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Tall Ships 2012 expected to have ‘enormous’ economic impact

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Tall ships are slated to fill the sails of the local Nova Scotian economy next summer. The event will be similar in size to the 2009 tall ships event that generated about $32.8 million in direct and indirect spending around the province, said Colin MacLean, president of the Waterfront Development Corp. An overview provided by the provincial Crown agency indicates …

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Nova Scotia Home sales rise in Q3

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Residential sales and listings were up across the province in the third quarter, according to figures released Friday by the Nova Scotia Association of Realtors. From July to September there were 1,583 homes sold in the Halifax-Dartmouth area, an increase of 12 per cent from the same period last year. That is in line with the provincial average increase of …

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Canadian salaries expected to rise despite global economic woes

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The global economy may be in for a bumpy ride, but Canadian workers can still expect modest pay hikes in the coming year. Employees will see average salary increases of 3.1 per cent next year, the Conference Board of Canada said in its recent compensation outlook. That is similar to the 3-per-cent gain last year. Employers are “optimistic, but guarded, …

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Halifax, Nova Scotia awarded $25bn shipbuilding contract

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This is the biggest ship building contract since the Second World War Halifax’s Irving Shipbuilding has been awarded the $25-billion contract to build 21 Canadian combat ships the federal government announced Wednesday 19 October. Defence Minister Peter MacKay said it was a very exciting day for the Royal Canadian Navy because the ships will help them prepare for the challenges …

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Canada has best reputation in the world

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The Reputation Institute study measures the trust, esteem, admiration and good feelings the public holds towards 50 countries, as well as perceptions of peoples’ quality of life, safety and attention to the environment. Results from 42,000 respondents worldwide ranked Canada first, Sweden next, followed by Australia, Switzerland and New Zealand. Canada has the best reputation in the world, says a …

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Canada Unemployment Rate Falls as Economy Adds 60,900 Jobs

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Oct. 7 (Bloomberg) — Canada’s economy added the most jobs in eight months in September, led by hiring at schools, bringing the country’s jobless rate to its lowest since 2008 and adding to evidence the country is averting a new recession. Employment rose by 60,900 after a decline of 5,500 in August, Statistics Canada said in Ottawa. The unemployment rate …

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