HALIFAX — Canada’s largest and most lucrative lobster fishery is slated to get started Saturday off Nova Scotia’s southwest coast, where about 5,200 fishermen are geared up for what is expected to be another profitable season — thanks in part to Donald Trump.
“The market keeps increasing, especially in China,” said Bernie Berry, president of the Coldwater Lobster Association, based in Yarmouth, N.S. “From a fisherman’s perspective, we’re expecting a good shore price … It looks like a very positive outlook.”
Berry, a fisherman for 39 years, has plenty of reasons to be optimistic.
Demand from Canada’s largest export market, the United States, remains strong, thanks to a healthy U.S. economy and a weak Canadian dollar.
As well, the industry is benefiting from the American president’s ongoing trade war with China, which prompted the Chinese government in July to impose a 25 per cent import tariff on many U.S. goods — including lobster.
“It makes it very hard for the Americans … to get their product into China,” said Berry, whose group represents fishermen aboard 970 boats in Lobster Fishing Area 34, which extends off the western edge of Nova Scotia.
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