• 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.

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• 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.

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• Market diversification added to focus of renewed Atlantic Fisheries Fund

  Source: Prince Edward Island - Regional News
  Date: 2026-10-15 20:43:09.0
  Tags: [National, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Trade, Fisheries, Industry, Finance]

  The federal government and the Atlantic provincial governments are replenishing the Atlantic Fisheries Fund with more than $300 million over the next five years, funded 60 per cent federally and 40 per cent provincially, in response to ongoing trade disputes and tariffs with the U.S. Federal Fisheries Minister Joanne Thompson announced that market diversification has been added as a new funding pillar alongside innovation, infrastructure, and science partnerships to assist harvesters and processors such as Cooke Inc., the P.E.I. Fishermen’s Association, Scotia Harvest, and Icewater Seafoods in entering new international markets. Over the past nine years, the fund has previously distributed $370 million to more than 1,300 projects across Atlantic Canada.

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• 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.

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• 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.

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• Statement from Premier Wakeham on France’s Pledged Intention to Launch Exploratory Snow Crab Fishery

  Source: Newfoundland & Labrador - Government Releases
  Date: 2026-09-29 19:25:34.0
  Tags: [Newfoundland and Labrador, National, Trade, Fisheries, Resources, Governance]

  Newfoundland and Labrador Premier Wakeham expressed disappointment and opposition regarding France's pledged intention to launch an exploratory snow crab fishery on the extension of Canada's continental shelf. Premier Wakeham discussed the issue with federal Minister Thompson, who confirmed that the Government of Canada does not support France's action. The Department of Fisheries and Oceans (DFO) and Global Affairs Canada are collaborating to determine next steps and protect Canada's jurisdictional authority and fishing industry.

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• 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.

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