AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
In global city regions: growth is spurred by investment in the secondary sector of the economy.9/18/2023 ![]() Newfoundland, are also important economic generators. The port of Halifax, and to a lesser extent the ports of Saint John, New Brunswick, and St. ![]() Despite the devastating closure of the northern cod fishery inġ992 - the largest industrial layoff in Canadian history - fishing and fish processing remains a major economic activity in the Atlantic region ( see Cod Moratorium of 1992). Newfoundland and Labrador, once the weakest economic province in the Atlantic region, has benefited in recent years from the development of its coveted minerals, hydroelectric capacity and offshore oil, and is now regarded as an above-average performer in terms of per-capita GDP output. Although this was roughly the same percentage as 20 years ago, the make-up of that number has changed dramatically. Together they accounted for $123 billion, or about 5.5 per cent, of Canada’s gross domestic product (GDP) in 2018. Prince Edward Island and Nova Scotia) have produced below-average per-person (per capita)Ĭontributions to Canada’s economy in recent decades. ![]() The four Atlantic provinces ( Newfoundland and Labrador, New Brunswick, ![]()
0 Comments
Read More
Leave a Reply. |