Ocean Waves: Cold Ocean Innovation on the Edge

Newfoundland and Labrador’s vast ocean expertise will be celebrated in St. John’s during Innovation Waves. Hosted by Oceans Advance from December 1st – 3rd, 2025, this is an industry showcase focused on cutting-edge cold ocean technologies and applications.

This three-day event brings together innovators, researchers, and industry leaders tackling the toughest challenges of cold oceans and highlighting solutions tailored to the unique challenges and opportunities of cold ocean environments. From sustainable fisheries, marine defence, and offshore energy to ocean observation, aquaculture, subsea robotics, and Arctic exploration – the opportunities are here and this conference is a gateway to ocean innovation in one of the world’s most rugged and resource-rich regions.

 

In addition to expert panels, keynotes and B2B sessions, the conference agenda is enhanced with exclusive tours of world-class test facilities and local industry tours.

 

City Initiatives

 

Business Basics: Starting a Business in St. John’s Virtual Info Session

Global Entrepreneurship Week (GEW) returns November 17th-23rd, a week to celebrate entrepreneurs – especially those who face structural barriers or who may have never considered the possibilities of owning a business. The theme for GEW in 2025 is "Together We Build" and shines a spotlight on the collective power of community, collaboration, and shared ambition.


To mark Global Entrepreneurship Week, the St. John’s Business Information Centre will be presenting on November 18 at Business Basics: Starting a Business in St. John’s info session hosted by the Ukrainian National Federation (UNF)-Avalon branch.  


This event is also your chance to learn about Futurpreneur Canada, a national organization that provides financing, mentoring and resources to young aspiring business owners aged 18-39 including specialized programs for groups like newcomers and Indigenous youth, who will also be on hand highlighting their offerings.


The session will start off with an overview of the entrepreneurial services offered by the City of St John’s through the Business Information Centre. Topics will include how to locate data and statistics to support your business plan, as well as an overview of the municipal permits and inspections required at various stages of business development.

Interested entrepreneurs can register here for this free virtual event.


Thank you to the team at UNF-Avalon for inviting us. The City of St. John’s is proud to support a startup ecosystem where entrepreneurs can get access to workshops and digital resources achieve their small business goals in our province.

 
News Briefing
 

Canada Summer Jobs 2026 - Applications now open

The federal Canada Summer Jobs program Call for Applications launched November 4 -- even earlier than typical --- giving local businesses and non-profit organizations a valuable opportunity to access wage subsidies for hiring youth next summer. Eligible employers must be able to provide a quality work experience that helps youth develop skills, gain work experience, and improve access to the labour market. Don't miss out on this opportunity to get additional labour next year at a reduced cost to your business. The deadline to apply is December 11, 2025.

Spellbook capital raise

St. John’s founded legaltech startup Spellbook has secured $50 million USD ($69.9 million CAD) in Series B funding. Spellbook provides an artificial intelligence (AI)-powered contract review software for lawyers. The startup now holds a $350 million USD valuation and has raised over $80 million USD to date. The funding will support the expansion of Spellbook’s AI-powered contract review platform, aiming to scale its team from 115 to 230 employees and extend its offerings beyond contract review.  

 

Government of Canada Business Supports

Are you registering a business with the CRA?

The Canada Revenue Agency (CRA) has enhanced their online content on business registration with the CRA to make the process clearer and easier for businesses to get started with the CRA. The updated step-by-step guidance helps users prepare, register for a business number, and open CRA program accounts – all through easy-to-use self-serve digital options that save time and reduce the need to call them.

 

Upcoming Courses and Events

 

Book your spot!

Co. Innovation Centre and econext are hosting Cleantech Connect, a four-part innovation series spotlighting clean technology in Newfoundland and Labrador. Register for all sessions: https://coic.co/events/month/2025-11/

  • Nov 13 - SEM
  • Nov 20 - Oil Filtration Solutions Ltd.
  • Nov 27 - Copsys Technologies Inc.
  • Dec 4 - Angler Solutions Inc. 


Nov 13 Canadian Manufacturers & Exporters NL Manufacturing Insights Conference

Nov 13 Horizon TNL AGM & 25th Anniversary event

Nov 13-15 Nature Newfoundland and Labrador 2025 ENGO Summit NL

Nov 13 Genesis Startups 101

Nov 14-15 North Atlantic Fish & Workboat Show

Nov 17-22 Centre for Social Enterprise Social Enterprise Week 

Nov 19 Expertise Hub Cooperative Business Planning and Financing with Futurpreneur & MBO

Nov 20 Hospitality NL Belong: Accessible Tourism Workplaces

Nov 25 Board of Trade State of the Province

Nov 25 Genesis Ignite Problem Discovery Toolkit

Nov 25 Memorial University Student Design Showcase Pitch & Pick

Nov 26 Municipalities NL PLACE Dialogues: Seeing New in the Old, Through a Sea of Possibility

Nov 27 Board of Trade 2025 Business Awards

Nov 28 HeyOrca St. John's Community Summit 2025

Nov 29 DevFest St. John's 2025

 

Questions about Starting a Business?

 

Starting a Business in St. John's guide now available in Ukrainian

Do you have questions about how to start a business? Our Starting a Business in St. John's guide can help simplify the process of starting your new venture.


In partnership with the Ukrainian National Federation of Canada-Avalon Branch the business startup guide is now available in Ukrainian in addition to French and English. Visit the 'Business and Investment' section of stjohns.ca to download your free copy.


Цей посібник також доступний українською.

 
Latest Economic Indicators
 

City building permits November 4, 2025


Commercial permits

Up 45% from $99,249,094 in 2024 to $143,891,845 in 2025


Industrial permits

Valued at $5,069,500 for 2024 and $896,150 for 2025


Government/institutional permits

Down from $40,118,071 in 2024 to $8,525,853 in 2025*


Residential permits

Down -20% from $104,957,853 in 2024 to $83,490,484 in 2025 


Repair permits

Up 35% from $985,269 in 2024 to $1,330,700 in 2025


Total value of all permits for 2025

Down -5% to $238,138,032 for 2025 from $250,379,787 for 2024


*This data does not include the full range of permit activity undertaken by the provincial government and Memorial University.

Business approvals

Bright Haven indoor sensory playground, 22 O’Leary Avenue   

Full Throttle Rentals, 64 Pippy Place

Final POS Inc., 251 Water Street

Ornaments By Santa Kiosk, 48 Kenmount Road

Liquidation NL, 2 Lemarchant Road

NL Council of Health Professionals, 38 Duffy Place

Aura night club, 371-373 Duckworth Street

TrajectorE, 100 New Gower Street

Balloons Beyond, 25 Stavanger Drive



Home-based businesses

Family home childcare, 7 Eastaff Street



Total business approvals 2025 = 150 (regular = 119 and home-based = 31)

Labour force characteristics as of October 2025



Labour force – 138,100 (up 5.5%)


Unemployment rate – 7.4% (up 0.8ppts)


Employment – 127,900 (up 4.6%)


Participation rate – 66.7% (up 2.2ppts)


St. John's CMA, seasonally adjusted, three-month moving average. Percentage change reflects the same month previous year. Source: Statistics Canada.

Economic indicators


The New Housing Price Index for St. John’s Metro was 109.8 in September 2025 (up 2.5%*)


The Consumer Price Index for St. John’s Metro was 164.6 in September 2025 (up 2.0%*) 


Retail trade for Newfoundland and Labrador was $1,057 million in August 2025 (up 1.5%*)


*St. John's CMA, same month in the previous year. Source: Statistics Canada