Fast Facts: Nova Scotia is located along the Atlantic coast in the southeastern region of Canada. Its name is a derivation of “New Scotland” in reference to the homeland of its large Scottish population.
Nova Scotia Territories: A 2006 Canada Census of Population estimated Nova Scotia’s populations at just over 900,000. Service related jobs employ the greatest proportion of Nova Scotia’s workforce, led by wholesale and retail trade.
Nova Scotia Territories Economy: Traditionally a resource-based economy, Nova Scotia has since diversified and manufacturing is now the largest sector of the province’s economy. Today small businesses make up a significant portion of Nova Scotia’s business sector. Nova Scotia is also a Canadian leader both the defense and aerospace sectors.
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Location, Location, Location: Nova Scotia is located in Canada’s southeastern coast along the Atlantic Ocean.
Cities: The capital and largest city is Halifax, followed in size by Cape Breton – each are major economic centers.
Behind the Name: Nova Scotia, a derivation of “New Scotland,” was named after the homeland of its large Scottish population.
A Closer Look: As one of Canada’s original four provinces in 1867, Nova Scotia was actually the first British colony in Canada to become self-governing through the efforts of statesman Joseph Howe in 1848.
Did You Know? A land of firsts, Nova Scotia boasts the construction of Canada’s first printing press (1751), first newspaper (Halifax Gazette, 1752) and first university (King’s College, 1788).
Population: 903,090, as estimated by Canada Census of Population, 2006.
Business Environment: Canada was ranked 2nd of 181 countries in a 2009 “Best Country to Start a Business” by DoingBusiness.org.
Top Industries: In terms of paid employees, according to a Statistics Canada 2009 study: (1) trade; (2) health care and social assistance; (3) educational services; (4) public administration; and (5) manufacturing.
Taxes: The Canada Revenue Agency reports: a Progressive Income Tax Rate; and a 13% Sales Tax.
Cost of Living: The Consumer Price Index had increased to 116.5 in June of 2009 (from 100.0 in the Year 2002), according to Statistics Canada, 2009.
Weather: Average Temperature (in °F.) – Jan: 20; Apr: 43; July: 69; Oct: 48, according to Weather.com.
K-12: Canada ranked 2nd of 17 peer countries in a 2008 Conference Board of Canada Ranking.
College Education: US News and World Report Canadian college rankings: Dalhousie University (#12).
In General: Historically a resource-based economy, Nova Scotia has diversified its industry and agriculture in recent times. Manufacturing is the largest sector of the province’s economy, while small-businesses make up a significantly large portion of the Nova Scotia’s business.
Service Industry: Tourism is the leading sector of the service industry, as the Port of Halifax attracts over 200,000 cruise ship passengers annually. Service related industries as a whole employ the largest proportion of Nova Scotia’s workforce.
Agriculture: An important sector of Nova Scotia’s economy is its highly diverse forestry industry. Dairy and livestock products are leading agricultural commodities, followed by various horticulture crops and processed fruits and vegetables.
Manufacturing: Processed foods, automobiles and construction materials are the leading sectors of Nova Scotia’s prominent manufacturing industry. Halifax maintains an all-year port system that is integral to its export industry and is also a railroad terminus.
Mining: A historically crucial economic enterprise, mining is still an important facet of Nova Scotia’s economy. Coal is a leading mined product, along with natural gas and oil from valuable offshore reserves.
Fishing: Nova Scotia has relied heavily upon its fishing industry throughout its existence, although decades of overfishing have had detrimental effects on its prominence in recent times. In general lobsters and scallops are the biggest catch.
Did You Know? Nova Scotia boasts a highly lucrative defense and aerospace sector, leading all Canadian provinces in each field.
Sources: In addition to specific citations noted in this “Career Information” section, supplementary source materials include: Canada Statoids; Infoplease.com; and Wikipedia.com.
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