Atlantic Canada Business News

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Regular updates on business news and events in Atlantic Canada.

  1. 4d ago

    August 31, 2026 - Atlantic Canada Business Report

    LISTEN: This week on the Atlantic Canada Business Report with Peter McCully - Ottawa unveils a $7.5-billion tariff response package as premiers renew calls to buy local, Nova Scotia orders demolition of the former Northern Pulp mill site, and New Brunswick lands a two-billion-dollar NATO explosives plant near Belledune plus a new Tantramar gas plant. Plus, the U.S. tightens potato import rules for P.E.I., Newfoundland and Labrador forms Team Labrador to secure benefits from the Churchill River energy deal, and the province lands a $4-million spaceport investment in St. Lawrence. Marine Atlantic takes delivery of its newest ferry, and New Brunswick’s deficit grows to $1.66 billion. Highlights: Atlantic Canada Ottawa unveiled a $7.5-billion package of tariff countermeasures and business supports, including $1.5 billion for small and medium-sized businesses, after trade talks with the United States broke down and premiers renewed calls for residents to buy Canadian-made goods. Nova Scotia Nova Scotia’s Environment Minister has authorized demolition of the former Northern Pulp mill site in Pictou County, backed by $15 million from the sale of its former timberlands. The mill has sat idle since 2020. New Brunswick A New Brunswick company has selected a Belledune site for a new explosives plant that could double NATO’s output, with a total value reaching two billion dollars. Phase one construction targets late 2027, employing about 250 workers. Prince Edward Island The U.S. has tightened import rules for P.E.I. potatoes effective October 5, requiring enhanced labelling and waste-management conditions for bulk shipments. Island cull potatoes are now barred entirely from use as animal feed, following an April potato wart detection. Newfoundland and Labrador Newfoundland and Labrador's aquaculture sector generated $453 million in farmgate value in 2025, according to new government statistics released by the Newfoundland and Labrador Aquaculture Industry Association. 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 #AtlanticBusinessNewsPodcast

  2. Aug 23

    August 24, 2026 - Atlantic Canada Business Report

    LISTEN: This week on the Atlantic Canada Business Report with Peter McCully - Canada-U.S. trade talks collapsed, triggering a 50 per cent tariff on roughly $28 billion in Canadian goods and leaving New Brunswick's forestry sector exposed to steep softwood lumber duties; national business and labour groups offered sharply different reactions. The federal Atlantic Economic Panel is preparing its September report, as new Statistics Canada data show Nova Scotia and New Brunswick posting some of the country's steepest July inflation increases. Halifax held onto second place among North America's emerging tech talent markets, Glooscap First Nation opened a new retail market in Lockhartville, and Cape Breton council voted to restart Sydport development talks. New Brunswick rolled out fresh environmental trust fund grants, P.E.I. introduced new temporary foreign worker rules, and Newfoundland and Labrador's $49-billion Churchill River energy deal advanced with the creation of Team Labrador. Highlights: Atlantic Canada Canada-U.S. trade talks collapsed after Washington introduced new demands, triggering a 50 per cent tariff on about $28 billion in Canadian goods. New Brunswick's forestry sector remains exposed to steep softwood lumber duties, and business and labour groups reacted sharply. Nova Scotia Halifax held second place among North America's emerging tech talent markets for a second straight year, as Glooscap First Nation opened a new retail market in Lockhartville and Cape Breton council voted to restart Sydport development talks. New Brunswick New Brunswick's Environmental Trust Fund is distributing $2.2 million among 45 projects across the province's central and western regions, part of a broader $7.9-million investment supporting 173 initiatives provincewide this year. Prince Edward Island Prince Edward Island released draft rules requiring employers to register when hiring temporary foreign workers, and declined a federal offer to temporarily raise the low-wage worker cap for rural employers. Newfoundland and Labrador Newfoundland and Labrador's Churchill River energy deal, valued at $49 billion, advanced with the creation of Team Labrador, a group of legislators tasked with ensuring the region benefits as Gull Island construction moves forward. 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

  3. Aug 16

    August 17, 2026 - Atlantic Canada Business Report

    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

  4. Aug 9

    August 10, 2026 - Atlantic Canada Business Report

    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

  5. Aug 2

    August 3, 2026 - Atlantic Canada Business Report

    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.   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

  6. Jul 26

    July 27, 2026 - Atlantic Canada Business Report

    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

  7. Jul 19

    July 20, 2026 - Atlantic Canada Business Report

    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

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Regular updates on business news and events in Atlantic Canada.

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