Should We Heed Iron Erna’s vision?
For more than a decade, Newfoundland and Labrador has been Atlantic Canada’s shining light in terms of economic growth and prosperity.
The provincial coffers have benefited greatly from the millions of dollars pouring in from offshore oil royalties. Times were good as offshore oil production increased on the Grand Banks and the price of crude often topped out in excess of $100/barrel (U.S.). The royalty agreements Newfoundland and Labrador had in place with the big oil producers were ...
Atlantic Canadian Seafood by the Numbers
The seafood caught and produced in Atlantic Canada is worth in excess of $2.2 billion annually and continue to grow.
According to the most recent statistics (2013) from the federal Department of Fisheries and Oceans (DFO), the landed value of all seafood produced in the four Atlantic Provinces totals an impressive $2,258,151,000. This number is quite staggering when you think about at. Few industries in this region produce products that contribute this much to the economy and gross domestic ...
Will CETA War Overshadow Shrimp Battle?
Uncertainty remains the catchword for the 2015 Atlantic Canada shrimp fishery.
Many harvesters are waiting, with much trepidation, to see if additional shrimp quota cuts will be coming this year. However, some indicators are pointing to a further tightening of already shrinking quotas. Question to be asked is what will be the extent of those abatements?
Fishermen took a major hit last year when federal quota reductions included a cut of 20 per cent to Shrimp Fishing Area Six, with the ...