Trudeau announces $ 62.5 million for the Canadian fish and seafood industry

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Noting that “across the country, fish and seafood processors are working around the clock to make sure we have food to put on our tables,” said Prime Minister Justin Trudeau, a 62.5 investment. millions of dollars in the Canadian fish and seafood sector.

“We are giving fish and seafood processors the resources they need to adapt to the many challenges posed by COVID-19 and keep workers safe,” said Trudeau.

As part of the plan, the Prime Minister said that the federal government is providing money to processors “so that they can buy personal protective equipment for workers and adapt to health protocols.”

In addition, Ottawa “will assist fish processing plants to purchase new equipment, such as freezers, so that their product can stay longer in response to changing market conditions.”

Nicknamed the Canadian Seafood Stabilization Fund, this investment aims to help companies in the sector to access short-term financing to pay for maintenance and inventory costs, to increase the storage capacity of any unsold product. , comply with new health and safety measures for workers, support new manufacturing / automated technologies to improve the productivity and quality of finished seafood and “adapt products to meet changing requirements and new market demands ”.

Federal government says funding “will help ensure the resilience of the food system” by enabling Canada’s fish and seafood processing sector to “safely, effectively process, store, package and distribute healthy products and of high quality ”.

Strengthening Canada’s processing sector is “vital to support fishermen and feed Canadians,” said Minister of Fisheries Bernadette Jordan.

“We know this is a difficult time,” said Mélanie Joly, Minister of Economic Development and Official Languages. “This is why we are working with you to ensure that the support announced today will be implemented as quickly as possible.”

With this new fund, said Joy, “we are helping the Canadian fish and seafood industry remain strong and stable. We have our backs to help you keep your employees and recover from this pandemic. “

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