Minister Fraser Announces Economic Growth Initiative in Atlantic Canada
Halifax, Tuesday, 25 November 2025.
On November 24, 2025, Minister Fraser launched a crucial growth initiative in Halifax, supported by ACOA, aiming to boost Atlantic Canada’s economy by fostering investment and job creation.
The Initiative’s Strategic Framework
The new economic growth initiative, unveiled by Minister Sean Fraser in Halifax, is a collaborative effort that aims to invigorate the economy of Atlantic Canada. This initiative is spearheaded by the Atlantic Canada Opportunities Agency (ACOA) and involves the formation of the Atlantic Economic Panel, a group of seven prominent business leaders tasked with identifying opportunities and barriers to economic growth in the region [1].
Panel Composition and Goals
The Atlantic Economic Panel, led by Don Mills, includes distinguished figures such as Cathy Bennett, Joyce Carter, Mike Cassidy, J. Scott McCain, Chief Terry Richardson, and Anne Whelan. These leaders bring extensive experience from various industries, including transportation, technology, agriculture, and public policy [1][2]. Their mission is to engage with local communities and businesses throughout 2026 to develop strategic recommendations that will be submitted to the government by September 2026 [1][2].
Projected Economic Impact
The initiative focuses on enhancing key sectors such as technology, agriculture, fisheries, and tourism, which are vital to Atlantic Canada’s economy. ACOA has allocated substantial budgets to these sectors, with agriculture and fisheries receiving 388 million CAD and 825 million CAD, respectively [3]. These investments are expected to bolster local employment rates and contribute to overall economic stability [3].
Long-term Vision for Atlantic Canada
Minister Fraser emphasized the transformative potential of this initiative, stating that it aims to position Atlantic Canada competitively on both national and global stages. This effort reflects a proactive approach to overcoming regional economic disparities and fostering sustainable growth. The initiative’s success will depend on effective collaboration between government, business leaders, and local communities [3].