April 1, 2020 — Canada has moved to support its fisheries and aquaculture sectors with an aid package that will provide both direct and indirect support to the industry and its employees.
Canadian Minister of Fisheries, Oceans, and the Canadian Coast Guard Bernadette Jordan announced aquaculture and seafood processing companies will have access to the CAD 5 billion (USD 3.5 billion, EUR 3.2 billion) Farm Credit Canada loan program. And fishermen, processing workers, and front-line aquaculture workers are entitled to the Canada Emergency Response Benefit, which provides CAD 2,000 (USD 1,400, EUR 1,300) per month for up to four months for workers who lose their income as a result of the COVID-19 pandemic. Additionally, small- and medium-sized businesses will have accesss to CAD 65 billion (USD 45.7 million, EUR 41.8 million) in support via interest-free loans provided through the Canada Emergency Business Account and the Export Development Canada and Business Development Bank.