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Canadian lobster industry faces complex economics with weaker currency, threat of US tariffs

A weak Canadian dollar is a win for exporters, but a 25% US import tax would wipe out any gains

By Barb Dean-Simmons | Nov. 29, 2024 14:56 GMT
Lobster fishing boats from southwest Nova Scotia, November, 2024. Photo from Argyle Forest Loft Facebook page
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As the lobster season begins in two of Canada's biggest lobster fishing areas off the southwest coast of Nova Scotia, a major shift in currency exchange rates offers an advantage for live lobster exporters [...]

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