Saving Seafood

Canada budgeting up to CAD 469.4 million in support for struggling fish harvesters

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.

Read the full story at Seafood Source

Canada allocates $62.5M for fish and seafood processors amid COVID-19

April 28, 2020 — Canada’s fish and seafood industry is getting new funding in an effort to keep grocery shelves stocked amid the COVID-19 crisis.

The Canadian Seafood Stabilization Fund, which was announced by Prime Minister Justine Trudeau on a live broadcast on April 25, is aimed to provide fish and seafood processing plants access to short-term financing to pay for maintenance and inventory costs, and adapt operations to respond to changing requirements and new market demands.

“As we fight COVID-19, people who work in fish and seafood processing plants across the country are playing a crucial role when it comes to getting food to our tables. This fund will help ensure that they can safely continue to their important work,” said Trudeau during his Saturday broadcast.

Read the full story at Aquaculture North America