New Brunswick’s surplus power sales to U.S. could close Irving Paper, firm warns

This article is new today!

Source: New Brunswick - Regional News
Date: 2026-10-30 15:32:23.0
Tags: [New Brunswick, Energy, Industry, Economy, Governance]

J.D. Irving Ltd. executive Mark Mosher warned that a policy change by New Brunswick's Crown-owned electric utility, NB Power, could force the closure of the Irving Paper mill and increase operational costs by an estimated $10 million annually. The policy shift allows NB Power to sell its excess surplus electricity to out-of-province and U.S. buyers at market rates first, forcing in-province industrial clients to rely on more expensive excess power. Energy Minister Rene Legacy stated that the provincial Liberal government will not intervene or reverse the regulatory decision, leaving the matter to be reviewed through an application submitted by J.D. Irving Ltd. to the New Brunswick Energy and Utilities Board.

Province-Wide Red Tape Reduction Consultations to Support Actions to Make Government Services Easier, Faster and More Responsive

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Source: Newfoundland & Labrador - Government Releases
Date: 2026-10-30 13:55:46.0
Tags: [Newfoundland and Labrador, Economy, Industry, Governance]

The Government of Newfoundland and Labrador launched a province-wide red tape reduction consultation initiative, running until November 20, 2026, aimed at moving the province's ranking from an F to an A on the Canadian Federation of Independent Business annual Red Tape Report Card. Led by Minister of Government Services and Minister of Red Tape Reduction Lloyd Parrott, the initiative builds on Budget 2026 measures such as the introduction of Bill 23, the Regulatory Improvement and Efficiency Act, and the establishment of a dedicated Red Tape Reduction Office and a Deputy Ministers' Steering Committee. Practical reforms already implemented include a One Project, One Review environmental assessment framework with the Federal Government, simplified fish processing licence and home repair assistance applications, and an online driver's licence photo renewal service via MyGovNL.

Provincial Investment Advances Aquaculture Innovation in Harbour Breton

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Source: Newfoundland & Labrador - Government Releases
Date: 2026-10-30 13:00:21.0
Tags: [Newfoundland and Labrador, Economy, Industry, Technology, Fisheries]

The Provincial Government of Newfoundland and Labrador is providing $882,581 to 360 Marine Ltd. to support a 21-month research and development project based in Harbour Breton. The company is developing and validating a compact, vessel-based sea lice treatment system combining fish-pumping and treatment technologies for smaller, multi-use vessels. The project receives additional public and private investment totaling $3.55 million, including $750,000 from the Atlantic Canada Opportunities Agency and up to $144,876 from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP). The initiative is expected to create four new full-time positions focused on research and testing activities.

Staring down a $40M tariff bill, this American importer is suing Trump to end some tariffs on Canada

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Source: CBC Politics
Date: 2026-10-30 08:00:00.0
Tags: [National, Trade, Economy, Agriculture, Industry]

The U.S. food distributor Gellert Global Group is suing the Trump administration in the U.S. Court of International Trade to overturn a 50 per cent tariff bill estimated at $40 million US on Canadian dairy and food imports. Filed by the Liberty Justice Center, the lawsuit challenges the administration's reliance on Section 338 of the U.S. Tariff Act (Smoot-Hawley Act), arguing the executive branch lacks the statutory authority to impose sweeping punitive tariffs under the guise of foreign trade discrimination. The disputed trade actions affect approximately $80 million US in annual Canadian cheese imports, including products from Mariposa Dairy in Lindsay, Ontario, while domestic dairy processors face supply shortages and potential permanent loss of commercial shelf space.

Ottawa's sluggish bureaucracy leaves critical gaps in Canadian military ammo supply: AG

Source: CBC Politics
Date: 2026-10-29 21:57:13.0
Tags: [National, Defence, Public Safety, Governance, Industry]

A federal audit by Auditor General Karen Hogan revealed that Canada's strategic military ammunition stockpile has critical gaps and fails to support war readiness or NATO commitments, citing sluggish restocking by Public Services and Procurement Canada and poor inventory management by the Department of National Defence. Despite a previously announced $9.2-billion federal funding pledge over 13 years and a March $1.4-billion framework scaling up domestic production—including $305 million to IMT Precision in Ingersoll, Ontario, and nearly $1 billion to General Dynamics Ordnance and Tactical Systems in Quebec—resolving the shortfalls will take several years. The audit noted that regular-use ammunition contracts took an average of nearly 19 months from signature to final delivery, while equipment unreliability and limited training further reduced operational utilization.

