Halifax: Canada’s Ocean City
Halifax is the capital city of the province of Nova Scotia, Canada
- Primary economic engine for Atlantic Canada - 20% of the region’s GDP
- Strategically located between major North American, European and Asian markets
- Ranks 8th in International Business Cost Competitiveness (KPMG, Competitive Alternatives 2016).
Halifax has one of the most diverse economies in Canada with a number of strong industries.
OceansHalifax is a world leader in oceans research and technology, a growing sector generating $4.5 billion in GDP in Nova Scotia and employing 14% of the province's workforce. Nova Scotia has the highest concentration of oceans-related PhDs in the world.
Transportation and LogisticsBuilt for speed and volume, the Halifax Gateway is a strategic North American location for the efficient movement of goods and people globally. It includes the Halifax Stanfield International Airport, the International Port of Halifax, CN Rail, a strong logistics and warehousing sector, and excellent class 1 highway infrastructure.
Aerospace and DefenceNova Scotia’s commercial aerospace and defence sector, with locations throughout the Province, employs 3,000 people and generates more than $850 million in revenues each year. Add the Department of National Defence (DND) to the mix, with an additional workforce of 14,439 and annual expenditures of $1.7 billion, and you will see why Nova Scotia can compete with jurisdictions worldwide.
Sources: DND Estimated Expenditures by Electoral District and Province FY 2013-14; Dept of Business LEAD Profile, Aerospace & Defence.