Nova Scotia Lobster buyers want ‘above-board’ investment mechanism to secure supply

Next month, the season opens in Canada’s biggest lobster fishery but even before the first trap hits the water, there’s big news in southwestern Nova Scotia. It is a proposal from a coalition of prominent lobster dealers who want the federal government to grant them the authority to give loans to fishermen like a bank or any other financial institution. “They could put out the money, they would hold the mortgage and then they would have a business arrangement with [the] person owning the licence where they would, I assume, buy the product,” said Robert Thibault, spokesperson for the newly formed Western Nova Scotia Lobster Dealers Coalition. click here to read the story 12:40