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Sparks Fly Over Atlantic Co-Op Loan Guarantee

Provincial Economic Development Minister Rick Doucet is accusing the Opposition Conservatives of trying to politicize the bankruptcy of Atlantic Co-Op.

The Conservatives have attacked the governing Liberals for a 7.5 million dollar loan guarantee given to Atlantic Co-Op before it went bankrupt.

Doucet says the Conservatives are being hypocritical because successive provincial governments have invested in Atlantic Co-Op and denounces the attacks as “shameful”.

400 employees with Atlantic Co-Op were laid off including 290 in New Brunswick. Co-Op stores in Moncton and Grand Bay-Westfield were closed.

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May 2, 2026
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