Saint John Business News

Explore the latest news, developments, and insights from the Saint John business community. Our Business category covers entrepreneurship, corporate news, economic trends, and opportunities that shape the local economy.

Irving Oil Prepares for Leadership Change as CEO Jeff Matthews Retires

October 27, 2026

Irving Oil faces a major leadership shift this week. After 32 years with the company, outgoing president and CEO Jeff Matthews retires on Friday. European energy executive Alfred Stern takes over the top job on November 1. According to a recent report from CTV News, Matthews leaves the Saint John based energy company in a […]

Atlantic Canadian Business Fights Back Against US Tariffs With New Strategy

October 14, 2026

When United States tariffs threaten your business, you have to adapt quickly. That is exactly what one Atlantic Canadian manufacturer is doing to protect its workers and its revenue. According to CTV News, Trout River Industries in Prince Edward Island is shifting its focus away from the American market and looking toward domestic and European […]

High Shipping Costs Trap Heavy Oil in the Americas While Europe Starves for Fuel

October 13, 2026

If you live in a port city like Saint John, you see oil tankers moving through the harbour regularly. Right now, a massive bottleneck in the global shipping industry is changing what those ships carry and where they go. Dense heavy crude oil is piling up across North and South America. At the same time, […]

Nackawic Mill Closure Leaves Hundreds of New Brunswick Workers in Shock

September 23, 2026

If you live in New Brunswick, you know how vital the forestry sector is to the local economy. The upcoming closure of the AV Nackawic pulp mill is sending shockwaves through the province. Late last week, AV Group NB Inc. announced it will temporarily idle its facility by November 4. This decision impacts roughly 350 […]

Irving Oil Names Former European Energy Executive Alfred Stern as New CEO

September 22, 2026

If you live in Saint John, you know the impact of Irving Oil on the local economy. Now, the company has a new leader. Irving Oil announced Alfred Stern will take over as president and CEO this fall. Stern brings three decades of experience in the global energy sector to Canada’s largest refinery. Alfred Stern […]

Belledune Power Plant Ditches Coal for Wood Pellets to Cut Emissions

September 18, 2026

If you live in New Brunswick, you will soon see a major shift in how your electricity is generated. The Belledune generating station will stay open past 2030 by swapping coal for sustainable wood and hemp pellets. According to a recent report from CBC News, NB Power secured agreements with local and national producers to […]

New Brunswick Pulp Mill Halts Operations Leaving Hundreds Out of Work

September 18, 2026

If you live in the Nackawic area, a major employer in your community is halting operations this fall. AV Group NB Inc. announced it will temporarily idle operations at its Nackawic pulp mill by the end of October. The company blames ongoing market challenges and broader economic factors for the closure. According to a report […]

NB Power Takes Point Lepreau Offline Three Days After Reconnecting

September 17, 2026

The Point Lepreau Nuclear Generating Station in this undated file photo. (Mike Cameron / CTV Atlantic) NB Power took the Point Lepreau Nuclear Generating Station off the grid on September 11. This shutdown comes just three days after crews reconnected the facility following previous repairs. According to a report from CTV News Atlantic, the latest […]

Sisson Mine Cost Triples to $1.5 Billion as CEO Promises Strict Environmental Compliance

September 16, 2026

If you follow New Brunswick mining developments, you know the Sisson Mine project has been a long time coming. Now, the proposed tungsten and molybdenum mine northwest of Fredericton comes with a much higher price tag. According to a recent feasibility study reported by CBC News, the estimated cost has jumped from $579 million in […]

Heavy Water Leak Forces Second Point Lepreau Shutdown This Month

September 16, 2026

The Point Lepreau Nuclear Generating Station is offline for the second time this month. A heavy water leak on an instrumentation line forced the closure. Point Lepreau nuclear plant. Source: CBC News Understanding the Leak The leak occurred in the heat transport system. This system uses heavy water to carry heat from the reactor to […]