Newfoundland and Labrador Seafood Industry Tops $2 Billion in Market ValueNewfoundland and Labrador Seafood Industry Tops $2 Billion in Market Value

The article reports that Cooke Aquaculture announced it had entered into a share purchase agreement to acquire Mowi Canada East Inc., with the deal subject to due diligence and regulatory approvals and a planned close by the end of 2026. It notes Cooke’s commitment to maintaining roughly 250 employees and to investing in Atlantic Canada communities,…

The article reports that Ottawa is reopening the cod fishery and increasing the total allowable catch (TAC) by 55 percent this year. It notes that this policy shift creates a perceived window of opportunity for Newfoundland product, as explained by Garrett Barry.

The article reports on government actions related to Newfoundland and Labrador’s snow crab fishery, including disputes between the FFAW-Unifor and ASP over quotas, pricing, and potential legislative changes. It notes government involvement to urge collaboration between the union and processors and mentions arbitration outcomes and ongoing negotiations…

Federal officials have boosted Newfoundland and Labrador’s cod fishing industry by raising the total allowable catch (TAC) by 55 percent. The report attributes the increase to the government decision and features Garrett Barry delivering the news.

The article reports that on July 3, 2026, the federal Department of Fisheries and Oceans announced increased total allowable catches for Atlantic mackerel (from 500 to 1,500 tonnes) and for the Southern Gulf of St. Lawrence herring fall fishery (to 15,500 tonnes) based on peer‑reviewed science. It notes the Newfoundland and Labrador union FFAW-Unifor…

The article reports that Equinor will take full ownership of the Bay du Nord project offshore Newfoundland and Labrador after BP agreed to sell its interest, with the sale subject to customary conditions and approvals. The provincial government is considering purchasing a stake and is expected to decide later this year, viewing the move as a positive…

The article reports that federal officials have increased Newfoundland and Labrador’s cod fishing industry by raising the total allowable catch (TAC) by 55 percent. Garrett Barry covers the government announcement and its impact on market demand following decades of a commercial ban.