May 14, 2020 — The Canadian government is moving forward with up to CAD 469.4 million (USD 333.4 million, EUR 309.2 million) in new measures aimed at supporting the country’s fishing industry, which has been under tremendous stain due to the economic impacts of the COVID-19 crisis.
In a 14 May announcement, Canadian Prime Minister Justin Trudeau said the investment builds upon the CAD 62.5 million (USD 44.3 million, EUR 41.1 million) put forth in last month’s Canadian Seafood Stabilization Fund, and focuses on supporting Canada’s fish harvesters who are economically impacted by the pandemic, but cannot access existing federal measures.