• Canada facing carbon tariff threat from European Union: internal documents

  Source: CBC Politics
  Date: 2026-10-28 08:00:00.0
  Tags: [National, Quebec, Newfoundland and Labrador, Trade, Economy, Environment]

  Internal Global Affairs Canada documents reveal that Canadian iron, steel, and aluminum exports face imminent carbon tariffs under the European Union's Carbon Border Adjustment Mechanism (CBAM), as Canada's national carbon price of $95 per tonne is not linked to the EU's $134 per tonne system. The incoming import levy exposes approximately $2.8 billion worth of Canadian goods annually, hitting the provinces of Newfoundland and Labrador and Quebec particularly hard with $885 million and $792 million in exposed exports, respectively. Global Affairs Canada estimates that Canadian exporters will face substantial administrative and compliance costs, with experts warning that EU carbon tariffs could eventually add up to $150 per tonne of steel by 2034. Canadian diplomats continue to engage with the European Commission during the Canada-EU Summit in Montreal to seek exemptions or recognition for domestic industrial carbon pricing systems.

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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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• Fisheries sector fund gets $300 million extension from Ottawa, Atlantic provinces

  Source: Nova Scotia - Halifax & Regional News
  Date: 2026-10-15 17:07:20.0
  Tags: [National, Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland and Labrador, Fisheries, Economy, Trade]

  Federal Fisheries Minister Joanne Thompson announced a five-year, $300 million extension of the Atlantic Fisheries Fund, aimed at supporting the fish and seafood sector across Nova Scotia, New Brunswick, Prince Edward Island, and Newfoundland and Labrador. The federal government is contributing 60 percent of the funding, with the four Atlantic provincial governments providing the remainder. Originally introduced in 2017, the renewed fund will invest in industry research, infrastructure, advertising, industry branding, and market research to help harvesters and growers expand global markets and improve resilience against international trade disruptions.

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• Statement from Premier Wakeham on France’s Pledged Intention to Launch Exploratory Snow Crab Fishery

  Source: Newfoundland & Labrador - Government Releases
  Date: 2026-09-29 19:25:34.0
  Tags: [Newfoundland and Labrador, National, Trade, Fisheries, Resources, Governance]

  Newfoundland and Labrador Premier Wakeham expressed disappointment and opposition regarding France's pledged intention to launch an exploratory snow crab fishery on the extension of Canada's continental shelf. Premier Wakeham discussed the issue with federal Minister Thompson, who confirmed that the Government of Canada does not support France's action. The Department of Fisheries and Oceans (DFO) and Global Affairs Canada are collaborating to determine next steps and protect Canada's jurisdictional authority and fishing industry.

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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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• Canada, France pledge to work together on space infrastructure, economy

  Source: CBC Politics
  Date: 2026-09-20 14:40:36.0
  Tags: [National, Newfoundland and Labrador, Trade, Infrastructure, Technology, Defence, Economy]

  Prime Minister Mark Carney and French President Emmanuel Macron met in Saint-Pierre-et-Miquelon to pledge bilateral cooperation on shared space infrastructure, business growth, and economic development, directing their respective space agencies and defence ministries to develop common launch systems and ground reception facilities. The leaders also tasked the regional joint cooperation commission between Atlantic Canada and Saint-Pierre-et-Miquelon to expand work in economic growth, energy transition, and climate resilience. Furthermore, the French Chamber of Commerce and Industry and the Canadian Chamber of Commerce are finalizing an agreement to build shared value chains and deepen business ties amid broader Canadian efforts to forge a closer economic and political alliance with the European Union.

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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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• Jean Chrétien says ‘we bow to no one’ in fiery 9/11 speech in Gander, N.L.

