As the time ticked towards the opening of Canada’s largest commercial lobster fishery in southwestern Nova Scotia, preliminary market indications were not the greatest.
The world economy, the value of the Canadian dollar on the international market, strong lobster landings on both sides of the border, and ‘very light demand’ on the lobster marketplace are all factors stacked against the lobster industry going into the season.
“Given the world economy the outlook is not great,” said Denny Morrow, executive director of the Nova Scotia Fish Packers Association.
“Is a very tough economy now,” said Morrow. “It’s a tough time for people to be exporting a luxury product especially if it’s in real high volume.”
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