Fast Facts: Located off the eastern coast of Canada in the Atlantic Ocean region, Prince Edward Island is the smallest province in terms of both size and population. The capital and largest city Charlottetown.
Prince Edward Island Careers: The population of Prince Edward Island was estimated at 134,205 in a 2006 Canada Census of Population. The province maintains a 15.5% sales tax, one of the highest in Canada. A majority of jobs in Prince Edward Island revolve around the prominent tourism industry.
Prince Edward Island Economy: The economy of Prince Edward Island is based upon seasonal industries such as agriculture, fishing and tourism. In modern times, potatoes have replaced mixed farming as the province’s leading cash crop. In an effort to “go-green,” the sale of beverages in non-reusable containers has been banned on Prince Edward Island.
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Location, Location, Location: The island province is located off the eastern coast of Canada in the Atlantic Ocean region, standing as the smallest province in both land area and population.
Cities: The capital and largest city is Charlottetown.
Behind the Name: The province was originally named after Prince Edward of Great Britain, the third son of King George III and father of Queen Victoria.
A Closer Look: Prince Edward Island has two common nicknames: the “Garden of the Gulf” in reference to its rich, pastoral terrain and the “Birthplace of the Confederation” in reference to 1864 Charlottetown Conference that culminated in the creation of the Canadian Confederation.
Did You Know? The Confederation Bridge, built in 1997 to connect Prince Edward Island to the Canadian mainland, stands as the longest bridge to run over iced covered waters in the world.
Population: 134,205, 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) public administration; (3) health care and social assistance; (4) accommodation and food services; and (5) construction.
Taxes: The Canada Revenue Agency reports: a Progressive Income Tax Rate; and a 15.5% Sales Tax.
Cost of Living: The Consumer Price Index had increased to 118.5 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 The University of Prince Edward Island is joined by a variety of small trade schools and community islands as the province’s main institutions of higher learning.
In General: The economy of Prince Edward Island is focused around the seasonal industries of agricultural, tourism and fishing. Manufacturing and mining also play a crucial rule in the provincial economy.
Service Industry: A significant number of jobs are available in the services sector, which are dominated in tourist-related occupations including wholesale and retail trade and accommodation and food services.
Agriculture: Since the colonial era, agriculture has been the dominant industry on Prince Edward Island. In modern times potatoes have replaced mixed farming as the leading cash crop, as the province produces over one billion kilograms of potatoes each year.
Manufacturing: With a relative lack of raw materials and government enforcement of extremely strict non-resident land ownership rules, manufacturing activities are restrained mainly to food processing, including the production of butter and cheese.
Mining: While commercially viable mineral deposits are scarce, explorations aimed at finding natural gas beneath the eastern end of Prince Edward Island have recovered undisclosed amounts of valuable gas.
Did You Know? Prince Edward Island is ‘going green’ - the sale of beverages such as soda and beer in non-reusable containers has been banned since 1976 for environmental purposes.
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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