Atlantic Canada Business News

July 6, 2026 - Atlantic Canada Business Report

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.
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June 30, 2026 - Atlantic Canada Business Report

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.
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June 23, 2026- Atlantic Canada Business Report

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

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 CanadaBusiness 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 ScotiaIrving 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 BrunswickAgropur 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 IslandFederal 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 LabradorThe 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.Special Thanks to Our Sponsor: ALP Limited Valuation Services - businessandassetvalues.comSubscribe to our email list: mailchi.mp/atlanticcanadabusiness/email-listWebsite: atlanticcanadabusiness.newsSubmit a press release: acbreport@gmail.comAdvertising inquiries: acbradvertising@gmail.comLinkedIn: linkedin.com/company/atlantic-canada-business-report#AtlanticCanada #BusinessNews #NovaScotiaBusiness #NewBrunswickBusiness #PEIBusiness #NewfoundlandBusiness #CanadianBusiness #RegionalEconomy #AtlanticBusinessNewsPodcast

June 9, 2026 - Atlantic Canada Business Report

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 CanadaParrish 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 ScotiaNova 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 BrunswickNew 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 IslandPrince 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 LabradorNewfoundland 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.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

June 2, 2026- Atlantic Canada Business Report

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
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June 2, 2026 - Atlantic Canada Business Report

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 CanadaAtlantic 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 ScotiaHalifax 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 BrunswickResidential 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 IslandHolland 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 LabradorNorth 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.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 26, 2025 — ATLANTIC CANADA BUSINESS REPORT

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 CanadaIndustry 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 BrunswickNew 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 IslandPrince 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 LabradorAn 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.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 #OffshoreWind #Inflation #Tourism #EnergyPolicy #RegionalEconomy

May 19, 2026- Atlantic Canada Business Report

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 CanadaThe 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 ScotiaThe 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 BrunswickThe 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 IslandPrince 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 LabradorFisheries 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.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 12, 2026- Atlantic Canada Business Report

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