The province will fund a study looking at relocating the Waterville Municipal Airport to support future potential expansion of the Michelin Tire Plant. The study will cost up to $100,000 and will be conducted in co-operation with Michelin and Municipality of the County of Kings. “The province continues to explore opportunities that will grow the province’s economy and create good jobs for Nova Scotians,” said Premier Darrell Dexter. “The Waterville plant is marking 30 years of production this year and the province looks forward to continued growth in the years ahead for Michelin.” The study will be completed by the end of summer. “Attracting, retaining and growing businesses like Michelin requires hard work, and we’re ready to get that work done,” said Warden of Municipality of the County of Kings Diana Brothers. “A successful feasibility study will show a way to support and promote Michelin’s growth and the needs of the airport. I’m confident we’ll find a win-win way to do it.” Through jobsHere, the province is committed to helping companies compete in an increasingly global market, creating good jobs for Nova Scotians across the province. Michelin employs about 3,500 people in Nova Scotia, including 1,200 at the Waterville plant.
These are indicative wholesale rates for foreign currency provided by the Bank of Canada on Tuesday. Quotations in Canadian funds.Australia dollar 1.0063Brazil real 0.3998China renminbi 0.1943Euro 1.4771Hong Kong dollar 0.170077India rupee 0.02056Indonesia rupiah 0.0001000Japan yen 0.01190Malaysia ringgit 0.3097Mexico peso 0.07321N.Z. dollar 0.9605Norway krone 0.1553Peruvian new sol 0.4053Russia rouble 0.02230Saudi riyal 0.3538Singapore dollar 0.9548South Africa rand 0.10145South Korean won 0.001162Sweden krona 0.1511Switzerland franc 1.3604Taiwanese dollar 0.04358Thailand baht 0.03900Turkey lira 0.3747U.K. pound 1.6756U.S. dollar 1.3267Vietnam dong 0.000058