  Source: CBC Politics
  Date: 2026-09-11 19:57:37.0
  Tags: [National, Newfoundland and Labrador, Trade, Defence, Governance]

  Former Canadian Prime Minister Jean Chrétien delivered a speech in Gander, Newfoundland and Labrador, commemorating the 25th anniversary of the September 11, 2001, terrorist attacks in the United States. Speaking in the presence of U.S. Ambassador Pete Hoekstra, Chrétien addressed ongoing Canada-U.S. trade tensions, tariffs initiated by U.S. President Donald Trump, and threats to Canadian sovereignty. Chrétien defended Canada's historical contributions to post-9/11 security—including invoking NATO Article 5 and deploying troops to Afghanistan where 158 Canadian soldiers died—while warning that Canadian kindness should not be mistaken for weakness.

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• Jean Chrétien says ‘we bow to no one’ in stirring 9/11 speech in Gander, N.L.

  Source: CBC Politics
  Date: 2026-09-11 19:57:37.0
  Tags: [National, Newfoundland and Labrador, Trade, Defence, Governance]

  Former Prime Minister Jean Chrétien delivered a speech at the 25th-anniversary commemoration of the September 11, 2001 terrorist attacks in Gander, Newfoundland and Labrador, addressing current geopolitical tensions and trade disputes between Canada and the United States. Speaking before an audience that included U.S. Ambassador Pete Hoekstra, Chrétien referenced ongoing trade friction and rhetoric initiated by U.S. President Donald Trump, warning U.S. leadership not to mistake Canadian kindness for weakness. The event highlighted Canada's historical contributions to post-9/11 security operations, including deploying Canadian troops to Afghanistan where 158 soldiers were killed, while addressing contemporary diplomatic strains.

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• Premier Wakeham Meets with Partners to Discuss Tariff Impacts

  Source: Newfoundland & Labrador - Government Releases
  Date: 2026-09-09 15:45:22.0
  Tags: [Newfoundland and Labrador, Trade, Economy, Industry]

  Premier Tony Wakeham, alongside Minister of Finance Craig Pardy and Minister of Jobs, Growth and Rural Development Lin Paddock, met with industry, community, and labour partners on September 9, 2026, to discuss the economic impacts of ongoing United States tariffs on Newfoundland and Labrador. The discussions focused on ensuring that Canada's response programs are ambitious and targeted to support smaller export-oriented jurisdictions. In 2025, the United States accounted for approximately 34 per cent of the total value of the province's international merchandise exports, making it the largest individual export market for Newfoundland and Labrador.

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• Newfoundland welcomed them after 9/11. They’re heartbroken by Trump’s trade war

  Source: Nova Scotia - Halifax & Regional News
  Date: 2026-09-03 13:45:23.0
  Tags: [National, Newfoundland and Labrador, Trade, Economy]

  Escalating trade tensions between Canada and the United States have erupted into a trade war, initiated after U.S. President Donald Trump imposed 50 per cent levies on billions of dollars in Canadian exports following the breakdown of bilateral negotiations led by Prime Minister Mark Carney. In response, Prime Minister Mark Carney's government implemented retaliatory tariffs targeting U.S. goods, compounding strains that originated from prior U.S. threats of annexation and tariffs. This economic friction coincides with the 25th-anniversary preparations for the September 11, 2001 terrorist attacks, during which Newfoundland communities, notably Gander, sheltered more than 6,500 stranded passengers across 38 grounded flights.

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• Newfoundland and Labrador Supports Accelerated Action to Strengthen Internal Trade Across Canada

  Source: Newfoundland & Labrador - Government Releases
  Date: 2026-08-28 14:50:15.0
  Tags: [National, Newfoundland and Labrador, Trade, Labour, Economy, Agriculture]

  Federal, provincial, and territorial ministers meeting in Iqaluit, Nunavut, agreed to accelerate efforts to reach an agreement in principle by fall 2026 on model mutual recognition legislation to create a common Canadian market and support labour mobility. Ministers ratified amendments to the Canadian Free Trade Agreement establishing a 30-day service standard for labour mobility applications and committed to expanding the Canadian Mutual Recognition Agreement to services by December 2026. Additionally, the Canadian Food Inspection Agency introduced concierge services and targeted exemptions under the Safe Food for Canadians Regulations to allow provincial red meat slaughter facilities to trade low volumes interprovincially. Nine premiers also signed an operating agreement in July 2026 regarding direct-to-consumer sales of alcoholic beverages.

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