Innovation Saskatchewan Launches ACRE Program to Accelerate Agtech Commercialization

Source: Saskatchewan - Government News
Date: 2026-10-29 21:30:00.0
Tags: [Saskatchewan, Economy, Technology, Agriculture, Industry]

Innovation Saskatchewan has launched the Agtech Commercialization Readiness (ACRE) program, providing up to $30,000 in funding for on-farm pilot projects that connect local agtech companies with agricultural producers and industry partners. Administered by Innovation Saskatchewan and supported by organizations such as the Saskatchewan Cattle Association, the program builds on the previous Made In Saskatchewan Technology (MIST) model to accelerate the commercialization and adoption of emerging agricultural technologies.

A Plan to Protect Ontario

Source: Ontario - Ministry of Finance
Date: 2026-10-29 18:10:00.0
Tags: [Ontario, Economy, Taxation, Finance, Trade, Industry]

Ontario Minister of Finance Peter Bethlenfalvy released the 2026 Ontario Economic and Fiscal Review: A Plan to Protect Ontario, projecting a deficit of $16.9 billion in 2026-27 and a return to a balanced budget in 2029-30. The fiscal plan features an $8 billion Ontario Competitiveness Tax Cut tied to the federal Productivity Mega Deduction, an $8.7 billion Canada-Ontario action plan targeting the steel, automotive, and critical minerals sectors, and nearly $30 billion in cumulative tariff relief and business supports implemented since April 2025. Additionally, the government committed to streamlining 35 to 50 percent of the province's 375 business-facing permits by the end of 2028 and restoring capital expenditures as eligible under the Ontario Research and Development Tax Credit and Ontario Innovation Tax Credit to provide over $50 million in tax support over three years.

Canada to invest up to $1.6B in Toronto-based AI company Cohere

Source: CBC Politics
Date: 2026-10-29 17:12:24.0
Tags: [National, Economy, Technology, Industry, Infrastructure]

The federal government of Canada announced an equity investment of up to $1.6 billion in Toronto-based artificial intelligence company Cohere as part of a broader $7 billion funding round led by Germany's Schwarz Group. The funding will support model development, products for regulated industries, and computing infrastructure, with Cohere committing to invest at least $1.7 billion in new computing infrastructure in Canada by 2030. Additional participants in the funding round include Nvidia and BCE subsidiary Bell Canada, ensuring Cohere's incorporation and headquarters remain in Canada.

Ministerial Statement: Minister O’Driscoll Celebrates Renewal of Atlantic Fisheries Fund

Source: Newfoundland & Labrador - Government Releases
Date: 2026-10-29 16:25:37.0
Tags: [Newfoundland and Labrador, Fisheries, Economy, Industry, Infrastructure]

Newfoundland and Labrador Minister of Fisheries and Aquaculture Loyola O’Driscoll announced the renewal of the Atlantic Fisheries Fund, which will invest over $300 million across the Atlantic Region, including approximately $90 million specifically for Newfoundland and Labrador. The funding targets four core pillars: market diversification, innovation, infrastructure, and science partnerships. This initiative aims to build upon the sector's record market value of $2.11 billion achieved in 2025, with project applications officially open to interested participants.

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.

Stelco must recall laid off workers ‘immediately,’ Joly says in new letter

Source: Global News Politics
Date: 2026-10-29 14:04:23.0
Tags: [National, Ontario, Industry, Labour, Trade]

Federal Industry Minister Mélanie Joly issued a letter on October 29, 2026, demanding that parent company Cleveland-Cliffs and Stelco immediately recall approximately 500 workers laid off at the Hamilton steel plant, or face potential legal action under Section 39 of the Investment Canada Act that could lead to forced divestiture. Joly rejected an interim compliance report submitted by Stelco on October 26 as unsatisfactory. Stelco initiated the layoffs in early October due to reduced operations, offering alternative positions at its Lake Erie facility, which the United Steelworkers union notes has only accommodated about 40 of the affected employees.

