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February 2013 Maritime Economic Fundamentals

Ally

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News articles for February 2013.
 

Ally

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Low cost oil piped from the west to the Maritimes?





Support is building for a cross-country pipeline that would bring Alberta light crude and oilsands bitumen upgraded to synthetic crude to the East Coast.




It`s about time Nova Scotia got on that bandwagon.





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Ally

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January 2013 housing starts in Halifax








HALIFAX, NOVA SCOTIA`(Marketwire ` Feb. 8, 2013) -
Housing starts in Halifax, Census Metropolitan Area (CMA) were trending at 4,309 units in January, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR)[sup]1 [/sup]of housing starts.





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Ally

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New Brunswick's jobless rate jumps to 11.3%




The New Brunswick economy added 2,700 jobs in January, but the unemployment rate jumped to 11.3 per cent, according to Statistics Canada.




The monthly labour force report offered a mixed bag for New Brunswick. The unemployment rate jumped past 11 per cent in January, up from 10.8 per cent in December.





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Moncton set to lead province in economic growth





Moncton is expected to break into the top 10 metropolitan economies in Canada in 2013, according to the Conference Board of Canada's winter outlook.




Moncton is also set to lead the cities in Atlantic Canada this year in economic growth.





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Ally

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Shale gas is a boon for New Brunswick




The federal Environment Minister is voicing support for shale-gas exploration in New Brunswick as the province struggles to avoid being left behind in the Atlantic region`s pursuit of energy resources.




Peter Kent acknowledges that having a `drill rig in one`s backyard is not the most pleasant of visions` but added the potential economic benefits to a province like New Brunswick `are significant.`



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