Overview
- The AV Nackawic pulp mill is expected to shut on Nov. 4, putting 228 unionized workers out of work and threatening hundreds more jobs and roughly $35–$40 million in annual local economic activity.
- Local business owners and municipal leaders say the loss will cut household incomes, reduce spending at shops and services, and are pursuing industrial-park expansion and site reuse to attract new employers.
- Fredericton’s Vimy Forge has formed a formal partnership with Toronto’s MaRS to help Canadian founders compete for billions in projected federal defence procurement after Ottawa reached a 2% of GDP defence spending target.
- Vimy Forge received $977,000 from Ottawa in February to mentor companies and build sovereign technology capacity, and MaRS will supply commercialization and capital expertise to create on-ramps for defence-focused start-ups.
- Provincial social responses include Bathurst council moving forward with rezoning for a 64-unit affordable housing project and the release of a student-wellness survey showing large gaps by socioeconomic status, such as only 35% of low-income students rating their health very good or excellent versus a 51% provincial average.