Provincial Investment Advances Aquaculture Innovation in Harbour Breton

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Source: Newfoundland & Labrador - Government Releases
Date: 2026-10-30 13:00:21.0
Tags: [Newfoundland and Labrador, Economy, Industry, Technology, Fisheries]

The Provincial Government of Newfoundland and Labrador is providing $882,581 to 360 Marine Ltd. to support a 21-month research and development project based in Harbour Breton. The company is developing and validating a compact, vessel-based sea lice treatment system combining fish-pumping and treatment technologies for smaller, multi-use vessels. The project receives additional public and private investment totaling $3.55 million, including $750,000 from the Atlantic Canada Opportunities Agency and up to $144,876 from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP). The initiative is expected to create four new full-time positions focused on research and testing activities.

Ministerial Statement: Minister O’Driscoll Celebrates Renewal of Atlantic Fisheries Fund

Source: Newfoundland & Labrador - Government Releases
Date: 2026-10-29 16:25:37.0
Tags: [Newfoundland and Labrador, Fisheries, Economy, Industry, Infrastructure]

Newfoundland and Labrador Minister of Fisheries and Aquaculture Loyola O’Driscoll announced the renewal of the Atlantic Fisheries Fund, which will invest over $300 million across the Atlantic Region, including approximately $90 million specifically for Newfoundland and Labrador. The funding targets four core pillars: market diversification, innovation, infrastructure, and science partnerships. This initiative aims to build upon the sector's record market value of $2.11 billion achieved in 2025, with project applications officially open to interested participants.

N.S. government announces funding to grow boatbuilding industry

Source: Nova Scotia - Halifax & Regional News
Date: 2026-10-26 19:55:08.0
Tags: [Nova Scotia, Economy, Industry, Trade, Defence, Fisheries]

The Nova Scotia government is investing over $350,000 from its Community Economic Development Fund into the Nova Scotia Boatbuilders Association to help local boatbuilders and repair businesses expand into new markets. The funding will be used to promote local companies at trade shows, in trade publications, and through online communications and strategic partnerships. Established in 1998, the Nova Scotia Boatbuilders Association aims to diversify the industry beyond the domestic fishing boat market, helping local firms compete internationally for naval contracts and meet national defence priorities.

High Liner Foods to be bought by Umios in deal valued at $804 million

Source: Nova Scotia - Halifax & Regional News
Date: 2026-10-26 15:40:21.0
Tags: [Nova Scotia, Economy, Industry, Trade, Fisheries]

Nova Scotia seafood processor High Liner Foods Inc. has signed an agreement to be acquired by Japanese company Umios Corp. in a transaction valued at $804 million, paying $27 per share in cash. Under the deal, which requires 75 per cent shareholder approval and a court-approved plan under the Nova Scotia Companies Act, Umios will establish High Liner Foods as the core platform for its North American business while maintaining its headquarters in Nova Scotia, its workforce, and operations. Thornridge Holdings Ltd., holding a 41.4 per cent stake in High Liner, has agreed to support the transaction, which is expected to close in early 2027 following a December shareholder vote.

Atlantic Fisheries Fund Renewed, Applications Being Accepted

Source: Newfoundland & Labrador - Government Releases
Date: 2026-10-15 17:40:13.0
Tags: [Newfoundland and Labrador, Nova Scotia, New Brunswick, Prince Edward Island, National, Fisheries, Economy, Industry]

The Government of Newfoundland and Labrador, the Government of Canada, and the provincial governments of Nova Scotia, New Brunswick, and Prince Edward Island have jointly renewed the Atlantic Fisheries Fund (AFF) with an investment of more than $300 million. The fund supports fishing and aquaculture projects across the Atlantic region to drive innovation, enhance market development, and ensure industry sustainability. The renewed program operates under four distinct pillars: market diversification, innovation, infrastructure, and science partnerships, with applications currently being accepted by the Government of Newfoundland and Labrador and partner jurisdictions. This funding launch follows a record-breaking performance in 2025 where Newfoundland and Labrador's fisheries and aquaculture sector generated $2.11 billion in market value.

Fisheries sector fund gets $300 million extension from Ottawa, Atlantic provinces

Source: Nova Scotia - Halifax & Regional News
Date: 2026-10-15 17:07:20.0
Tags: [National, Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland and Labrador, Fisheries, Economy, Trade]

Federal Fisheries Minister Joanne Thompson announced a five-year, $300 million extension of the Atlantic Fisheries Fund, aimed at supporting the fish and seafood sector across Nova Scotia, New Brunswick, Prince Edward Island, and Newfoundland and Labrador. The federal government is contributing 60 percent of the funding, with the four Atlantic provincial governments providing the remainder. Originally introduced in 2017, the renewed fund will invest in industry research, infrastructure, advertising, industry branding, and market research to help harvesters and growers expand global markets and improve resilience against international trade disruptions.

Fisheries minister travelling to China ahead of lobster, crab tariff deadline

Source: CBC Politics
Date: 2026-10-15 14:00:00.0
Tags: [National, Trade, Fisheries, Agriculture, Economy]

Federal Fisheries Minister Joanne Thompson is scheduled to travel to China at the end of October 2026 to negotiate market access and a potential extension for the suspension of a 25 per cent tariff on Canadian lobster and crab. The tariff, which impacts approximately 80 per cent of Canadian seafood exports to China, was originally imposed in 2025 following Canadian duties on Chinese steel, aluminum, and electric vehicles, before being temporarily suspended in January under a trade arrangement. In 2024, Canada exported $1.3 billion in seafood to China, making it Canada's second-largest seafood export partner out of total national fish and seafood exports valued at $8.5 billion across 114 countries.

With millions of dead oysters and mounting debt, P.E.I. farmers fear they'll lose everything

Source: Prince Edward Island - Regional News
Date: 2026-09-13 08:00:00.0
Tags: [Prince Edward Island, Fisheries, Agriculture, Economy]

Prince Edward Island's oyster industry is facing a severe crisis due to the parasitic diseases MSX and dermo, which were detected in PEI waters in 2024 and 2025 and are causing up to 100 per cent mortality rates among oyster crops. In response, Fisheries and Oceans Canada (DFO) introduced a $40,000 licence buyback program to purchase up to 150 eligible wild oyster fishing licences on a first-come, first-served basis with a 10-year reapplication ban, while Farm Credit Canada (FCC) offered loan payment schedule amendments and deferrals. Meanwhile, provincial and federal governments have announced support measures including financial relief, mental health support, and the approval of disease-resistant imported seed, though industry stakeholders like the P.E.I. Aquaculture Alliance and the P.E.I. Shellfish Association argue that a lack of direct basic income support threatens independent farmers and risks corporate buyouts.

Canadian seafood industry 'relieved' with removal of their products from retaliatory tariff list

Source: CBC Politics
Date: 2026-08-27 13:22:04.0
Tags: [National, Nova Scotia, New Brunswick, Prince Edward Island, Trade, Economy, Fisheries]

Finance Canada removed fish and seafood products, including lobster and crab, from its retaliatory tariff list just a day after initially imposing counter-measures on $27.6 billion worth of U.S. goods. The initial list would have subjected U.S. seafood imports to a 25 per cent tariff, which industry groups like the Lobster Processors Association and the New Brunswick Crab Processors Association warned would devastate integrated cross-border processing operations. To maintain a dollar-for-dollar and rate-for-rate response, the Ministry of Finance added copper wire, charcoal, plaster sheets, and tiles to the tariff list at a 50 per cent rate, taking effect on September 8.