• 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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• 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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• 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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• Nova Scotia selling off remaining U.S. booze inventory, liquor profits dip

  Source: Nova Scotia - Halifax & Regional News
  Date: 2026-09-23 19:16:09.0
  Tags: [Nova Scotia, Trade, Economy, Finance]

  The Nova Scotia Liquor Corp. reported a 6.8 percent decrease in net income to $62 million for the first quarter, with total sales reaching $219.4 million between April 1 and June 28. Beverage alcohol sales declined by 1.7 percent, while cannabis sales increased by 11.2 percent. The provincial government previously directed the Nova Scotia Liquor Corp. to remove all U.S. alcohol from shelves in response to U.S. tariffs under President Donald Trump, leading to a sell-off of an inventory valued at approximately $14 million. During the first quarter, the Nova Scotia Liquor Corp. sold more than $1.8 million in American products, leaving an estimated remaining U.S. inventory of $1.5 million as of August 17.

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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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• Tariff fight looms over Nova Scotia legislature’s return

  Source: Nova Scotia - Halifax & Regional News
  Date: 2026-09-08 22:14:40.0
  Tags: [Nova Scotia, Economy, Trade, Labour, Governance, Mining]

  As the Nova Scotia legislature convened for its fall sitting at Province House, the economy, U.S. trade tariffs, and workers' rights dominated legislative debate. Premier Tim Houston's government faced questioning regarding retaliatory Canadian tariffs on American goods, with Finance Minister John Lohr confirming that the province's $50 million tariff relief contingency fund has not yet been tapped despite ongoing consultations with affected supply chains. Concurrently, the provincial government tabled legislation to lower the overtime threshold from 48 hours to 44 hours a week, drawing criticism from opposition leaders who noted it lags behind other jurisdictions. Outside Province House, demonstrators gathered to protest unilateral policy decisions, specifically demanding the reinstatement of the provincial uranium mining ban following a petition containing over 10,000 signatures.

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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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• Canadian seafood industry 'relieved' with removal of their products from retaliatory tariff list

  Source: CBC Politics
  Date: 2026-08-27 13:22:04.0
  Tags: [National, Nova Scotia, New Brunswick, Prince Edward Island, Trade, Economy, Fisheries]

  Finance Canada removed fish and seafood products, including lobster and crab, from its retaliatory tariff list just a day after initially imposing counter-measures on $27.6 billion worth of U.S. goods. The initial list would have subjected U.S. seafood imports to a 25 per cent tariff, which industry groups like the Lobster Processors Association and the New Brunswick Crab Processors Association warned would devastate integrated cross-border processing operations. To maintain a dollar-for-dollar and rate-for-rate response, the Ministry of Finance added copper wire, charcoal, plaster sheets, and tiles to the tariff list at a 50 per cent rate, taking effect on September 8.

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