Yes and the Confederation Trail runs very close to it, so if someone you love wants to do a bike trip while you're shopping it works out great. We found a free FQ coupon for this shop in one of the travel brochures.
There's a Singer Shop on Prince Street in North Sydney that is jammed packed with fabric. There was also a little shop there called Quilting on the Myra. There's the Harbour Quilt Company in Antigonish. I remember one called The Covered Bridge in N.B. but can't remember which town it was in.
Here is a link to our Canadian Quilter's Association site & any shop who pays to be a member is listed on it, of course there are other shops out there as well.
http://www.canadianquilter.com/professionals/shops.php
Here's another link, but not sure how current it is, so you would need to find a website for the shop or at least confirm them in the phone listings to make sure they're still open.
http://www.quilttheatlantic.ca/storesquilt.php