• Atlantic Fisheries Fund Renewed, Applications Being Accepted

  Source: Newfoundland & Labrador - Government Releases
  Date: 2026-10-15 17:40:13.0
  Tags: [Newfoundland and Labrador, Nova Scotia, New Brunswick, Prince Edward Island, National, Fisheries, Economy, Industry]

  The Government of Newfoundland and Labrador, the Government of Canada, and the provincial governments of Nova Scotia, New Brunswick, and Prince Edward Island have jointly renewed the Atlantic Fisheries Fund (AFF) with an investment of more than $300 million. The fund supports fishing and aquaculture projects across the Atlantic region to drive innovation, enhance market development, and ensure industry sustainability. The renewed program operates under four distinct pillars: market diversification, innovation, infrastructure, and science partnerships, with applications currently being accepted by the Government of Newfoundland and Labrador and partner jurisdictions. This funding launch follows a record-breaking performance in 2025 where Newfoundland and Labrador's fisheries and aquaculture sector generated $2.11 billion in market value.

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• Fisheries sector fund gets $300 million extension from Ottawa, Atlantic provinces

  Source: Nova Scotia - Halifax & Regional News
  Date: 2026-10-15 17:07:20.0
  Tags: [National, Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland and Labrador, Fisheries, Economy, Trade]

  Federal Fisheries Minister Joanne Thompson announced a five-year, $300 million extension of the Atlantic Fisheries Fund, aimed at supporting the fish and seafood sector across Nova Scotia, New Brunswick, Prince Edward Island, and Newfoundland and Labrador. The federal government is contributing 60 percent of the funding, with the four Atlantic provincial governments providing the remainder. Originally introduced in 2017, the renewed fund will invest in industry research, infrastructure, advertising, industry branding, and market research to help harvesters and growers expand global markets and improve resilience against international trade disruptions.

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• 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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• Ottawa provides $6.9M to 17 P.E.I. businesses and organizations affected by U.S. tariffs

  Source: Prince Edward Island - Regional News
  Date: 2026-10-01 17:00:00.0
  Tags: [Prince Edward Island, National, Trade, Industry, Economy]

  The federal government, through the Atlantic Canada Opportunities Agency's Regional Tariff Response Initiative, is providing more than $6.9 million in non-repayable funding to 17 businesses and organizations across Prince Edward Island to mitigate the impacts of U.S. tariffs. Notable recipients include Trout River Industries, which received $987,625; P.E.I. Brewing Company, which received $790,000; Somru BioScience Inc., which received $747,500; and the P.E.I. Bag Company, which received over $260,000 for new manufacturing equipment and digital technologies. This federal funding forms part of a broader $7.5-billion national package aimed at supporting Canadian workers and businesses affected by ongoing trade tensions.

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• Minimum wage hikes set to begin across 5 provinces

  Source: Nova Scotia - Halifax & Regional News
  Date: 2026-10-01 12:34:05.0
  Tags: [National, Ontario, Prince Edward Island, Nova Scotia, Manitoba, Saskatchewan, Alberta, Labour, Economy, Affordability]

  Minimum wage increases ranging from 25 to 40 cents take effect in Ontario, Prince Edward Island, Nova Scotia, Manitoba, and Saskatchewan, bringing their respective rates to $17.95, $17.30, $17.00, $16.40, and $15.70 per hour. Ontario has tied its adjustment directly to the rising cost of living. With these changes, Alberta maintains the lowest minimum wage in the country at $15.00 an hour, having not increased it since 2019, while Nunavut leads the country at just over $20.00 an hour following an increase at the beginning of September.

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• What's the state of Canada's trade talks with the U.S.?

  Source: Prince Edward Island - Regional News
  Date: 2026-09-29 21:00:00.0
  Tags: [National, Prince Edward Island, Trade, Agriculture, Economy]

  Federal Agriculture Minister and Prince Edward Island Member of Parliament Heath MacDonald returned to Parliament Hill to address ongoing trade negotiations and a trade war with the United States. In discussions with CBC News, MacDonald focused on the impact on the Canadian economy and the federal government's efforts to identify and establish new international partnerships. The developments come amid heightened bilateral tensions involving various tariff disputes and trade envoy communications between Canada and the United States.

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• P.E.I. consumers will pay more in wake of Canadian counter-tariffs

  Source: Prince Edward Island - Regional News
  Date: 2026-09-09 09:00:00.0
  Tags: [Prince Edward Island, National, Trade, Economy, Industry, Affordability]

  Retaliatory counter-tariffs implemented by Canada on American-made products took effect, raising import prices and impacting businesses and consumers on Prince Edward Island. Sam Sanderson, executive director of the Construction Association of Prince Edward Island, noted that approximately 65 per cent of construction materials used in the province originate from the U.S. and face these tariffs, potentially increasing material costs by 20 to 50 per cent. Prime Minister Mark Carney released a video stating that Canada will respond to the ongoing trade war by reducing reliance on the United States and pursuing new international trade agreements. Meanwhile, Prince Edward Island businesses such as MacArthur's Appliances, led by owner-operator Chris Welton, are managing price hikes and noting a shift in consumer sentiment away from American-made goods. The provincial government has also rolled out $12.5 million in support for businesses affected by U.S. tariffs.

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• Interprovincial trade barriers are falling. But rewriting old rules will take time

  Source: CBC Politics
  Date: 2026-08-28 14:14:49.0
  Tags: [National, British Columbia, Prince Edward Island, Trade, Economy, Industry]

  Federal and provincial ministers met in Iqaluit and Prince Edward Island to advance interprovincial trade agreements, building on a recent nine-province accord allowing direct-to-consumer alcohol sales across provincial lines. International Monetary Fund estimates indicate that removing internal trade barriers could increase Canada's real grossD product by up to seven per cent, or approximately $210 billion, over the long term. Priorities for ongoing discussions include securing a freer flow of services by the end of the year, harmonizing approval processes for prefabricated homes and building materials, and facilitating food trade. Meanwhile, University of Ottawa professor Wolfgang Alschner is utilizing artificial intelligence to catalogue approximately 17,000 regulatory texts across Canada to systematically identify and eliminate unnecessary trade divergences.

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• Canadian seafood industry 'relieved' with removal of their products from retaliatory tariff list

  Source: CBC Politics
  Date: 2026-08-27 13:22:04.0
  Tags: [National, Nova Scotia, New Brunswick, Prince Edward Island, Trade, Economy, Fisheries]

  Finance Canada removed fish and seafood products, including lobster and crab, from its retaliatory tariff list just a day after initially imposing counter-measures on $27.6 billion worth of U.S. goods. The initial list would have subjected U.S. seafood imports to a 25 per cent tariff, which industry groups like the Lobster Processors Association and the New Brunswick Crab Processors Association warned would devastate integrated cross-border processing operations. To maintain a dollar-for-dollar and rate-for-rate response, the Ministry of Finance added copper wire, charcoal, plaster sheets, and tiles to the tariff list at a 50 per cent rate, taking effect on September 8.

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