• N.S. government announces funding to grow boatbuilding industry

  Source: Nova Scotia - Halifax & Regional News
  Date: 2026-10-26 19:55:08.0
  Tags: [Nova Scotia, Economy, Industry, Trade, Defence, Fisheries]

  The Nova Scotia government is investing over $350,000 from its Community Economic Development Fund into the Nova Scotia Boatbuilders Association to help local boatbuilders and repair businesses expand into new markets. The funding will be used to promote local companies at trade shows, in trade publications, and through online communications and strategic partnerships. Established in 1998, the Nova Scotia Boatbuilders Association aims to diversify the industry beyond the domestic fishing boat market, helping local firms compete internationally for naval contracts and meet national defence priorities.

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• High Liner Foods to be bought by Umios in deal valued at $804 million

  Source: Nova Scotia - Halifax & Regional News
  Date: 2026-10-26 15:40:21.0
  Tags: [Nova Scotia, Economy, Industry, Trade, Fisheries]

  Nova Scotia seafood processor High Liner Foods Inc. has signed an agreement to be acquired by Japanese company Umios Corp. in a transaction valued at $804 million, paying $27 per share in cash. Under the deal, which requires 75 per cent shareholder approval and a court-approved plan under the Nova Scotia Companies Act, Umios will establish High Liner Foods as the core platform for its North American business while maintaining its headquarters in Nova Scotia, its workforce, and operations. Thornridge Holdings Ltd., holding a 41.4 per cent stake in High Liner, has agreed to support the transaction, which is expected to close in early 2027 following a December shareholder vote.

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• 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 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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• 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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