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Digital, G. (2026, October 15). Fisheries sector fund gets $300 million extension from Ottawa, Atlantic provinces. Global News. https://globalnews.ca/news/12103821/atlantic-provinces-fisheries-sector-funding/
Digital, Globalnews. “Fisheries sector fund gets $300 million extension from Ottawa, Atlantic provinces.” Global News, 15 Oct. 2026, https://globalnews.ca/news/12103821/atlantic-provinces-fisheries-sector-funding/.
Digital, Globalnews. “Fisheries sector fund gets $300 million extension from Ottawa, Atlantic provinces.” Global News, October 15, 2026. https://globalnews.ca/news/12103821/atlantic-provinces-fisheries-sector-funding/.
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Ottawa has extended the Atlantic Fisheries Fund, providing an additional $300 million over five years to support the fisheries sector in the Atlantic provinces. This fund was first introduced in 2017 and has already allocated more than $370 million for over 1,300 projects. For this renewal, the federal government will contribute 60% of the funding while Nova Scotia, New Brunswick, P.E.I., and Newfoundland and Labrador will cover the remaining amount.
The new investment aims to aid in research, infrastructure development, and market expansion for fish and seafood products. The fund also plans to enhance marketing efforts to help Canadian harvesters and growers expand into new markets, making the sector more resilient to global trade disruptions. Federal Fisheries Minister Joanne Thompson highlighted the importance of these initiatives in a press release on Thursday.