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The number of licenses can be adjusted upwards to benefit more fishermen by reducing the number of traps per harvester and maintaining the total planned fishing effort.

Joanne Thompson retains her role as Minister of Fisheries, as newly-elected Prime Minister Mark Carney makes significant changes to his ministerial team.

Fisheries and Oceans Canada's annual budget to upgrade these facilities amounts to $90 million.

The Government of Canada has announced a $957.8 million investment included in the 2026 Spring Economic Update, 'Canada Strong for All'.

Fishery monitoring by Indigenous groups is "essential" to effective fish stock management.

This contribution comes from the $400 million Atlantic Fisheries Fund (AFF), funded by the federal and provincial governments.