June 2012 Maritime Economic Fundamentals

[Ally]

Walmart to hire 190 employees across Nova Scotia




Walmart Canada is on a hiring spree in Nova Scotia after taking possession of three former Zellers stores in the province last week.




The national chain plans to hire at least 190 people for stores being readied for retail operations in Greenwood, North Sydney and Cole Harbour.




`It`s part of a national hiring campaign to support the company`s unprecedented growth plans and hiring of new talent,` Walmart spokesman Alex Roberton said Tuesday.




Walmart officials are inspecting the three properties to determine what renovations are needed, said Roberton.





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[Ally]

The Conference Board's first outlook for Moncton shows an economy in the midst of steady growth






Moncton, June 27, 2012`Moncton`s economy will grow by 2.1 per cent in 2012, and that pace is expected to accelerate in both 2013 and 2014, according to The Conference Board of Canada`s first-ever Metropolitan Outlook for the Moncton Census Metropolitan Area (CMA).




`Economic growth in 2012 will be fuelled by continued strength in manufacturing and a rebound in the services sector. In 2013 and beyond, a rebound in the construction sector will add further strength to the Moncton economy,` said Mario Lefebvre, Director, Centre for Municipal Studies at The Conference Board of Canada.




Moncton will also continue its recent trend of growing faster than the provincial economy in each of the next five years. On average, Moncton`s real gross domestic product (GDP) is expected to grow about 0.5 percentage points faster than the New Brunswick economy as a whole annually through 2016.





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