Lobster industry rebounds with low dollar and high prices – Lobster exports from Nova Scotia are worth $385M

Nova Scotia’s largest lobster fishery is enjoying a banner season thanks in part to low fuel prices and a low Canadian dollar. Jamie Osborne, a lobster fisherman, is one of those enjoying the perfect storm of good news. “Fuel is going down, lobster are going up,” he said. Cheaper fuel is just one factor. The lower Canadian dollar is another factor, for an industry that relies on exports. Lobster exports from Nova Scotia are worth $385 million annually. Read the rest here 09:16

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