LISTEN: Kraken Robotics announces a $615 million acquisition, PEI sets new tourism record, and NB Power customers face a decade of rising electricity rates

This week on the Atlantic Canada Business Report, host Peter McCully covers a wide range of economic, regulatory, and business developments across the region's four provinces. The Atlantic Chamber of Commerce is urging premiers to eliminate barriers to worker mobility, arguing that duplicated training requirements and inconsistent credential recognition are hampering productivity and slowing major projects.

A Halifax startup is celebrating an international product launch after a viral Dragon's Den moment helped secure equity financing and open markets in three countries. New Brunswick electricity customers are bracing for rate hikes that could total roughly 50% since 2023. Prince Edward Island is celebrating a new tourism record. And out of St. John's, Kraken Robotics is making global headlines with a $615 million acquisition of a British underwater technology company.

Highlights:

Atlantic Canada — The Atlantic Chamber of Commerce is calling on premiers to eliminate duplicated safety training requirements and inconsistent credential recognition slowing hiring and raising costs across the region.

Nova Scotia — Liberal MLA Ian Rankin has tabled legislation to create a construction mitigation fund for businesses disrupted by nearby infrastructure work and an independent Small Business Commissioner to resolve disputes with landlords, corporations, and government bodies.

New Brunswick — A Moncton beauty brand with nearly 400,000 social media followers is turning trade tensions into a sales opportunity, seeing a surge in purchases on both sides of the Canada-U.S. border as tariff concerns draw attention to Canadian-made products.

Prince Edward Island — The province welcomed 1.87 million visitors in 2025, a 10% increase and a new provincial record, with visitor spending climbing 12.4% year over year.

Newfoundland and Labrador — The NL Liquor Corporation's manufacturing division saw production of ready-to-drink beverages, wine, and beer rise roughly 67% year over year, with locally produced products now exported to more than 30 countries.

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

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