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Port of Halifax pumps $1.5 billion into economy: Report

HALIFAX, N.S. -- The Port of Halifax released the results of a study yesterday that suggest the port injects a...


HALIFAX, N.S. — The Port of Halifax released the results of a study yesterday that suggest the port injects about $1.5 billion into the local economy each year.

 

The findings include port-related industries such as trucking and rail.

 

The study suggests the direct spin-offs from the port include: $1.58 billion in gross output; $671 million in Gross Domestic Product (GDP); and 11,190 full-time jobs resulting in $504.7 million in wages and salaries.

 

The average wage for port-related employees was $45,100 – about 29% above the provincial average, the study said.

 

CN and related rail service providers contributed $170 million towards the port’s economic output and long-haul and local trucking activity added $160 million, according to the study.


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