 00:14:36 | |
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.
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.
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| April 14, 2026 — ATLANTIC CANADA BUSINESS REPORT | 14 Apr 2026 | 00:14:13 | |
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%.
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.
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| April 7, 2026 — ATLANTIC CANADA BUSINESS REPORT | 07 Apr 2026 | 00:12:48 | |
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.
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| March 31, 2026 — ATLANTIC CANADA BUSINESS REPORT | 31 Mar 2026 | 00:14:33 | |
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.”
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| July 20, 2026 - Atlantic Canada Business Report | 19 Jul 2026 | 00:14:35 | |
LISTEN: This week on the Atlantic Canada Business Report with Peter McCully - a new Fraser Institute study found Canadian business investment per worker has fallen to 54 percent of the US level, as federal and provincial finance ministers met in Charlottetown for pre-budget talks. New Brunswick improved its interprovincial trade grade even as skilled tradespeople stayed on strike in Moncton, while Prince Edward Island earned an A on the same report card. Nova Scotia relaxed rules for local alcohol producers, funded new seafood ventures in Digby County, and cleared the way for a zinc mine restart near Halifax. And in Newfoundland and Labrador, the offshore oil and gas sector posted its strongest growth in years, with OilCo drawing 19 proposals for a new floating dry dock at Bull Arm. Highlights: Atlantic Canada Business investment per worker in Canada has fallen to 54 percent of the US level from 87.3 percent in 2014, a Fraser Institute study found. Ottawa's finance minister held pre-budget consultations in Charlottetown with provincial counterparts. Nova Scotia Nova Scotia awarded funding from its $4.7-million Seafood and Agriculture Strategic Investment Fund, backing new lobster byproduct and oyster hatchery ventures in Digby County. The province also cleared the way for Scotia Mining's zinc mine to restart operations in 2027. New Brunswick New Brunswick earned an improved grade on the CFIB's 2026 State of Internal Trade Report Card, credited for embracing mutual recognition of standards. Electricians and carpenters remain on strike, delaying hospital construction projects in Moncton. Prince Edward Island Prince Edward Island earned a grade A on the CFIB's 2026 State of Internal Trade Report Card for easing cross-border business activity. A Fraser Institute analysis argues the province should not renew its rent cap in 2027. Newfoundland and Labrador Newfoundland and Labrador's offshore oil and gas sector posted a 26 percent year-over-year rise in production volumes, with Hibernia's strongest monthly output since 2021. OilCo received 19 proposals for a floating dry dock planned for Bull Arm. Special Thanks to Our Sponsor: ALP Limited Valuation Services https://www.businessandassetvalues.com Subscribe to our email list: https://atlanticcanadabusiness.news Visit our website: https://atlanticcanadabusiness.news Connect on LinkedIn: https://www.linkedin.com/company/atlantic-canada-business-report Visit us on YouTube: https://www.youtube.com/@AtlanticCanBiz #AtlanticCanada #BusinessNews #NovaScotiaBusiness #NewBrunswickBusiness #PEIBusiness #NewfoundlandBusiness #CanadianBusiness #RegionalEconomy#AtlanticBusinessNewsPodcast | |||
| March 24, 2026 — ATLANTIC CANADA BUSINESS REPORT | 24 Mar 2026 | 00:14:43 | |
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."
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| March 17, 2026 — ATLANTIC CANADA BUSINESS NEWS REPORT | 17 Mar 2026 | 00:14:53 | |
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."
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| March 10, 2026 — ATLANTIC CANADA BUSINESS NEWS REPORT | 10 Mar 2026 | 00:14:48 | |
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."
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| Welcome to Atlantic Canada Business dot News | 09 Mar 2026 | 00:00:35 | |
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| March 3, 2026 — ATLANTIC CANADA BUSINESS NEWS REPORT | 03 Mar 2026 | 00:14:17 | |
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."
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| February 24, 2026 — ATLANTIC CANADA BUSINESS NEWS REPORT | 24 Feb 2026 | 00:14:13 | |
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."
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| February 17, 2026 - ATLANTIC CANADA BUSINESS NEWS REPORT | 17 Feb 2026 | 00:13:33 | |
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."
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| February 10, 2026 - ATLANTIC CANADA BUSINESS NEWS REPORT | 10 Feb 2026 | 00:14:05 | |
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."
