Atlantic Canada Business News

Atlantic Canada Business Report - May 12, 2026

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 CanadaA Fraser Institute study finds the region has returned to its pre-COVID pattern of losing younger working-age residents while gaining older ones.Nova ScotiaMichelin has announced a $300 million investment tied to its Bridgewater operations, focused on modernization, productivity improvements, and long-term competitiveness.New BrunswickThe 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 IslandPrince 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 LabradorAirbnb 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.Special Thanks to Our Sponsor: ALP Limited Valuation Services https://www.businessandassetvalues.comSubscribe to our email list: https://atlanticcanadabusiness.newsVisit our website: https://atlanticcanadabusiness.newsConnect on LinkedIn: https://www.linkedin.com/company/atlantic-canada-business-report#AtlanticCanada #BusinessNews #NovaScotiaBusiness #NewBrunswickBusiness #PEIBusiness #NewfoundlandBusiness #CanadianBusiness #RegionalEconomy #AtlanticBusinessNewsPodcast

May 5, 2025 — ATLANTIC CANADA BUSINESS REPORT

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 CanadaNova 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 ScotiaNova 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 BrunswickNew 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 IslandThe 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 LabradorNewfoundland and Labrador’s Progressive Conservative government has tabled its first full budget, projecting a deficit of 688 million dollars with no new taxes or fee increases, a small business tax cut, and 5.4 billion dollars allocated to healthcare.Special Thanks to Our Sponsor: ALP Limited Valuation Services https://www.businessandassetvalues.comJoin our email list to never miss an episode: https://mailchi.mp/be8ab77675b4/atlantic-canada-business-newsYou can subscribe to our audio feeds by visiting our website: https://www.atlanticcanadabusiness.newsSend your press releases and business news tips to: news@AtlanticCanadaBusiness.newsAdvertising enquiries can be made via email to: Ads@AtlanticCanadaBusiness.NewsVisit us on LinkedIn: https://www.linkedin.com/company/atlanticcanadabusiness-news#AtlanticCanada #BusinessNews #NovaScotiaBusiness #NewBrunswickBusiness #PEIBusiness #NewfoundlandBusiness #CanadianBusiness #RegionalEconomy#AtlanticBusinessNewsPodcast

April 28, 2026 — ATLANTIC CANADA BUSINESS REPORT

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 CanadaThe 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 ScotiaThe 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 BrunswickNew 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 IslandPrince Edward Island’s Auditor General has issued a stark warning following the province’s record $410 million deficit budget.Newfoundland and LabradorThe Newfoundland and Labrador government has introduced legislation to restructure the province’s Future Fund, which holds more than $500 million. Special Thanks to Our Sponsor: ALP Limited Valuation Services https://www.businessandassetvalues.comJoin our email list to never miss an episode: https://mailchi.mp/be8ab77675b4/atlantic-canada-business-newsYou can subscribe to our audio feeds by visiting our website: https://www.atlanticcanadabusiness.newsSend your press releases and business news tips to: news@AtlanticCanadaBusiness.newsAdvertising enquiries can be made via email to: Ads@AtlanticCanadaBusiness.NewsVisit us on LinkedIn: https://www.linkedin.com/company/atlanticcanadabusiness-news#AtlanticCanada #BusinessNews #NovaScotiaBusiness #NewBrunswickBusiness #PEIBusiness #NewfoundlandBusiness #CanadianBusiness #RegionalEconomy#AtlanticBusinessNewsPodcast

April 21, 2026 — ATLANTIC CANADA BUSINESS REPORT

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

April 14, 2026 — ATLANTIC CANADA BUSINESS REPORT

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

April 7, 2026 — ATLANTIC CANADA BUSINESS REPORT

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

March 31, 2026 — ATLANTIC CANADA BUSINESS REPORT

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

March 24, 2026 — ATLANTIC CANADA BUSINESS REPORT

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

March 17, 2026 — ATLANTIC CANADA BUSINESS NEWS REPORT

LISTEN: Kraken Robotics announces a $615 million acquisition, PEI sets new tourism record, and NB Power customers face a decade of rising electricity ratesThis week on the Atlantic Canada Business Report, host Peter McCully covers a wide range of economic, regulatory, and business developments across the region's four provinces. The Atlantic Chamber of Commerce is urging premiers to eliminate barriers to worker mobility, arguing that duplicated training requirements and inconsistent credential recognition are hampering productivity and slowing major projects. A Halifax startup is celebrating an international product launch after a viral Dragon's Den moment helped secure equity financing and open markets in three countries. New Brunswick electricity customers are bracing for rate hikes that could total roughly 50% since 2023. Prince Edward Island is celebrating a new tourism record. And out of St. John's, Kraken Robotics is making global headlines with a $615 million acquisition of a British underwater technology company.Highlights:Atlantic Canada — The Atlantic Chamber of Commerce is calling on premiers to eliminate duplicated safety training requirements and inconsistent credential recognition slowing hiring and raising costs across the region.Nova Scotia — Liberal MLA Ian Rankin has tabled legislation to create a construction mitigation fund for businesses disrupted by nearby infrastructure work and an independent Small Business Commissioner to resolve disputes with landlords, corporations, and government bodies.New Brunswick — A Moncton beauty brand with nearly 400,000 social media followers is turning trade tensions into a sales opportunity, seeing a surge in purchases on both sides of the Canada-U.S. border as tariff concerns draw attention to Canadian-made products.Prince Edward Island — The province welcomed 1.87 million visitors in 2025, a 10% increase and a new provincial record, with visitor spending climbing 12.4% year over year.Newfoundland and Labrador — The NL Liquor Corporation's manufacturing division saw production of ready-to-drink beverages, wine, and beer rise roughly 67% year over year, with locally produced products now exported to more than 30 countries."This report is based on publicly available reporting from regional, national, and industry news sources."Special Thanks to Our Sponsor: ALP Limited Valuation Services (https://www.businessandassetvalues.com)Join our email list to never miss an episode: https://mailchi.mp/be8ab77675b4/atlantic-canada-business-newsYou can subscribe to our audio feeds by visiting our website: https://www.atlanticcanadabusiness.newsSend your press releases and business news tips to: news@AtlanticCanadaBusiness.newsAdvertising enquiries can be made via email to: Ads@AtlanticCanadaBusiness.NewsVisit us on LinkedIn: https://www.linkedin.com/company/atlanticcanadabusiness-news#AtlanticCanada #BusinessNews #NovaScotiaBusiness #newbrunswickbusiness #PEIBusiness #NewfoundlandBusiness #CanadianBusiness #RegionalEconomy #atlanticbusinessnewspodcast

March 10, 2026 — ATLANTIC CANADA BUSINESS NEWS REPORT

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