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.