Newfoundland & Labrador becomes "have" province

It's confirmed: Newfoundland and Labrador will not be receiving equalization payments from Ottawa, the first time since Newfoundland became a province.

Newfoundland and Labrador, riding high on its offshore oil operation Hibernia, has now become a "have" province.

Harper gov't reshuffles cabinet, brings another east coast MP into fold

On the heels of the Canadian federal election held earlier this month, Prime Minister Stephen Harper has reshuffled his cabinet, placing Gail Shea, the newly elected MP for Egmont, PEI as the new Minister of Fisheries and Oceans. Shea is the first PEI Conservative member to be federally elected in two decades.

Peter MacKay, MP for Central Nova, NS remains at his position as Minister of Defence and the Atlantic Canada Opportunities Agency.

New Brunswick Innovation Foundation launches $250,000 business plan competition

FREDERICTON (NB) - The New Brunswick Innovation Foundation <http://www.nbif.ca/breakthru> is again on the search for the province's next great entrepreneur. Breakthru - New Brunswick's Business Plan Competition launches today with up to $250,000 in seed investments and professional services for the three top business pitches and plans.