• 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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