• Atlantic Canadian businesses can now apply for nearly $40M in AI funding

  Source: Prince Edward Island - Regional News
  Date: 2026-10-14 18:00:00.0
  Tags: [Prince Edward Island, Nova Scotia, New Brunswick, Newfoundland and Labrador, National, Technology, Economy, Industry, Finance]

  The Atlantic Canada Opportunities Agency has launched a federal funding program offering nearly $40 million for small and medium-sized businesses pursuing large-scale artificial intelligence projects costing at least $1 million. The funding supports two primary tracks: adopting AI into internal business operations, such as proposal development tools utilized by Cabco Technologies, or developing new AI solutions to bring to market. Applications for the program remain open until November 20. The initiative aims to address a regional adoption gap highlighted by the Atlantic Economic Panel, which reported that approximately 15 per cent of Atlantic Canadian businesses with 10 or more employees use AI, compared to 20 per cent nationally.

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• Provinces call on Ottawa to expand mining credit

  Source: Global News Politics
  Date: 2026-10-10 12:17:12.0
  Tags: [National, British Columbia, Alberta, Saskatchewan, Manitoba, Nova Scotia, Taxation, Economy, Resources, Mining, Finance]

  Nearly half of Canada's provinces and territories—specifically Nova Scotia, Manitoba, Saskatchewan, Alberta, British Columbia, and Yukon—are urging the federal Liberal government to fulfill its 2025 election promise to expand the mineral exploration tax credit to include engineering and feasibility study costs. The Association for Mineral Exploration and the Nunavut and N.W.T. Chamber of Mines argue this measure is crucial to help junior mining companies navigate the late-stage 'valley of death' financing gap. An Ernst & Young report commissioned by the association indicates that covering feasibility and economic viability studies could generate between 14,000 and 34,000 jobs and add $5.2 billion to $12.2 billion in GDP over 10 years. While Finance Minister François-Philippe Champagne's office highlighted recent federal initiatives such as the Productivity Mega Deduction and the Critical Mineral Exploration Tax Credit, federal expenses under the Canadian exploration expenses framework still exclude economic assessments and feasibility studies.

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• Nova Scotia’s government spent a record $1.9 billion outside of the budget process

  Source: Nova Scotia - Halifax & Regional News
  Date: 2026-09-24 17:50:09.0
  Tags: [Nova Scotia, Finance, Economy, Emergency]

  The Government of Nova Scotia announced that it spent a record $1.9 billion outside of the regular budget process through additional appropriations during the 2025-26 fiscal year. Finance Minister John Lohr stated that this off-budget spending contributed to a record-high provincial deficit of $1.4 billion, driven by total spending of $19.4 billion against revenues of just under $18 billion. Specific unbudgeted expenditures cited include $40.4 million for public works projects and $13.8 million for emergency management related to the 2025 wildfire season.

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• Nova Scotia selling off remaining U.S. booze inventory, liquor profits dip

  Source: Nova Scotia - Halifax & Regional News
  Date: 2026-09-23 19:16:09.0
  Tags: [Nova Scotia, Trade, Economy, Finance]

  The Nova Scotia Liquor Corp. reported a 6.8 percent decrease in net income to $62 million for the first quarter, with total sales reaching $219.4 million between April 1 and June 28. Beverage alcohol sales declined by 1.7 percent, while cannabis sales increased by 11.2 percent. The provincial government previously directed the Nova Scotia Liquor Corp. to remove all U.S. alcohol from shelves in response to U.S. tariffs under President Donald Trump, leading to a sell-off of an inventory valued at approximately $14 million. During the first quarter, the Nova Scotia Liquor Corp. sold more than $1.8 million in American products, leaving an estimated remaining U.S. inventory of $1.5 million as of August 17.

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