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| February 3, 2026 - ATLANTIC CANADA BUSINESS NEWS REPORT | 03 Feb 2026 | 00:14:35 | |
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.”
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| January 27, 2026 - ATLANTIC CANADA BUSINESS NEWS REPORT | 27 Jan 2026 | 00:14:08 | |
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.
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| July 13, 2026 - Atlantic Canada Business Report | 12 Jul 2026 | 00:12:29 | |
LISTEN: This week on the Atlantic Canada Business Report with Peter McCully - Statistics Canada’s June jobs data revealed an uneven recovery, with Nova Scotia leading the region while New Brunswick and Prince Edward Island lost ground. Ottawa awarded Germany’s ThyssenKrupp Marine Systems the $22-billion submarine program, with six vessels to be serviced in Halifax, while ISAR Aerospace committed $112.5 million to build a launch complex at Spaceport Nova Scotia. New Brunswick is investing up to $54.3 million to help major employers like Irving Paper modernize, and Moncton joined Ottawa’s housing design catalog. Prince Edward Island posted its strongest housing starts since 1973 even as resale sales slipped. And in Newfoundland and Labrador, Premier Tony Wakeham courted Alberta investors while Ottawa committed $10.6 million to help workers and businesses hit by U.S. tariffs. Highlights: Atlantic Canada Statistics Canada’s June Labour Force Survey showed an uneven regional recovery - Nova Scotia added 4,800 jobs and its unemployment rate fell to 6.5%, while New Brunswick lost ground and Prince Edward Island’s rate climbed to 7.6%. Nova Scotia Ottawa awarded Germany’s ThyssenKrupp the $22-billion submarine program, with six of twelve vessels serviced in Halifax. ISAR Aerospace signed a $112.5-million deal with Maritime Launch Services to build a launch complex at Spaceport Nova Scotia. New Brunswick New Brunswick is providing up to $54.3 million over three years to help major employers modernize, with Irving Paper eligible for up to $15 million annually, protecting more than 183 jobs. Moncton joined Ottawa’s housing design catalog. Prince Edward Island Prince Edward Island recorded 1,769 housing starts in 2025, up 4.4% and the strongest annual total since 1973, as population reached 182,657. Resale sales dropped 9% even as the benchmark price edged up to $383,000. Newfoundland and Labrador Premier Tony Wakeham courted Alberta investors in Calgary to promote the province’s energy and critical minerals sector. Ottawa is providing $10.6 million to help roughly 1,200 Newfoundland and Labrador workers and businesses affected by U.S. tariffs. Special Thanks to Our Sponsor: ALP Limited Valuation Services https://www.businessandassetvalues.com Subscribe to our email list: https://atlanticcanadabusiness.news Visit our website: https://atlanticcanadabusiness.news Connect on LinkedIn: https://www.linkedin.com/company/atlantic-canada-business-report Visit us on YouTube: https://www.youtube.com/@AtlanticCanBiz #AtlanticCanada #BusinessNews #NovaScotiaBusiness #NewBrunswickBusiness #PEIBusiness #NewfoundlandBusiness #CanadianBusiness #RegionalEconomy #AtlanticBusinessNewsPodcast | |||
| January 20th, 2026 - ATLANTIC CANADA BUSINESS NEWS REPORT | 20 Jan 2026 | 00:14:23 | |
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.
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| January 13th, 2025 - ATLANTIC CANADA BUSINESS NEWS REPORT | 13 Jan 2026 | 00:14:38 | |
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.
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This report is based on publicly available reporting from regional, national, and industry news sources.
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| January 6th, 2025 -ATLANTIC CANADA BUSINESS NEWS REPORT - | 05 Jan 2026 | 00:11:25 | |
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.
