• 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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• Ottawa provides $6.9M to 17 P.E.I. businesses and organizations affected by U.S. tariffs

  Source: Prince Edward Island - Regional News
  Date: 2026-10-01 17:00:00.0
  Tags: [Prince Edward Island, National, Trade, Industry, Economy]

  The federal government, through the Atlantic Canada Opportunities Agency's Regional Tariff Response Initiative, is providing more than $6.9 million in non-repayable funding to 17 businesses and organizations across Prince Edward Island to mitigate the impacts of U.S. tariffs. Notable recipients include Trout River Industries, which received $987,625; P.E.I. Brewing Company, which received $790,000; Somru BioScience Inc., which received $747,500; and the P.E.I. Bag Company, which received over $260,000 for new manufacturing equipment and digital technologies. This federal funding forms part of a broader $7.5-billion national package aimed at supporting Canadian workers and businesses affected by ongoing trade tensions.

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• What's the state of Canada's trade talks with the U.S.?

  Source: Prince Edward Island - Regional News
  Date: 2026-09-29 21:00:00.0
  Tags: [National, Prince Edward Island, Trade, Agriculture, Economy]

  Federal Agriculture Minister and Prince Edward Island Member of Parliament Heath MacDonald returned to Parliament Hill to address ongoing trade negotiations and a trade war with the United States. In discussions with CBC News, MacDonald focused on the impact on the Canadian economy and the federal government's efforts to identify and establish new international partnerships. The developments come amid heightened bilateral tensions involving various tariff disputes and trade envoy communications between Canada and the United States.

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• P.E.I. consumers will pay more in wake of Canadian counter-tariffs

  Source: Prince Edward Island - Regional News
  Date: 2026-09-09 09:00:00.0
  Tags: [Prince Edward Island, National, Trade, Economy, Industry, Affordability]

  Retaliatory counter-tariffs implemented by Canada on American-made products took effect, raising import prices and impacting businesses and consumers on Prince Edward Island. Sam Sanderson, executive director of the Construction Association of Prince Edward Island, noted that approximately 65 per cent of construction materials used in the province originate from the U.S. and face these tariffs, potentially increasing material costs by 20 to 50 per cent. Prime Minister Mark Carney released a video stating that Canada will respond to the ongoing trade war by reducing reliance on the United States and pursuing new international trade agreements. Meanwhile, Prince Edward Island businesses such as MacArthur's Appliances, led by owner-operator Chris Welton, are managing price hikes and noting a shift in consumer sentiment away from American-made goods. The provincial government has also rolled out $12.5 million in support for businesses affected by U.S. tariffs.

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• United States introduces new rules surrounding P.E.I. potato exports

  Source: Prince Edward Island - Regional News
  Date: 2026-08-28 20:00:00.0
  Tags: [Prince Edward Island, National, Trade, Agriculture]

  The United States Department of Agriculture's Animal and Plant Health Inspection Service (APHIS) has introduced new rules restricting Prince Edward Island potato exports, effective October 5, following the detection of potato wart fungus in a soil sample from a P.E.I. farm in May. The updated Import Federal Order requires U.S. facilities that import, process, package, or repackage bulk shipments of P.E.I. potatoes to operate under facility-specific compliance agreements. Additionally, the rules prohibit using cull potatoes and potato waste as animal feed, mandate waste disposal at approved sites, strengthen export certification standards, improve labelling requirements, and ban the use of P.E.I. imports as seed potatoes.

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• Interprovincial trade barriers are falling. But rewriting old rules will take time

  Source: CBC Politics
  Date: 2026-08-28 14:14:49.0
  Tags: [National, British Columbia, Prince Edward Island, Trade, Economy, Industry]

  Federal and provincial ministers met in Iqaluit and Prince Edward Island to advance interprovincial trade agreements, building on a recent nine-province accord allowing direct-to-consumer alcohol sales across provincial lines. International Monetary Fund estimates indicate that removing internal trade barriers could increase Canada's real grossD product by up to seven per cent, or approximately $210 billion, over the long term. Priorities for ongoing discussions include securing a freer flow of services by the end of the year, harmonizing approval processes for prefabricated homes and building materials, and facilitating food trade. Meanwhile, University of Ottawa professor Wolfgang Alschner is utilizing artificial intelligence to catalogue approximately 17,000 regulatory texts across Canada to systematically identify and eliminate unnecessary trade divergences.

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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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