• 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 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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• 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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• Bank of Canada governor says Atlantic Canada is less exposed to U.S. tariffs

  Source: Prince Edward Island - Regional News
  Date: 2026-09-21 21:47:30.0
  Tags: [Nova Scotia, National, Economy, Trade, Energy, Industry]

  Bank of Canada Governor Tiff Macklem stated during a speech in Halifax that Atlantic Canada is less exposed to U.S. tariffs than provinces like Ontario and Quebec, though regional residents face heavier burdens from inflation and rising oil prices used for home heating. Macklem noted that Nova Scotia's unemployment rate remains below the national average and pre-pandemic levels, while the region experiences positive economic investments in the shipbuilding, defence, and energy sectors. However, the governor emphasized that achieving sustained economic transformation will require multi-year commitments and investment plans from both governments and businesses.

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• Ottawa commits millions to shield Nova Scotia companies from U.S. tariff pain

  Source: Nova Scotia - Halifax & Regional News
  Date: 2026-09-02 17:32:12.0
  Tags: [National, Nova Scotia, Economy, Trade, Industry]

  The federal government is allocating $14.1 million through Ottawa’s $1.5-billion Regional Tariff Response Initiative—part of a broader $7.5-billion federal package—to assist Nova Scotia companies facing U.S. tariffs. Justice Minister and Atlantic Canada Opportunities Agency Minister Sean Fraser announced that the initial package provides grants to 27 businesses and organizations. This includes more than $400,000 awarded to Ace Machining Ltd. to acquire an automated computer numerical control (CNC) milling station designed to improve productivity and competitiveness. These federal funds are deployed to shield domestic firms following U.S. tariffs of 50 per cent imposed on approximately $28 billion worth of Canadian goods, ahead of reciprocal Canadian tariffs on American products.

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