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New Brunswick's bold economic plan targets growth amid U.S. tariff pressures

Can a province under trade pressure rewrite its economic future? Premier Holt's plan bets on productivity, exports, and private investment to turn challenges into opportunities.

The image shows an old map of the city of New Brunswick, Quebec, with the dominion of Canada...
The image shows an old map of the city of New Brunswick, Quebec, with the dominion of Canada clearly visible. The map is framed with text, providing further details about the city.

New Brunswick's bold economic plan targets growth amid U.S. tariff pressures

Its new economic development strategy released today calls for increasing productivity, attracting investment and helping New Brunswick companies reach new markets.

Analysts say the Maritime province has been among the hardest hit by U.S. tariffs, particularly its forest and energy sectors.

The Liberal government says it will advance major nation-building opportunities to strengthen New Brunswick's position within Canada and the world.

Premier Susan Holt says her government's job is to make sure the province's economy is competitive, resilient and ready for future challenges.

The government says that between 2025 and 2030, it wants to increase labour productivity by 3.3 per cent, raise private-sector capital investment by 16.8 per cent, and increase the volume of exports by 3.9 per cent.

"Government does not create growth on its own; people and businesses do," Holt said.

"Our role is to remove barriers, make smart investments, and work as a team to turn the opportunities in front of us into real results for New Brunswickers."

This report by The Canadian Press was first published April 23, 2026.

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