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| July 6, 2026 - Atlantic Canada Business Report | 05 Jul 2026 | 00:12:33 | |
LISTEN: This week on the Atlantic Canada Business Report with Peter McCully - Saint John-based Cooke Incorporated is acquiring Mowi Canada East’s Atlantic salmon farming assets for $225 million, a deal spanning New Brunswick, Prince Edward Island, and Newfoundland and Labrador. Atlantic Canadian universities are racing to expand artificial intelligence programming, with new degrees and certificates launching at UNB Saint John, Dalhousie, and Holland College. In Nova Scotia, five companies and two consortiums were cleared to bid on the province’s first offshore wind seabed licenses, while a new beef processing facility opened on Cape Breton Island. New Brunswick is investing in Saint John ahead of the 2029 Canada Summer Games and rolling out worker training amid ongoing US tariffs. Prince Edward Island and Ottawa are funding free home insulation for low- to medium-income households. And in Newfoundland and Labrador, Marine Atlantic and Unifor have resolved their bargaining impasse, ruling out a summer ferry disruption, as electricity rates rose 2.25 percent under the Muskrat Falls mitigation plan. Highlights: Atlantic Canada Atlantic universities are expanding AI programming, with UNB, Dalhousie, and Holland College adding new degrees. Nova Scotia Nova Scotia cleared five companies and two consortiums to bid on the province’s first offshore wind seabed licenses under the Wind West Plan. A new beef processing facility opened on Cape Breton Island, ending the need to ship cattle off-island. New Brunswick ACOA is investing more than $3 million in Saint John organizations ahead of the 2029 Canada Summer Games, including museum planning and aquatic centre upgrades. New Brunswick is also funding training for workers affected by ongoing US tariffs. Prince Edward Island Prince Edward Island and Ottawa are funding free home insulation for low- to medium-income households over five years, aiming to lower energy bills and support the province’s retrofit economy of contractors and assessors. Newfoundland and Labrador Marine Atlantic and Unifor resolved their bargaining impasse, ruling out a summer ferry disruption on the North Sydney to Port aux Basques route. Provincial electricity rates rose 2.25 percent under the Muskrat Falls mitigation plan, the fourth straight July increase. 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: news@AtlanticCanadaBusiness.news Advertising enquiries can be made via email to: Ads@AtlanticCanadaBusiness.News Visit us on LinkedIn: https://www.linkedin.com/company/atlanticcanadabusiness-news Visit us on YouTube: https://www.youtube.com/@AtlanticCanBiz #AtlanticCanada #BusinessNews #NovaScotiaBusiness #NewBrunswickBusiness #PEIBusiness #NewfoundlandBusiness #CanadianBusiness #RegionalEconomy #AtlanticBusinessNewsPodcast | |||
| June 30, 2026 - Atlantic Canada Business Report | 28 Jun 2026 | 00:12:24 | |
LISTEN: This week on the Atlantic Canada Business Report with Peter McCully - Atlantic Social Services ministers meet in Charlottetown on affordability and labour shortages, Statistics Canada reports inflation running well above the national rate across all four provinces. Marine Atlantic’s essential-service dispute escalates after Unifor sought a board review, while Ottawa commits $270 million to ferry terminal upgrades in North Sydney and Newfoundland. Nova Scotia tightens cannabis enforcement and launches a three-year seafood sector strategy. New Brunswick positions itself as a nuclear energy hub and sees its Pay Transparency Act receive royal assent. Prince Edward Island’s Island Essentials Benefit payments begin in July, and an Auditor General report flags capital spending overruns. In Newfoundland, residents reject a wind-hydrogen project and Equinor’s Bay du Nord enters public review. Highlights: Atlantic Canada Atlantic Social Services ministers met in Charlottetown on affordability and labour shortages. Inflation hit 3.2% nationally in May, with all four Atlantic provinces posting higher rates. ACOA is funding a 16-member bioscience delegation to BIO 2026 in San Diego. Nova Scotia Nova Scotia increased cannabis enforcement fines to as much as $50,000 for businesses and launched a three-year, $1.5-million seafood sector strategy. Cape Breton owners are also lobbying to restore dormant freight rail service to the island. New Brunswick New Brunswick is positioning itself as a leader in nuclear energy development, building on the 660-megawatt Point Lepreau station. The province’s Pay Transparency Act received royal assent, requiring employers to post salary ranges on job listings. Prince Edward Island Prince Edward Island’s Island Essentials Benefit payments begin in July for eligible residents earning up to $126,000. A new Auditor General report finds capital project spending has significantly exceeded budget estimates. Newfoundland and Labrador Point Leamington residents voted more than 90% against a proposed wind-hydrogen project. Equinor’s Bay du Nord offshore development entered its 60-day public review, while Ottawa announced $270 million for Marine Atlantic terminal upgrades. 