Business Insurance in Newfoundland and Labrador
Business in Newfoundland and Labrador is strong thanks to an economic shift that has turned it from a “have not” to a “have” province. Fishing is still key, and there is great expansion in iron ore in Labrador. However, the biggest impact has been the addition of a robust offshore oil and gas industry thanks to discovery of Hibernia field in the Jeanne d’Arc Basin of the Grand Banks. Three new finds – Terra Nova, White Rose and Hebron – are adding to the boom.
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