New Brunswick is among the four Atlantic provinces on the east coast of Canada. According to the Constitution of Canada, New Brunswick is the only multilingual province. About two-thirds of the population state themselves anglophones and one-third francophones. One-third of the population explains themselves as multilingual. Atypically for Canada, just about half of the population resides in urban locations, primarily in Greater Moncton, Greater Saint John, and the capital Fredericton.
Unlike the other Maritime provinces, New Brunswick’s surface is primarily forested uplands, with much of the land further from the coast, providing it a harsher environment. New Brunswick is 83% forested and less densely populated than the remainder of the Maritimes.
Being fairly close to Europe, New Brunswick was amongst the first locations in North America to be explored and settled by Europeans. In 1867, New Brunswick was one of four founding provinces of the Canadian Confederation, along with Nova Scotia and the Province of Canada (now Ontario and Quebec).
After Confederation, wooden shipbuilding and lumbering declined, while protectionism interrupted trade ties with New England. The mid-1900s found New Brunswick to be among the poorest areas of Canada, now mitigated by Canadian transfer payments and enhanced assistance for rural locations. Since 2002, the provincial gross domestic item was obtained as follows: services (about half being federal government services and public administration) 43%; utilities, building, and manufacturing 24%; real estate rental 12%; retail and wholesale 11%; agriculture, forestry, fishing, searching, mining, oil, and gas extraction 5%; transport and warehousing 5%. 
Tourism represents about 9% of the workforce straight or indirectly. Popular destinations include Fundy National Park and the Hopewell Rocks, Kouchibouguac National Park, and Roosevelt Campobello International Park. In 2013, 64 cruise ships called at Port of Saint John, carrying, typically, 2,600 passengers each.
Since October 2017, seasonally-adjusted work is 73,400 for the goods-producing sector and 280,900 for the services-producing sector. Those in the goods-producing markets are mostly used in manufacturing or construction, while those in services operate in social assistance, trades, and healthcare. A large portion of the economy is controlled by the Irving Group of Companies, which includes the holdings of the household of K. C. Irving. The companies have significant holdings in farming, forestry, food processing, freight transport (consisting of railways and trucking), media, oil, and shipbuilding.
The United States is the province’s biggest export market, accounting for 92% of a foreign trade valued in 2014 at practically $13 billion, with improved petroleum comprising 63% of that, followed by seafood items, paper, pulp, and sawmill items and non-metallic minerals (chiefly potash). The worth of exports, primarily to the United States, was $1.6 billion in 2016. About half of that came from lobster. Other products consist of salmon, crab, and herring. In 2015, investing in non-resident tourism in New Brunswick was $441 million, which provided $87 million in tax income.
A large number of citizens from New Brunswick are utilized in the primary sector of the market. More than 13,000 New Brunswickers operate in agriculture, shipping items worth over $1 billion, half of which is from crops, and half of that from potatoes, mainly in the Saint John River valley. McCain Foods is one of the world’s biggest manufacturers of frozen potato products. Other items consist of apples, cranberries, and maple syrup. New Brunswick was in 2015 the biggest manufacturer of wild blueberries in Canada. The worth of the animals’ sector has to do with a quarter of a billion dollars, almost half of which is dairy. Other sectors consist of poultry, fur, and goats, sheep, and pigs.
About 83% of New Brunswick is forested. Historically important, it represented more than 80% of exports in the mid-1800s. By the end of the 1800s, the industry, and shipbuilding, were decreasing due to external financial elements. The 1920s saw the development of a pulp and paper market. In the mid-1960s, forestry practices changed from the controlled harvests of a product to the cultivation of the forests. The industry utilizes nearly 12,000, creating incomes around $437 million.
Mining was historically unimportant in the province but has actually grown since the 1950s. The province’s GDP from the Mining and Quarrying industry in 2015 was $299.5 million. Mines in New Brunswick produce lead, potash, zinc, and copper.
New Brunswick is one of 4 Atlantic provinces on the east coast of Canada. According to the Constitution of Canada, New Brunswick is the only multilingual province. In 1867, New Brunswick was one of four founding provinces of the Canadian Confederation, along with Nova Scotia and the Province of Canada (now Ontario and Quebec).
The mid-1900s discovered New Brunswick to be one of the poorest areas of Canada, now alleviated by Canadian transfer payments and enhanced assistance for rural areas. New Brunswick was, in 2015, the greatest producer of wild blueberries in Canada.
865,000+ Canadian households have more than $1 million in assets.
more than $1 million
High Net Worth
more than $5 million
Very High Net Worth
more than $30 million
Ultra High Net Worth
do I need?
Immediate Financing Arrangement
Insured Retirement Plan
- Corporate Estate Planning
- Estate Bonds
- Estate Planning Checklist
- Estate Planning Checklist Canada
- Estate Planning Lawyer
- Succession Planning
- Succession Planning Best Practices
- What is Estate Planning
HNW families' goals are ESTATE and WEALTH planning rather than financial planning by focusing on tax strategies and insurance products to ensure wealth is efficiently passed on.
Life Insurance Companies
Sun Life Insurance
Canada Protection Plan
Nationwide Marketing, Operations