SAINT JOHN, N.B. ` Irving Pulp and Paper is planning to spend about $450 million to modernize a mill in Saint John, making the announcement a day after the New Brunswick government lifted a cap on the amount of softwood it will make available to the forestry industry from Crown land.
The company says work on its mill on the west side of the city is slated to begin this spring and will create the full-time equivalent of 600 jobs.
Nova Scotia`s unemployment rate edged up slightly between February and March as the economy shed about 3,400 mostly full-time jobs, according to seasonally adjusted figures released Friday by Statistics Canada.
The month-over-month unemployment rate went up to 9.3 for March from 8.9 per cent in February, countering the national trend that saw the unemployment rate dip to 6.9 per cent for a post 2008-09 recession low.