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Growth projected

New Brunswick’s economy will grow by 2.2 per cent in 2008, the Conference Board of Canada projects. Strong mining and construction activity will offset trouble in the forestry sector, the Ottawabased think tank projects in its Provincial Outlook Economic Forecast: Winter 2008. The economy in Nova Scotia will grow by 2.6 per cent, Prince Edward Island by 1.9 per cent, Newfoundland and Labrador by 1.5 per cent, the Conference Board projects.

Manitoba will lead Canada with growth of 3.7 per cent, says the Conference Board.

Français : Le développement dans le domaine minier et les projets de construction compenseront les lacunes dont fait face le secteur de la foresterie. On prévoit que l’économie néo-brunswickoise affichera une croissance de 2,2 pour cent en 2008.

Fredericton hiring

People looking for work might try Fredericton, judging from the latest Manpower Inc. Survey data indicates that 43 per cent of employers in the provincial capital intend to hire more people in the months of April, May and June, while only three per cent intend to shed employees. In Saint John, 23 per cent intend to hire, three per cent to shed employees.

In Moncton, 37 per cent indicated they would hire more and seven per cent that they would shed employees.

Français : Environ 43 pour cent des employeurs de la capitale provinciale entendent embaucher plus de gens en avril, mai et juin.

Miner reports find

Drill results confirm a wide zone of tungsten and molybdenum north of Boiestown, says a Vancouver company. First Narrows Resources Corp. (TSX-V: UNO) reports mineralization averaging 19.3 parts per million tungsten, 141 parts per million molybdenum, over nine metres in one hole, and 252.02 parts per million tungsten, 1056 parts per million molybdenum, over 6.2 metres in another. These results came from three holes drilled in late fall, on the same section of Dungarvon Granite on First Narrows’ Falls Creek property where First Narrows drilled four holes last summer.

Français : First Narrows Resources, de Vancouver, a déclaré que des tests de forage au nord de Boiestown ont confirmé la présence de tungstène et molybdène.

Fellow named

Brian Lee Crowley, founding president of the Atlantic Institute of Marketing Studies, will join the Galen Institute as a visiting fellow.

The Galen Institute think tank, based in Virginia, promotes competition in the health care sector. Crowley returned to his duties at AIMS after a year and a half secondment in Ottawa as the Clifford Clark Visiting Economist with the federal Department of Finance.

Français : Brian Lee Crowley, président fondateur de l’Institutd’étudesenmarketing de l’Atlantique, se joindra à l’Institut Galen, qui fait la promotion de la compétition au sein du secteur des soins de la santé.

Fund announced

Entrepreneurs in New Brunswick now have better access to venture capital thanks to the new $1-million CBDC Exchange Venture Capital Fund. Robert Bowles, executive director of the Community Business Development Corporation Southwest, announced the fund, also called CBDCX, at a forum for investors in Fredericton on Wednesday.

CBCD Southwest and the Atlantic Canada Opportunities Agency are co-sponsoring the fund.

Français : Les entrepreneurs du Nouveau-Brunswick ont maintenant un meilleur accès à du capital-risque grâce à un fonds de 1 $ million de la part du CBDC.

Deadline Monday

The deadline has passed for New Brunswick Entrepreneurs to apply to take part in the G. Wallace McCain Institute Cohort Program. The program will bring together exceptional entrepreneurs with practical business experience, says institute executive director Nancy Mathis. Participants will meet monthly for a year.

Sessions will include guest speakers, workshops and the opportunity to share experiences and insights. The program is open to those who have been running their own business for several years, and are dedicated to keeping their head office in New Brunswick.

Français : Le Programme de cohorte de l’Institut G. Wallace McCain réunit des entrepreneurs exceptionnels qui comptent de l’expérience pratique en affaires.

Export seminar held

Department of Homeland Security officials gave a group of New Brunswick exporters first-hand information on selling into the United States.

Agriculture and Agri-Food Canada, Enterprise Carleton and Business New Brunswick organized the Border Busters Seminar in Houlton, Maine. The Canadians attending numbered 13 including representatives from six businesses. Besides potatoes and seafood, the organizers stretched the definition of food to include Christmas trees. Four American officials spoke.

Français : Treize Canadiens, incluant des représentants de six entreprises, ont participé à un séminaire récemment afin de se renseigner davantage sur les possibilités d’augmenter les exportations aux États-Unis.

Corridor finds gas

Corridor Resources Inc. encountered “significant shows of natural gas” during its March drilling program west of Penobsquis. The Halifax-based junior resource company found this gas in the Hiram Brook ‘B’ sand and in natural fractured shale within the Frederick Brook formation, according to a news release. The Hiram Brook ‘B’ sand has been cased for fracturing and completion later. Corridor announced this result of drilling and logging at the McCully E-67 well in which the Potash Corporation of Saskatchewan has a 50 per cent working interest. The J-38 well began production at three million standard cubic feet per day.

Français : Selon Corridor Resources Inc., un programme de forage en mars dernier a démontré une présence significative de gaz naturel à l’ouest de Penobsquis.