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: news@AtlanticCanadaBusiness.news Advertising enquiries can be made via email to: Ads@AtlanticCanadaBusiness.News Visit us on LinkedIn: https://www.linkedin.com/company/atlanticcanadabusiness-news Visit us on YouTube: https://www.youtube.com/@AtlanticCanBiz #AtlanticCanada #BusinessNews #NovaScotiaBusiness #NewBrunswickBusiness #PEIBusiness #NewfoundlandBusiness #CanadianBusiness #RegionalEconomy #AtlanticBusinessNewsPodcast | |||
| June 23, 2026- Atlantic Canada Business Report | 23 Jun 2026 | 00:13:13 | |
LISTEN: "This week on the Atlantic Canada Business Report with Peter McCully - the federal government backs an Atlantic ocean technology trade mission to Scotland, SOFIAC partners with Atlantic Baptist Housing on a major energy retrofit across three provinces, and a new Leger survey shows Atlantic Canadians lag the national average on AI-assisted shopping. Halifax Stanfield is on pace for a record year with transatlantic capacity up 40%, Americold opens a new cold storage hub at Port Saint John, and New Brunswick launches an AI adoption pilot for small businesses. Prince Edward Island updates its charitable lotteries rules and names a defense strategy panel, while the Federal Court of Appeal clears a legal hurdle for the Bay du Nord offshore oil project and Newfoundland and Labrador's finance minister sounds an optimistic note for investors." Highlights: Atlantic Canada The federal government is providing more than $140,000 to Oceans Advance Incorporated to lead a trade mission of Atlantic Canadian ocean technology companies to Aquaculture UK in Glasgow, Scotland, connecting firms with international buyers exploring the European aquaculture market. Nova Scotia Nova Scotia's Crown liquor and cannabis retailer released its 2025-26 year-end financials, showing higher demand for cannabis even as overall revenues declined, reflecting a broader shift in consumer spending across its product lines. New Brunswick Americold Realty Trust has opened a cold storage import/export hub at Port Saint John - billed as the first facility worldwide to combine cold chain storage, maritime logistics, and rail access, supporting 22,000 pallet positions and up to 100 jobs. Prince Edward Island PEI's new Charitable Lotteries Act comes into force June 30, updating fundraising lottery rules across the province, modernizing regulations, and creating a path for electronic raffles and inter-provincial charitable lotteries. Newfoundland and Labrador The Federal Court of Appeal has dismissed a challenge to the 2022 approval of the Bay du Nord offshore oil project, clearing a legal hurdle for the development located roughly 500 km east of St. John's.
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| June 16, 2026 - Atlantic Canada Business Report | 16 Jun 2026 | 00:14:19 | |
LISTEN: This week on the Atlantic Canada Business Report with Peter McCully - business loan delinquencies are climbing sharply across Atlantic Canada with Prince Edward Island and Nova Scotia among the hardest hit; Irving Shipbuilding lays the keel for Canada’s first River-class destroyer in Halifax; the northern cod quota jumps 55%; a new federal fund opens for communities and Indigenous organizations; and the Atlantic Immigration Program cuts wait times by a full year. Also: a second rocket launch from Spaceport Nova Scotia, a new entrepreneur loan program, long-term care workers reach a deal in Nova Scotia, and Marine Atlantic faces a potential labour disruption.
Highlights:
Atlantic Canada Business loan delinquencies are rising sharply across Atlantic Canada, with Prince Edward Island up 21.6% year-over-year and Nova Scotia up 19.26%, as the volume of young businesses falls nearly 39% nationally.
Nova Scotia Irving Shipbuilding has laid the keel for Canada’s first River-class destroyer at Halifax Shipyard, while a second commercial rocket launch from Spaceport Nova Scotia near Canso advances the province’s orbital launch ambitions.
New Brunswick Agropur is investing $20 million to expand its Miramichi plant into the Maritimes’ primary liquid milk hub, while a new pay-what-you-can school lunch program launches this September.
Prince Edward Island Federal funding of up to $6 million will support a licence buyback for wild oyster harvesters hit by disease outbreaks, and an updated Employment Standards Act comes into force June thirtieth.
Newfoundland and Labrador The northern cod total allowable catch has been raised 55% to 59,000 tonnes for 2026, while Marine Atlantic faces a potential labour disruption as a cooling-off period ticks down.
