February 17, 2026 - ATLANTIC CANADA BUSINESS NEWS REPORT
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LISTEN: Atlantic Canada's food service sector shows resilience while defence innovation accelerates and major energy projects advance across the region
Atlantic Canada's food service industry reported 0.6% real per capita sales growth, driven by the GST/HST holiday and increased domestic tourism, though operators face mounting labour costs and immigration policy uncertainty. Federal support continues with ACOA providing nearly $1 million for New Brunswick's VIMY Forge defence innovation accelerator, while Premier Tim Houston promoted Nova Scotia's offshore wind potential to global investors in New York.
Nova Scotia implemented substantially higher penalties for illegal fishing targeting $400 million in unreported lobster catches, and a potential $10-15 billion LNG mega-project off Newfoundland's coast represents one of the largest proposed industrial investments in provincial history.
Highlights:
Trade mission to Mexico – Minister Dominic LeBlanc leading 370 delegates to diversify trade amid US tariff threats.
Offshore wind promotion – Nova Scotia Premier Houston addressed global
New Brunswick wage increase – Provincial minimum wage rising to $15.90 per hour effective April 1st.
Premier Rob Lantz sworn in – PEI Premier returns to leadership role following ceremony at Government House on February 9th.
Canada Summer Games impact – 2025 event delivered approximately $193 million in economic activity across province.
"This report is based on publicly available reporting from regional, national, and industry news sources."
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