Producers warn dropping dollar isn’t all good news for fishery

January 28, 2016 Canada

Amid all the doom and gloom about the economy, the price of oil and the provincial deficit, there’s a bright spot for Newfoundland and Labrador: the Canadian dollar has been tanking. The dollar dropped by more than 17 per cent from a 12-month high last May to a low of 68.69 cents last week. The exchange rate hurts any Newfoundlander going on a trip to Florida, but it helps in plenty of other ways. For one thing, the exchange rate helps soften the blow of abysmal oil prices for the provincial government, and it makes the province more attractive to American tourists who want to spend their greenbacks here. Read the article here 07:58

Canadian dollar, currency exchange rate

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The New England groundfish debacle (Part III): who or what is at fault? Nils E. Stolpe/FishNet

It took me a while to decide how to most accurately describe the situation that has been visited upon the New England fishing communities that are and since colonial times have been dependent on the groundfish fisheries.

NILS STOLPE: The New England groundfish debacle (Part IV): Is cutting back harvest really the answer?

While it’s a fact that’s hardly ever acknowledged, the assumption in fisheries management is that if the population of a stock of fish isn’t at some arbitrary level, it’s because of too much fishing. Hence the term “overfished.” Hence the mandated knee jerk reaction of the fisheries managers to not enough fish; cut back on fishing. What of other factors? They don’t count. It’s all about fishing, because fishing is all that the managers can control; it’s their Maslow’s Hammer. When it comes to the oceans it seems as if it’s about all that the industry connected mega-foundations that support the anti-fishing ENGOs with hundreds of millions of dollars a year in “donations” are interested in controlling. Read the article here

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