Joly says she will meet with Stelco owner if company gives 'concrete' plan to bring workers back

Source: CBC Politics
Date: 2026-10-29 13:55:47.0
Tags: [National, Ontario, Economy, Trade, Labour, Industry]

Federal Industry Minister Mélanie Joly issued a letter to Paul Simon, president of Stelco, stating she will only meet with the company and its American parent firm, Cleveland-Cliffs, if they provide a concrete plan to immediately recall 300 to 350 laid-off workers at the Hamilton steel plant. The dispute follows recent layoffs and public remarks by Cleveland-Cliffs CEO Lourenco Goncalves regarding the rationale behind the 2024 acquisition. Minister Joly is evaluating potential legal action for non-compliance with undertakings under the Investment Canada Act, which require maintaining unionized employee levels at 2024 figures through 2029.

U.S. steel CEO's 'confessions' for buying Stelco prompted government to call its lawyers: industry minister

Source: CBC Politics
Date: 2026-10-28 16:11:32.0
Tags: [National, Ontario, Industry, Labour, Trade, Economy]

Federal Industry Minister Mélanie Joly stated that department lawyers were consulted following public comments by Cleveland-Cliffs CEO Lourenco Goncalves regarding the acquisition of Hamilton-based steelmaker Stelco. Goncalves admitted in a media interview that Cleveland-Cliffs purchased Stelco in 2024 specifically to prevent it from undercutting U.S. production facilities, prompting Ottawa to review potential legal consequences under the Investment Canada Act. The federal government previously issued a 15-day ultimatum to Cleveland-Cliffs demanding the reversal of announced layoffs at Stelco to maintain unionized employment levels agreed upon through 2029, threatening court action that could include financial penalties or forced divestment.

Canada not near trade deal with U.S. before midterms, Carney says

Source: Global News Politics
Date: 2026-10-28 15:11:10.0
Tags: [National, Trade, Economy, Industry]

Prime Minister Mark Carney stated that the federal government is not close to reaching a trade agreement with the United States ahead of the November 3 midterm elections. Talks recently resumed at the political level led by Canada-U.S. Trade Minister Dominic LeBlanc, following an August breakdown when negotiations collapsed after the U.S. pushed for restrictions on Canada's trade independence, French language requirements, and its auto sector. In response to stalled talks, U.S. President Donald Trump implemented 50 per cent tariffs on Canadian products, prompting dollar-for-dollar retaliatory tariffs from Ottawa, though discussions are now focusing on easing duties on steel and autos.

Province Announces $8 Billion Ontario Competitiveness Tax Cut to Support Investment and Create 30,000 Jobs

Source: Ontario - Ministry of Finance
Date: 2026-10-28 14:08:00.0
Tags: [Ontario, Taxation, Economy, Finance, Trade, Industry]

The Ontario Ministry of Finance announced the $8 billion Ontario Competitiveness Tax Cut as part of its multi-year Tax Action Plan to counter U.S. tariffs and lower business investment costs. Administered as the provincial counterpart to the federal Productivity Mega Deduction, the policy allows eligible businesses to immediately write off 100 per cent of capital investments in assets such as fibre-optic cables, software, aircraft, machinery, and patents. The measure is projected to drive at least $11 billion in new capital investment, add $6 billion to the provincial GDP, and support the creation of 30,000 new jobs over five years. Combined with prior initiatives from Budget 2026, total business tax relief will exceed $12 billion over five years, reducing Ontario's Marginal Effective Tax Rate to 3.6 per cent.

