PROVINCE OF THE FUTURE: NOVA SCOTIA

According to the Bank of Montreal, Nova Scotia’s GDP was 1.2% in 2003, increased to 1.8% in 2004 and is forecast to hit 2.5% for 2005, a clear sign of an improving economy.

About C$840m was committed to the province in calendar year 2004, roughly C$896 per capita, as indicated by the Invest in Canada database. These figures include those that have been publicly announced in the media, although projects included must involve capital expenditures exceeding C$1m for most sectors. The exception is retail, entertainment and hotels.