February 10, 2026 - ATLANTIC CANADA BUSINESS NEWS REPORT
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LISTEN: Federal housing strategy accelerates while Nova Scotia launches groundbreaking 2% down payment program for first-time buyers
Ottawa has introduced legislation transforming Build Canada Homes into a Crown Corporation focused on affordable housing delivery, with direct build projects advancing in Dartmouth and other Atlantic Canadian cities. Nova Scotia launched a first-time home buyer program requiring just 2% down payments to help renters struggling to save deposits, while signing a three-year energy cooperation agreement with Massachusetts covering offshore wind development.
New Brunswick restructured its Atlantic Immigration Program with applications now entering a monthly candidate pool, and announced plans to discontinue using Elon Musk's X platform for routine government communications. Newfoundland and Labrador is closing its Boston office to save approximately $1 million annually, while Premier Tony Wakeman reaffirmed commitments to healthcare improvement, tax relief, and safer communities after 100 days in office.
Highlights:
Atlantic Fisheries Fund renewal urged – Atlantic Chamber of Commerce calls for federal renewal before March 31st deadline while welcoming Canada-China agreement extending reduced tariffs.
Nova Scotia-Massachusetts energy cooperation agreement – Three-year memorandum covers offshore wind development and power sharing.
Atlantic Immigration Program restructured – Applications enter monthly candidate pool rather than first-come processing.
Family doctor relationships with health authority strained – Physicians express concerns about working conditions affecting primary healthcare delivery.
Premier reaffirms commitments after 100 days – Healthcare improvement, tax relief, and safer communities priorities include frozen tuitions and tax relief plans.
"This report is based on publicly available reporting from regional, national, and industry news sources."
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