PC Statement on NSLC 2nd Quarter Earnings

The following is a statement from Progressive Conservative Leader Tim Houston regarding the Nova Scotia Liquor Corporation (NSLC) second quarter financial results:

“Premier, give the money back to the many Nova Scotia bars and restaurants struggling to survive. Thank you.”

 

 

Quick Facts:

 

While other provinces have introduced innovative policies such as tax incentives for meals and accommodations, the Liberal government’s inaction has impacted restaurants’ financial recovery.

 

In May, Progressive Conservatives suggested a $200 tax credit to help the ailing hospitality sector.

 

On June 16, 2020, a NSLC release was quoted as saying:

"Fear of store closures in the early days of the pandemic combined with the closure of restaurants and bars created increased traffic in NSLC stores and Agency Stores."

 

October 27, 2020, a NSLC release was quoted as saying:

“It was a very strong quarter with a 6.3 per cent increase in sales to $216.6 million with $194.5 million in beverage alcohol sales and $22.1 million in cannabis sales. This growth was driven by customers purchasing more from NSLC stores given the pandemic restrictions in place at bars, pubs and restaurants.”