The owner of Ace Liquor and Spiritleaf raises its bet on U.S. cannabis, as its manufacturing arm faces a strategic review

Source: Alberta - Edmonton Journal (Legislature & Capital)
Date: 2026-10-28 11:00:16.0
Tags: [Alberta, British Columbia, Economy, Industry, Labour, Trade]

Edmonton-based retailer SNDL Inc., owner of Ace Liquor, Value Buds, and Spiritleaf, is conducting a strategic review and weighing the potential sale of its unprofitable Canadian cannabis production assets while exiting the dried flower business. The company reported a $52-million write-down and a 28 per cent year-over-year sales drop in its weed production segment, alongside cutting its workforce at its Kelowna, British Columbia manufacturing facility by more than 30 per cent. Simultaneously, SNDL invested $60.8 million into the United States market, acquiring approximately a 92 per cent stake in a partnership controlling Parallel, an American cannabis grower and retailer operating over 50 locations across Florida, Texas, and Massachusetts.

Smaller airlines ask Transport Canada for pilots' shifts to last up to 14 hours

Source: CBC Politics
Date: 2026-10-28 08:00:00.0
Tags: [National, Transportation, Labour, Industry]

At least 18 northern and regional air carriers, including Air Inuit, Air North, and Nolinor Aviation, have petitioned Transport Canada for regulatory exemptions to extend pilots' maximum daily flight duty period from 13 to 14 hours and weekly limits from 60 to 70 hours, while allowing up to 210 hours over a 28-day period. The carriers, represented by the Northern Air Transportation Association, argue that the stricter 2020 federal flight rules fail to accommodate northern weather unpredictability and infrastructure limitations, which lead to severe travel disruptions. The Air Line Pilots Association, International (ALPA Canada) strongly opposes the changes, warning that increased shift lengths will elevate pilot fatigue to dangerous levels and jeopardize flight safety. Federal Transport Minister Steven MacKinnon's office stated that Transport Canada officials are currently reviewing the draft regulatory files.

Stelco owner says he could sell plant next year after becoming 'persona non grata in Canada'

Source: CBC Politics
Date: 2026-10-27 23:34:42.0
Tags: [National, Ontario, Trade, Labour, Industry]

Cleveland-Cliffs CEO Lourenco Goncalves announced that he is willing to sell the Hamilton-based steel plant Stelco next year following a legal dispute with the federal government over Investment Canada Act obligations. Federal Industry Minister Mélanie Joly threatened legal action and potential monetary penalties or divestment after Stelco announced 300 to 350 layoffs in September, violating undertakings to maintain unionized staffing levels at 2024 baselines through 2029. While Cleveland-Cliffs maintains it is in full compliance and that the cuts are necessary due to U.S. steel tariffs, Minister Joly stated that potential buyers are already interested in Stelco's Canadian assets.

New Brunswick signs deal for Canadian firm to explore old antimony mine

Source: New Brunswick - Regional News
Date: 2026-10-27 16:53:35.0
Tags: [New Brunswick, Mining, Resources, Industry, Economy]

The New Brunswick government has signed an exclusive exploration agreement granting Toronto-based Avenir Minerals 30 months to study the potential for reopening the former Lake George antimony mine southwest of Fredericton. The historic site, which operated intermittently from 1876 to 1996, was one of North America's largest producers of antimony, a critical mineral used in flame retardants, solar panels, lead-acid batteries, infrared missiles, nuclear weapons, and night vision goggles. Avenir Minerals CEO Alden Greenhouse stated that the exploration process will involve drilling and consultations with First Nations. This initiative follows a similar exploration deal announced by the province with U.S.-based Regeneration Enterprises for an abandoned mine site in northern New Brunswick as part of the provincial Liberal government's efforts to rejuvenate the mining industry.

Only firm approved to explore for N.S. offshore oil and gas misses deposit deadline

Source: Nova Scotia - Halifax & Regional News
Date: 2026-10-27 15:34:46.0
Tags: [Nova Scotia, Energy, Resources, Economy, Industry]

Nova Scotia Premier Tim Houston announced that Inceptio Oil and Gas, led by James Edens, missed the Monday deposit deadline to put down $50 million for its approved $210-million offshore exploration bid. Inceptio required the deposit and a subsequent exploration licence before initiating activities like seismic testing and drilling. This marks a setback for Nova Scotia's offshore fossil fuel sector, which has seen no activity since the Sable and Deep Panuke gas projects shut down in 2018.