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| June 9, 2026 - Atlantic Canada Business Report | 09 Jun 2026 | 00:14:02 | |
LISTEN: This week on the Atlantic Canada Business Report with Peter McCully - Canada’s economy adds eighty-eight thousand jobs in May. A new joint venture reshapes egg grading across Atlantic Canada. Nova Scotia records its strongest physician recruitment gain in years. Prince Edward Island’s oyster industry faces a disease crisis. And Newfoundland and Labrador launches a major new offshore exploration fund.
Canada added eighty-eight thousand jobs in May with the national unemployment rate falling to six point six per cent, though results across Atlantic Canada were uneven by province. Parrish and Heimbecker subsidiary P&H Foods has formed a joint venture with Atlantic Poultry creating P&H Foods Atlantic. Spaceport Nova Scotia is preparing for two suborbital hypersonic rocket launches by Dutch aerospace company T-Minus Engineering. New Brunswick is investing one point five million dollars in arts and culture. And Newfoundland and Labrador is offering up to thirty million dollars annually to offset offshore drilling costs for exploration companies.
Highlights:
Atlantic Canada Parrish and Heimbecker subsidiary P&H Foods has entered a joint venture with Atlantic Poultry to form P&H Foods Atlantic, combining management expertise with egg grading assets and regional market knowledge.
Nova Scotia Nova Scotia recorded a net gain of one hundred and ninety-nine new physicians in the last fiscal year, reflecting a sustained recruitment push to address the longstanding shortage of family doctors and specialists across the province.
New Brunswick New Brunswick is investing one point five million dollars in the arts and culture sector to provide greater financial stability for organizations dealing with rising operating costs and post-pandemic recovery pressures.
Prince Edward Island Prince Edward Island’s twenty-seven-million-dollar oyster industry is under severe threat from two diseases - MSX and Dermo - with some farmers reporting total mortality in their cages and considering exiting the industry entirely.
Newfoundland and Labrador Newfoundland and Labrador is offering up to thirty million dollars annually over three years to offset drilling costs for companies pursuing new offshore exploration wells, alongside a new call for bids on sixteen offshore parcels.
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| June 2, 2026- Atlantic Canada Business Report | 02 Jun 2026 | 00:13:52 | |
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. Prince Edward Island 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. Special Thanks to Our Sponsor: ALP Limited Valuation Services https://www.businessandassetvalues.com Subscribe to our email list: https://atlanticcanadabusiness.news Visit our website: https://atlanticcanadabusiness.news Connect on LinkedIn: / atlantic-canada-business-report #AtlanticCanada #BusinessNews #NovaScotiaBusiness #NewBrunswickBusiness #PEIBusiness #NewfoundlandBusiness #CanadianBusiness #RegionalEconomy #AtlanticBusinessNewsPodcast | |||
| October 22- Moncton NB- OMISTA Credit Union SmallBizRIOT | 13 Aug 2026 | 00:01:01 | |
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| August 10, 2026 - Atlantic Canada Business Report | 09 Aug 2026 | 00:12:36 | |
LISTEN: This week on the Atlantic Canada Business Report with Peter McCully - Statistics Canada's July Labour Force Survey showed mixed results across Atlantic Canada, with Nova Scotia and New Brunswick holding steady while Prince Edward Island and Newfoundland and Labrador slipped, as national unemployment fell to a two-year low. In Nova Scotia, the federal government is putting more than $1.2 million into two Dartmouth manufacturers expected to create 50 to 60 skilled jobs. New Brunswick's Breathe Biomedical is testing a breath-based screening technology that could one day supplement mammography for breast cancer detection. Prince Edward Island has partnered with a private clinic to cut MRI wait times for islanders, and in Newfoundland and Labrador, Conservative leader Pierre Poilievre pressed Ottawa to include the province in its national shipbuilding strategy. Highlights: Atlantic Canada Statistics Canada's July Labour Force Survey showed mixed results across Atlantic Canada. Nova Scotia and New Brunswick held steady, while Prince Edward Island and Newfoundland and Labrador saw declines. National unemployment fell to a two-year low of 6.4 per cent. Nova