January 13th, 2025 - ATLANTIC CANADA BUSINESS NEWS REPORT

LISTEN: Trade missions, workforce policies, and infrastructure investments highlight regional economic activity across the Atlantic provinces

Atlantic Canada demonstrates diverse economic activity this week as provinces navigate trade diplomacy, capital investments, and workforce policy decisions. Nova Scotia pursues international seafood markets through ministerial trade missions to China while confronting technology sector setbacks and proposed electricity rate increases. The province's liquor corporation joins regional counterparts in liquidating American alcohol inventory for charity, recording $7 million in sales.

New Brunswick advances substantial infrastructure priorities through its capital budget while maintaining flexible public sector workforce policies and addressing forestry sector challenges. The province welcomes battery recycling program expansion and sees federal court decisions favouring local seafood processors.

Prince Edward Island celebrates tourism sector success with live music generating significant economic impact, receives federal funding for meat processing innovation, and achieves environmental progress through consecutive emission reductions. Newfoundland and Labrador reaches aerospace industry milestones with spaceport environmental approval while capitalizing on exceptional cruise tourism performance.

Highlights:

Air Canada-PAL Airlines partnership extends to 2032 – Fleet expansion from six to eleven aircraft strengthens regional connectivity across Eastern Canada.

China trade mission targets seafood market expansion – Minister leads delegation to $615 million export market despite new tariff challenges.

New Brunswick capital budget prioritizes infrastructure – $247 million healthcare allocation alongside $242 million for schools signals provincial investment focus.

Nordspace receives environmental approval – Atlantic Spaceport Complex clears major hurdle for Newfoundland's aerospace sector development.

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This report is based on publicly available reporting from regional, national, and industry news sources.

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