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Sunday, September 25, 2011

Board Of Trade Has A Role In Tackling Emerging Markets

The Saint John Board of Trade says when it comes to getting into the global market, they can help their members make it happen.

Bank of Canada Governor Mark Carney says businesses in the province should look towards emerging markets given the recent economic downturn in the U.S.

BOT chairman John Warrington tells CHSJ News he agrees with that assessment -- he believes the BOT can educate members on how to begin tackling those markets
Bank of Canada Governor Mark Carney says China is one emerging market that we should look at.

Lornville Cove Could Be Home To Future Barge Site

General Manger for Saint John Industrial Parks Brian Irving says a tenative location has been selected in the Lornville Cove area for a barge site.

He says the site is suitable because of water depths and a road that can accommodate transporters moving oversized components.

Irving tells CHSJ News the the export market for large fabricated metal pieces is very significant -- up to ten of thousands of man-years.

However, Irving says there is still work plenty of work ahead, such as community approval, engineering designs, and permits.

The estimated cost of the project is 6 million dollars and he says he has an aggressive timeline in mind - he would like the project to be completed in 2012.