LISTEN: Federal investment flows to Atlantic Canada’s cruise and food sectors, Prince Edward Island’s Auditor General warns of an unsustainable deficit, and Newfoundland and Labrador moves to restructure its Future Fund.

This week on the Atlantic Canada Business Report, host Peter McCully covers federal investment in the cruise and food industries, a major wind energy approval in Nova Scotia, New Brunswick’s economic growth strategy, a record deficit warning in Prince Edward Island, and restructuring legislation for Newfoundland and Labrador’s Future Fund. The Atlantic Canada Opportunities Agency is backing the Atlantic Canada Cruise Association with more than $350,000 for a three-year plan covering more than 20 ports across all four Atlantic provinces, and is sending 18 food and beverage companies to SIAL Canada, the country’s largest food trade show. A new retrofit partnership will help building owners across the region reduce carbon emissions and modernize aging facilities.

Nova Scotia Tourism reported $3.7 billion in revenue in 2025, up 8% from the prior year. In New Brunswick, Premier Susan Holt traveled to Ottawa to promote the province’s energy and trade assets, while the government launched an economic development strategy targeting 10% provincial growth by 2030. In Prince Edward Island, the Auditor General issued a stark warning after the province tabled a record $410 million deficit budget. In Newfoundland and Labrador, Irving Oil has filed a second application to ship crude via foreign-flag tankers from Placentia Bay to Saint John, and Bill 9 would restructure the province’s Future Fund by removing mandatory annual contributions.

Highlights:

Atlantic Canada

The Atlantic Canada Opportunities Agency is investing more than $350,000 in the Atlantic Canada Cruise Association to fund a three-year strategic plan supporting marketing, cruise line relationships, and business development.

Nova Scotia

The Upper Afton Wind Project in eastern Nova Scotia has received provincial environmental assessment approval. Co-owned by Membertou Development and Ever Wind, the project will generate 176 megawatts and create up to 250 construction jobs.

New Brunswick

New Brunswick Premier Susan Holt traveled to Ottawa to promote the province’s energy assets, ports, and project potential to Prime Minister Mark Carney and business leaders.

Prince Edward Island

Prince Edward Island’s Auditor General has issued a stark warning following the province’s record $410 million deficit budget.

Newfoundland and Labrador

The Newfoundland and Labrador government has introduced legislation to restructure the province’s Future Fund, which holds more than $500 million.

Special Thanks to Our Sponsor: ALP Limited Valuation Services https://www.businessandassetvalues.com

Join our email list to never miss an episode: https://mailchi.mp/be8ab77675b4/atlantic-canada-business-news

You can subscribe to our audio feeds by visiting our website: https://www.atlanticcanadabusiness.news

Send your press releases and business news tips to: news@AtlanticCanadaBusiness.news

Advertising enquiries can be made via email to: Ads@AtlanticCanadaBusiness.News

Visit us on LinkedIn: https://www.linkedin.com/company/atlanticcanadabusiness-news

#AtlanticCanada #BusinessNews #NovaScotiaBusiness #NewBrunswickBusiness #PEIBusiness #NewfoundlandBusiness #CanadianBusiness #RegionalEconomy

#AtlanticBusinessNewsPodcast