Ottawa antes up $325M to spur growth in Atlantic Canadian fisheries
HALIFAX — Ottawa is making a $325 million bet that Atlantic Canada’s fishing industry — which already employs 58,000 people — has a lot more room to grow.
The new Atlantic Fisheries Fund is aimed at driving innovation and growth, with an eye on opening up new markets in Asia and in Europe.
“A third of a billion dollars of new federal investment … should and we believe will make a very significant economic impact,” federal Fisheries Minister Dominic LeBlanc said during a news conference Friday at Halifax’s Stanfield International Airport.
The fund will be used for marketing, as well as to support new ways to harvest and process fish.