October 12, 2026 - Atlantic Canada Business Report

LISTEN: This week on the Atlantic Canada Business Report with Peter McCully - unemployment rises in three of the four Atlantic provinces, hospitality workers across the region report shrinking tips, and Moncton gets ready to host the first Small Biz Riot conference. In Nova Scotia, Emera agrees to merge with Calgary's Canadian Utilities, and four credit unions vote to combine as East Coast Credit Union. In New Brunswick, NB Power seeks three years of rate increases and the province opens a survey on natural gas development. On Prince Edward Island, a long-term care contract expands Charlottetown's Whisperwood Nursing Home and fall lobster prices hold firm. And in Newfoundland and Labrador, Shell buys into the Bay du Nord project, Suncor sells its offshore stakes, and NordSpace gets a satellite into orbit. Highlights: Atlantic Canada Unemployment rose in September in three of the four Atlantic provinces. Newfoundland and Labrador posted Canada's highest jobless rate at 9.1 percent, while Prince Edward Island bucked the trend as its rate fell to 7.3 percent. Nova Scotia Halifax-based Emera has agreed to merge with Calgary's Canadian Utilities in a deal valued at about $14.3 billion. The combined utility would keep the Emera name and Halifax headquarters, serving some six million customers. New Brunswick Business owners and entrepreneurs from across Atlantic Canada gather in Moncton on October 22 for the inaugural OMISTA Small Biz Riot conference, trading theory-driven presentations for candid stories on real business setbacks and how owners worked through them. www.smallbizriot.com Prince Edward Island Enhanced Living has won a contract to expand Charlottetown's Whisperwood Nursing Home with 82 new long-term care beds. The 30-year deal includes $3.5 million a year in provincial construction support. Newfoundland and Labrador Shell has agreed to buy a 30 percent stake in the Bay du Nord offshore oil project, with Equinor remaining operator. First oil is targeted for 2031, with a final investment decision expected next year. Special Thanks to Our Sponsor: ALP Limited Valuation Services https://www.businessandassetvalues.com Subscribe to our email list: https://atlanticcanadabusiness.news Visit our website: https://atlanticcanadabusiness.news Connect on LinkedIn: https://www.linkedin.com/company/atlantic-canada-business-report Visit us on YouTube: https://www.youtube.com/@AtlanticCanBiz #AtlanticCanada #BusinessNews #NovaScotiaBusiness #NewBrunswickBusiness #PEIBusiness #NewfoundlandBusiness #CanadianBusiness #RegionalEconomy #AtlanticBusinessNewsPodcast