Economic Functions:
Halifax: When Halifax was first discovered it was a very active fishing town. The location made it a great place to come together and make a living. This is still the same today even though the cod industry has spiraled down, Halifax is still striving in other areas.
Bridgetown: In the early ages, Bridgetown was a sight for battles. Now Bridgetown has many logging companies.
Windsor: Windsor was mainly a place for shipbuilding in the harbour. Now it has been split into little municipalities and is mostly just neighbourhoods.
Cape Breton: Many fishermen used to live in Nova Scotia. Now it is mostly tourism and many people have summer homes there.
Sydney: Sydney is in Cape Breton and had coal mines. Now it is a large industrialized area and the coal mines surrounding it are dying down.
Taxes:
In Nova Scotia, sales tax called HST is charged on most goods and services. HST is a combination of GST (goods and services) and PST (provincial sales). It is 15% of the total cost of the item or service being charged.
Major Economic Sectors:
In the primary industries, agriculture, fishing, mining, forestry and natural gas extraction are major resources. The agriculture is mainly in the area of the Musquodoboit Valley with a total of 150 farms, 110 of which are family owned. This is all in the Halifax Regional Municipality (HRM). Forestry is also a more common resource, with 21 sawmills in the Eastern shore area.
In the secondary industries, HRM is a large regional manufacturing centre. Exporting of beer, engine manufacturers and passenger and cargo traffic at Halifax International Airport have an increasing significance in the regional economy.
Tertiary industries include many influxes of of banking and financial service- related employment in recent years and also municipality in call centres, computer and information technology firms located in HRM.
Economic Regions:
-Nova Scotia is situated in the Atlantic Region along with New Brunswick and Prince Edward Island. With the natural harbour from being along the coastline, Nova Scotia has a very good system of trade with Europe and the United States. In the early days, places along the Atlantic Region were mainly used for fishing, hunting, and farming. Today, since the cod industry has collapsed, many communities are hoping that there will be a turn around and they will recover. In the mean time the oil fields are showing great potential and the agricultural industry has prospered.
Halifax: When Halifax was first discovered it was a very active fishing town. The location made it a great place to come together and make a living. This is still the same today even though the cod industry has spiraled down, Halifax is still striving in other areas.
Bridgetown: In the early ages, Bridgetown was a sight for battles. Now Bridgetown has many logging companies.
Windsor: Windsor was mainly a place for shipbuilding in the harbour. Now it has been split into little municipalities and is mostly just neighbourhoods.
Cape Breton: Many fishermen used to live in Nova Scotia. Now it is mostly tourism and many people have summer homes there.
Sydney: Sydney is in Cape Breton and had coal mines. Now it is a large industrialized area and the coal mines surrounding it are dying down.
Taxes:
In Nova Scotia, sales tax called HST is charged on most goods and services. HST is a combination of GST (goods and services) and PST (provincial sales). It is 15% of the total cost of the item or service being charged.
Major Economic Sectors:
In the primary industries, agriculture, fishing, mining, forestry and natural gas extraction are major resources. The agriculture is mainly in the area of the Musquodoboit Valley with a total of 150 farms, 110 of which are family owned. This is all in the Halifax Regional Municipality (HRM). Forestry is also a more common resource, with 21 sawmills in the Eastern shore area.
In the secondary industries, HRM is a large regional manufacturing centre. Exporting of beer, engine manufacturers and passenger and cargo traffic at Halifax International Airport have an increasing significance in the regional economy.
Tertiary industries include many influxes of of banking and financial service- related employment in recent years and also municipality in call centres, computer and information technology firms located in HRM.
Economic Regions:
-Nova Scotia is situated in the Atlantic Region along with New Brunswick and Prince Edward Island. With the natural harbour from being along the coastline, Nova Scotia has a very good system of trade with Europe and the United States. In the early days, places along the Atlantic Region were mainly used for fishing, hunting, and farming. Today, since the cod industry has collapsed, many communities are hoping that there will be a turn around and they will recover. In the mean time the oil fields are showing great potential and the agricultural industry has prospered.
Type of Provincial Economy:
In this table it shows the commodities accounted for cash receipts in 2013. When combined, they make up 58% of the cash receipts for dairy, fur and poultry and then when eggs, blueberries, field vegetables, cattle and apples account for 22% of the cash receipts in 2013.
In this table it shows the commodities accounted for cash receipts in 2013. When combined, they make up 58% of the cash receipts for dairy, fur and poultry and then when eggs, blueberries, field vegetables, cattle and apples account for 22% of the cash receipts in 2013.
As shown here, the economy in Nova Scotia is slowly increasing, but there was a point in 2010 when the total revenue decreased before it began to increase again.
Employment/Unemployed:
Thousands: Rates:
Employment: March- 446.0 April- 443.0 employment: March- 56.9 April- 9.3
Unemployment: March- 45.8 April- 44.8 unemployment: March-56.5 April- 9.2
US Involvement:
Nova Scotia’s trade with the United States grew once there was less sign of British ships sailing over. Nowadays, Nova Scotia deals with the United States the same way most of Canada does; they keep close ties and try to keep a good relationship with them.
Thousands: Rates:
Employment: March- 446.0 April- 443.0 employment: March- 56.9 April- 9.3
Unemployment: March- 45.8 April- 44.8 unemployment: March-56.5 April- 9.2
US Involvement:
Nova Scotia’s trade with the United States grew once there was less sign of British ships sailing over. Nowadays, Nova Scotia deals with the United States the same way most of Canada does; they keep close ties and try to keep a good relationship with them.