• Ministerial Statement: Minister Parrott Recognizes Opening of Equinox Gold’s Valentine Gold Mine

  Source: Newfoundland & Labrador - Government Releases
  Date: 2026-10-29 16:15:13.0
  Tags: [Newfoundland and Labrador, Mining, Resources, Economy, Industry, Energy]

  Newfoundland and Labrador Minister of Energy and Mines Lloyd Parrott announced the official opening and commercial production of Equinox Gold's Valentine Gold Mine in Central Newfoundland. Equinox Gold plans to invest $436 million over the next two years for a Phase 2 expansion to double its throughput capacity, raising average annual gold production to approximately 223,000 ounces across its 320-square-kilometre property.

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• Newfoundland and Labrador Showcases Defence-Ready Capabilities at DEFSEC Atlantic

  Source: Newfoundland & Labrador - Government Releases
  Date: 2026-10-09 15:20:19.0
  Tags: [Newfoundland and Labrador, Defence, Economy, Industry, Technology, Energy]

  Premier Tony Wakeham and Minister Lin Paddock represented the Government of Newfoundland and Labrador at the 2026 DEFSEC Atlantic exhibition in Halifax to promote the province's defence, aerospace, and security capabilities. The province emphasized strategic assets including 5 Wing Goose Bay, deepwater ports, critical minerals, and clean energy access via the new Churchill Falls agreement. Additionally, local firms Avalon Holographics and SmartICE were recognized at the 2026 Atlantic Canada Aerospace and Defence Association Industry Excellence Awards for innovation and workforce culture.

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• Atlantic business leaders call for regional policies and more natural resource development

  Source: Prince Edward Island - Regional News
  Date: 2026-09-25 21:34:13.0
  Tags: [New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Economy, Trade, Energy, Resources, Mining, Industry]

  The Atlantic Economic Panel, chaired by Don Mills and commissioned by federal Atlantic Canada Opportunities Agency (ACOA) Minister Sean Fraser, released a strategic growth plan calling for the creation of a $1 billion Atlantic prosperity fund to help regional companies scale up. The report recommends greater regional integration, including the establishment of an independent electricity system operator across the four Atlantic provinces, the elimination of interprovincial trade barriers, coordinated immigration policies, and streamlined regulatory processes for major projects. Furthermore, the plan urges a 50 per cent expansion of the region's natural resources sector, bolstered by recent provincial policy shifts such as Nova Scotia lifting bans on fracking and uranium mining and approving five new mines.

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• Eastern Canada business leaders call for ‘single economy’ between Atlantic provinces

  Source: Nova Scotia - Halifax & Regional News
  Date: 2026-09-25 14:16:00.0
  Tags: [Nova Scotia, New Brunswick, Newfoundland and Labrador, Prince Edward Island, Economy, Trade, Labour, Infrastructure, Energy, Immigration]

  The Atlantic Economic Panel, appointed by federal minister Sean Fraser and chaired by Crane Cove Holdings Ltd. president Don Mills, released a report calling for the creation of a 'One Atlantic Canada' single economy by 2035 across Nova Scotia, New Brunswick, Prince Edward Island, and Newfoundland and Labrador. To combat low productivity, labour shortages, and regulatory barriers, the report outlines seven major recommendations, including a $1-billion Atlantic Prosperity Fund, a $25-billion integrated electricity system managed by a region-wide independent system operator, the removal of all trade and labour mobility barriers, and regional infrastructure partnerships. Additional targets include growing the region's population past 3 million with a 1.8 percent annual growth rate, doubling exports to Europe to over $30 billion, mobilizing $100 billion in new natural resource investments, and enhancing the aerospace, defence, shipbuilding, and artificial intelligence sectors.

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• Statement from the Honourable Tony Wakeham, Premier of Newfoundland and Labrador on the Canada Investment Summit

  Source: Newfoundland & Labrador - Government Releases
  Date: 2026-09-14 12:15:07.0
  Tags: [Newfoundland and Labrador, National, Economy, Energy, Infrastructure, Resources]

  Newfoundland and Labrador Premier Tony Wakeham announced that while he cannot attend the Canada Investment Summit in Toronto due to a special sitting of the House of Assembly, government officials and a team of representatives will attend to engage with global investors regarding major provincial opportunities. The province highlights its $50-plus-billion capital spend tied to the new Churchill Falls and Gull Island clean energy deal—noted as the largest clean energy investment in North American history—alongside ongoing international profiling of strategic projects such as Bay du Nord and the Churchill projects across the energy, critical minerals, technology, and natural resources sectors.

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• Canada's oil windfall may yet wipe out its losses from tariffs

  Source: CBC Politics
  Date: 2026-09-13 08:00:00.0
  Tags: [National, Alberta, Newfoundland and Labrador, Trade, Energy, Economy]

  U.S. President Donald Trump's imposition of tariffs affecting approximately $27.6 billion in Canadian products—costing Canada's GDP an estimated 0.5 per cent ($10 billion to $20 billion annually)—may be fully offset by a surge in global oil prices topping $100 US per barrel. Driven by ongoing Middle East conflicts involving Iran and Houthi rebel attacks on Saudi energy infrastructure including the Petroline pipeline, Brent crude has reached nearly $110 US per barrel, generating windfall profits for the Canadian oil industry and bolstering government revenues. Specifically, Alberta has reversed a projected $9.4-billion deficit into a $2-billion surplus, Newfoundland and Labrador anticipates an additional $500 million in coffers, and federal corporate and personal income taxes stand to gain roughly $2 billion for every $10 increase in the price of a barrel of oil.

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• Premier Welcomes Trades NL Support of New and Better Deal to Deliver More Jobs

  Source: Newfoundland & Labrador - Government Releases
  Date: 2026-09-08 15:30:19.0
  Tags: [Newfoundland and Labrador, Energy, Infrastructure, Labour, Economy]

  Premier Tony Wakeham announced that Trades NL has endorsed the Provincial Government's new deal to develop Churchill Falls and Gull Island, partnering with federal and provincial entities including Prime Minister Mark Carney and Premier Christine Fréchette. The agreement extends employment benefits to all project components—including Churchill Falls upgrades, Labrador transmission, and wind development—guaranteeing that 85 per cent of all person-hours worked during construction will remain in Newfoundland and Labrador. Priority for these roles is mandated for qualified Labrador Innu, qualified Labradorians, and qualified Newfoundlanders, in that order. At peak construction, the Gull Island project alone is projected to employ up to 5,000 workers.

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• Provincial Government Issues Expression of Interest for Buchans Generating Facility

  Source: Newfoundland & Labrador - Government Releases
  Date: 2026-09-02 14:30:53.0
  Tags: [Newfoundland and Labrador, Energy, Infrastructure, Economy, Indigenous]

  The Government of Newfoundland and Labrador, through the Department of Energy and Mines led by Minister Lloyd Parrott, has issued a public expression of interest for the potential divestment and future development of the publicly owned Buchans Generating Facility. The initiative invites interested parties to submit proposals via the MERX tendering platform detailing prospective uses, economic benefits, long-term operational plans, and opportunities for regional development and Indigenous participation. Submissions for the facility close on October 20, 2026, at 4:00 p.m., allowing the provincial government to assess market interest and determine a competitive divestment approach.

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