February 3, 2026 - ATLANTIC CANADA BUSINESS NEWS REPORT
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LISTEN: Nova Scotia leads Canada in clean energy deals while internal trade barriers cost national economy $210 billion
Canada's Premiers and Prime Minister renewed commitments to dismantle interprovincial trade barriers costing the economy nearly $210 billion annually, with Atlantic provinces positioned for significant gains. Nova Scotia overtook Alberta as Canada's most active market for corporate clean energy agreements, procuring 262 megawatts of new wind capacity while advancing toward coal-free electricity by 2030.
New Brunswick prepares for fiscal transformation as Premier Susan Holt requests 10-15% departmental budget savings—potentially exceeding $1.4 billion in reductions—while Port Saint John reports a 153% surge in Ontario export volumes. Prince Edward Island implements new personal service business regulations and tax changes delivering $20 million in additional household income, while St. John's housing market continues climbing with 9.6% annual price growth despite national cooling trends.
Highlights:
Rogers expands satellite connectivity – All 5G plus plans now include Rogers satellite service across Atlantic Canada, enhancing rural business continuity.
Retail cannabis revenues climb through 2025 – Nova Scotia leads Atlantic Canada, followed by Newfoundland and Labrador and New Brunswick, reflecting steady consumer demand.
Nova Scotia leads Canada in clean energy deals – The Province overtook Alberta in 2025 as most active market for corporate renewable procurement.
Port Saint John export volumes surge 153% – Ontario shipments underscore port's growing role as national trade gateway, supporting jobs across marine services.
New regulations for personal service businesses – Salons and aesthetics operators must register, formalizing oversight for the growing sector.
St. John's housing market defies national trends – Canadian Real Estate Association reports 9.6% price growth the highest five-year increase.
“This report is based on publicly available reporting from regional, national, and industry news sources.”
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