Scotia The federal government is investing more than $1.2 million in two Dartmouth manufacturers through ACOA's innovation program. Site 2020 and Atlantica Mechanical Contractors will expand production and modernize facilities, creating an estimated 50 to 60 skilled jobs. New Brunswick Moncton-based Breathe Biomedical is testing a non-invasive breath analysis that could eventually supplement mammography in breast cancer screening. The system detects cancer-linked compounds at 88 per cent accuracy, with a study site now open at Horizon Health Network. Prince Edward Island Prince Edward Island has partnered with Building for Vision Limited to reduce MRI wait times. The province will cover scan costs for islanders referred to the Summerside Diagnostic Imaging Centre, the island's first private MRI facility. Newfoundland and Labrador Conservative leader Pierre Poilievre visited St. John's, calling for Newfoundland and Labrador's inclusion in Ottawa's national shipbuilding strategy. He pointed to Bull Arm, Cow Head, and Argentia as potential sites for future work. Special Thanks to Our Sponsor: ALP Limited Valuation Services https://www.businessandassetvalues.com Subscribe to our email list: https://atlanticcanadabusiness.news Visit our website: https://atlanticcanadabusiness.news Connect on LinkedIn: https://www.linkedin.com/company/atlantic-canada-business-report Visit us on YouTube: https://www.youtube.com/@AtlanticCanBiz #AtlanticCanada #BusinessNews #NovaScotiaBusiness #NewBrunswickBusiness #PEIBusiness #NewfoundlandBusiness #CanadianBusiness #RegionalEconomy #AtlanticBusinessNewsPodcast | |||
| August 17, 2026 - Atlantic Canada Business Report | 16 Aug 2026 | 00:14:42 | |
LISTEN: This week on the Atlantic Canada Business Report with Peter McCully - a new Oxford Economics report warns Canada could lose more than 100,000 jobs if CUSMA breaks down, as 50% US tariffs on Canadian goods take effect August 19th, while small business confidence falls nationally for a third straight year. Ottawa's new $40,000 Oyster Licence Retirement Grant Program targets wild oyster harvesters in PEI, Nova Scotia, and New Brunswick. In Nova Scotia, Amazon is building a $200-million distribution centre in Dartmouth, and the province is opening the Bay of Fundy to small-scale tidal power projects. New Brunswick lands $9.9 million to fast-track internationally trained professionals into the workforce. Prince Edward Island's AKA Energy Systems stays in the running on Canada's submarine program, and Newfoundland and Labrador, Quebec, and Ottawa prepare a new Churchill Falls agreement expected to revive the Atlantic Loop Project. Highlights: Atlantic Canada Ottawa's new Oyster Licence Retirement Grant Program offers eligible wild oyster harvesters in Prince Edward Island, Nova Scotia, and New Brunswick $40,000 each to permanently retire their licences. Applications open in September. Nova Scotia Amazon is building a $200-million, 1.2-million-square-foot distribution centre in Dartmouth's Burnside Industrial Park, its second Nova Scotia facility. The two-storey building sits on 82 acres and could shorten delivery times. New Brunswick New Brunswick received just over $9.9 million in federal funding through the Foreign Credential Recognition Program to help internationally trained professionals enter the workforce faster, including wage subsidies for 100 nurses and new teacher bridging programs. Prince Edward Island Montague, PEI propulsion manufacturer AKA Energy Systems remains in talks over Canada's submarine procurement program after German firm thyssenkrupp Marine Systems was named preferred bidder, while keeping its Hanwha Ocean partnership. Newfoundland and Labrador Newfoundland and Labrador, Quebec, and Ottawa are preparing a new Churchill Falls agreement, expected to boost Labrador hydroelectric capacity and help revive the Atlantic Loop Project connecting Atlantic provinces to Quebec's grid, aided by federal financial incentives. Special Thanks to Our Sponsor: ALP Limited Valuation Services https://www.businessandassetvalues.com Subscribe to our email list: https://atlanticcanadabusiness.news Visit our website: https://atlanticcanadabusiness.news Connect on LinkedIn: https://www.linkedin.com/company/atlantic-canada-business-report Visit us on YouTube: https://www.youtube.com/@AtlanticCanBiz #AtlanticCanada #BusinessNews #NovaScotiaBusiness #NewBrunswickBusiness #PEIBusiness #NewfoundlandBusiness #CanadianBusiness #RegionalEconomy #AtlanticBusinessNewsPodcast | |||