Market hits bottom, but correction not existential for Canadian seafood firms

Canadian Atlantic coast seafood processors are confident they’ll survive this year’s crash in lobster and crab prices that recently forced a Quebec-based company into bankruptcy protection.

Prices plummeted earlier this year after reaching record export levels in 2021, putting stress on an industry that has faced multiple challenges, including the recent destruction of fishing grounds and fishing gear caused by tropical storm Fiona and ongoing labor shortages stemming from the COVID-19 pandemic ... 

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