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Monday, November 11, 2013

Sparks Of Hope In Economic Forecast

It's not all doom and gloom for the economic fortunes of our province.

The Atlantic Provinces Economic Council does not paint a pretty picture when speaking of the zero growth this year due in part because of the closure of a mine up north.

Senior Policy Analyst Fred Bergman says there are some projects that they could not factor in.

He says the Oxford announcement of a 184 million-dollar investment into blueberry processing and production in the province. 

He says that will cushion the chances it will be positive.

Bergman says the Trans Canada Pipeline project should it go forward is valued at about 2.2 billion-dollars.