Market diversification a focus of renewed Atlantic Fisheries Fund | CBC News

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market-diversification-a-focus-of-renewed-atlantic-fisheries-fund-|-cbc-newsMarket diversification a focus of renewed Atlantic Fisheries Fund | CBC News

New Brunswick

Federal and provincial governments are replenishing the Atlantic Fisheries Fund, with a new focus on market diversification in response to the continuing trade war with the U.S.

$300 million going into fund for Atlantic provinces over next 5 years

Sam Farley · CBC News

· Posted: Oct 15, 2026 4:43 PM EDT | Last Updated: 36 minutes ago

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A lobster trap in front of flagsThe Atlantic Fisheries Fund, which was started in 2017, has been extended another five years, and with market diversification a new category for funding. (Katelin Belliveau/CBC)

Federal and provincial governments are replenishing the Atlantic Fisheries Fund, with a new focus on market diversification in response to the continuing trade war with the U.S.

“It means more opportunities for harvesters, processes, processors and communities to get more of your product on plates around the world,” Federal Fisheries Minister Joanne Thompson said Thursday in Moncton.

She was joined by every provincial fisheries minister in the region for a news conference about the renewal of the fund, which started in 2017 with $400 million spread over seven years. The fund was extended for another two years in 2024 and is now being extended again.

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