More than just fishing - breaking down the diverse and vibrant Atlantic Canadian economy

When they think about the economy of Canada’s Atlantic provinces — New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador — no doubt many Canadians’ minds first go to the fishing industry. But it's so much more than that. In fact, the Atlantic economy has taken on a new sense of vibrancy and diversity in recent years. Scotiabank’s Atlantic Regional Senior Vice President Nicola Ray Smith and David Chaundy, the President and CEO of The Atlantic Economic Council, join us to help break down the current state of the economy in Atlantic Canada. 

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Key moments this episode: 

1:54 – David gives us a snapshot of the Atlantic Canadian economy 

4:22 – What Nicola is hearing from her clients about the general mood around the Atlantic Canadian economy 

6:18 – David gives a surprising stat about the Atlantic Canada fishing industry and a primer about what other industries play a significant role 

9:24 – What sector is a growth area in the region? 

9:53 – What other Canadians may be surprised about when it comes to the Atlantic Canadian economy 

13:40 – How population growth and shifting demographics factor into the economics of the region 

17:35 – Both guests tell us what they see as the biggest challenges are for the Atlantic provinces from an economic perspective, as well as the biggest opportunities 

22:56 – Nicola reflects on the significance of Scotiabank’s history in the region