• Market diversification added to focus of renewed Atlantic Fisheries Fund

  Source: Prince Edward Island - Regional News
  Date: 2026-10-15 20:43:09.0
  Tags: [National, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Trade, Fisheries, Industry, Finance]

  The federal government and the Atlantic provincial governments are replenishing the Atlantic Fisheries Fund with more than $300 million over the next five years, funded 60 per cent federally and 40 per cent provincially, in response to ongoing trade disputes and tariffs with the U.S. Federal Fisheries Minister Joanne Thompson announced that market diversification has been added as a new funding pillar alongside innovation, infrastructure, and science partnerships to assist harvesters and processors such as Cooke Inc., the P.E.I. Fishermen’s Association, Scotia Harvest, and Icewater Seafoods in entering new international markets. Over the past nine years, the fund has previously distributed $370 million to more than 1,300 projects across Atlantic Canada.

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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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• N.B. and N.S. gaming Crown corps fined for lax money laundering reports

  Source: Nova Scotia - Halifax & Regional News
  Date: 2026-09-03 15:54:15.0
  Tags: [Nova Scotia, New Brunswick, National, Public Safety, Finance, Governance]

  The Financial Transactions and Reports Analysis Centre of Canada (Fintrac) has fined the New Brunswick Lotteries and Gaming Corporation nearly $400,000 and the Nova Scotia Gaming Corporation almost $232,000 for failing to submit suspicious transaction reports regarding potential money laundering or terrorist activity financing. Fintrac's acting director and CEO Stéphane Sirard noted that both organizations failed in their legal obligations under federal anti-money laundering frameworks. Additionally, the Nova Scotia Gaming Corporation was cited for failing to develop up-to-date written compliance policies and failing to document the specific risks of money laundering or terrorist activity financing offenses.

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