Good morning! Welcome back to Queen Street Analytics' weekly roundup of regulatory developments, legislative discussions, political announcements and other government-related news concerning fisheries, aquaculture, molluscan shellfish, and marine conservation.

Every Monday, we break down the most important updates in this space in under five minutes.

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Start Date: 2025-03-16
End Date: 2025-03-22

Top Headlines

Main Stories

China Imposes Tariffs on Canadian Seafood

The Government of Canada announced support for the agricultural sector following China's imposition of tariffs. These tariffs include 25% on certain fish and seafood products, affecting Canadian producers. AgriStability will offer enhanced compensation and interim payments for the 2025 program year to mitigate these impacts. Minister Kody Blois emphasized support for the sector during these challenging times.

Sources: Announcements: www.canada.ca

Canada Showcases Premium Seafood at Boston Expo

Fisheries and Oceans Canada participated in the Seafood Expo North America held in Boston from March 16 to 18, 2025. The event served as a platform for promoting Canada's high-quality, sustainably sourced fish and seafood products. Canada is renowned for its robust standards in sustainability and food safety, and the expo allowed for global sharing of best practices in fishery management and marine ecosystem protection. Lobster remains Canada's top export species, valued at $2.9 billion in 2024.

Sources: Announcements: www.canada.ca

Aquatic Guardians Program Expansion

Parks Canada announced $1 million in funding over two years to expand the Confederacy of Mainland Mi’kmaq’s Nuji Kelo’toqatijik Earth Keeper Network. This funding will support an aquatics division, focusing on connecting Mi’kmaw youth to water traditions and practices. The program incorporates both Indigenous and Western perspectives, enhancing resource management and conservation practices.

Sources: Announcements: www.canada.ca

Provincial Announcements

New Brunswick Premier Meets Business Groups

Premier Susan Holt met with New England business leaders in Boston to explore opportunities for New Brunswick's economy.

Sources: Provincial Announcement: www2.gnb.ca

Federal Salmon Strategy Criticized by New Brunswick Minister

New Brunswick's Natural Resources Minister John Herron called for more robust financial commitments in the federal Atlantic salmon strategy.

Sources: Provincial Announcement: www2.gnb.ca

Public Officials' Social Media

Joanne Thompson Engages with Fisheries Stakeholders

MP Joanne Thompson discussed the fisheries industry with Keith Sullivan and NAIA, expressing eagerness for future conversations.

Sources: Social Media: x.com

Minister Blois Comments on Chinese Tariffs

MP Kody Blois criticized China's tariffs on Canadian seafood, pledging support for affected sectors.

Sources: Social Media: x.com

What We're Reading This Week

• Maritime Seafood Industry Looks for New Markets: Atlantic industry explores opportunities amid tariff disruptions.
• Shrimp, Sea Cucumber, Halibut Markets Squeezed by Tariffs: Impact on Canadian seafood markets from Chinese tariffs.
• New Brunswick Premier Concerned About Tariff Effects: Concerns over Chinese tariffs affecting local seafood industry.
• Canada’s Seafood Industry Braces for Fiscal Impact: Industry prepares for financial challenges amid tariffs.