DP World Announces ‘Historic’ Investment At Port Saint John
The investment includes the purchase of two additional quay cranes, which are scheduled to arrive on site later this year.
Saint John
Port Saint John Expansion Could Increase Region’s GDP By $1 Billlion
The port expansion comes as New Brunswick faces the daunting task of filling an estimated 120,000 job openings over the next decade. And the province’s deputy labour minister warns there will soon be more non-workers than workers if steps are not taken.
Top Exec Leaving Crombie REIT
Headquartered in New Glasgow, Crombie REIT has business ties to Sobeys’ parent company, Empire Company Ltd. – its largest shareholder. Crombie REIT owns 294 income-producing properties, the majority of which are grocery-related, and include Sobeys locations across Canada, for a total of 18.5-million square feet across all 10 Canadian provinces.
Rent Cap Officially Takes Effect In New Brunswick
The proposed legislation put forward earlier this year received Royal Assent on Friday. That means rent increases are now capped at 3.8 percent from Jan. 1 until Dec. 31.
Manufcaturers Say New Tax Hurts N.B.’s Competitiveness
New Brunswick’s manufacturing sector is pushing back against new property tax changes that specifically target heacy industries.
Slight Relief In Saint John’s Housing Market As Inventory Climbs
The number of houses on the market is going up in Saint John, a possible sign that the market is moderating.
Jobless Rate Down In Most Maritime Cities, Hits Record Low Across Canada
Canada’s unemployment rate reached a new record low of 5.1 percent in May, according to Statistics Canada. It was the third consecutive month that the unemployment rate reached a new record low in Canada.
New Film Festival Premieres On Saint John Waterfront
The Outdoor Outdoor Film Festival will premiere on the uptown Saint John waterfront on Friday night. It is a celebration of stories of outdoor playgrounds, from local spots and scenes around the world.
N.B. Develops Air Sector Growth Strategy
The goal is to better understand New Brunswick’s air sector, along with its strengths, challenges, and opportunities–with a focus on evidence-based data and analysis.
Sobeys Scraps Air Miles, Moves To Scene Points
Empire Company is now a co-owner of the Scene+ program, along with Cineplex and Scotiabank. Air Miles will be replaced with Scene points in Atlantic Canadian stores starting in August.
