Tag Archives: inflation hits lobster industry
Nova Scotia lobster fishery braces for a downturn as inflation hits
Fishermen are seeing the downside of a cyclical industry at a time when inflation has sent their input costs skyrocketing. Geordy Bennett, a lobster boat captain in Riverport on Nova Scotia’s south shore, said he just spent $2,900 to fill his boat, Ava Brianne, with diesel at $2.03 per litre. “And it will probably be more next time,” Bennett said. Interest rates and the cost of bait and traps are also up. “It’s phenomenal. It’s doubled and we haven’t left the wharf,” Bennett said on a blustery day preparing traps for the upcoming season. >click to read< 18:10
