adplus-dvertising
Connect with us

Investment

Fishermen welcome federal investment into P.E.I. small craft harbours – CBC.ca

Published

3 years ago

 on


New federal investment into small craft harbours in P.E.I. will go a long way to improve conditions for fishermen in the region, people working in the sector said.

Malpeque MP Wayne Easter announced Friday on behalf of Fisheries and Oceans Canada that Ottawa will be investing $4.8 million to renew harbours located in Prince and Queens counties.

The department has so far identified the harbours at Covehead, Malpeque and North Rustico as requiring improvements. Funding at Covehead will go toward an annual dredging, the cleaning out of sediment and debris from the harbour bed.

Allan Coady, a representative for the fishermen at Covehead, said the investment has been a long time coming. 

“Anything will be a help,” he said. “It’s not safe going in and out of there even now; boats are dragging at low tide and when the big moons are on, it’s very dangerous going in and out.

“We did manage to get through the spring with no real bad damage, but some boats had to be lifted out and patched out a little bit.”

‘Like going into a ditch”

Coady said it’s been years since dredging has been done and that exiting the harbour could be as dangerous as “driving down the road and going into a ditch.”

Joey Gauthier, who runs a deep sea fishing tour, said there will still be a lot of work that will need to be done to improve the harbour.

“$5 million is a lot of money, but it’s a lot of work,” he said. “We’ll see how far that goes.”

Gauthier said the improvements, which are expected to be done by next spring, will serve fishermen at Covehead for years to come.

“The next generation of fishermen are coming and hopefully we can leave the harbour in good shape for these guys,” he said.

More from CBC P.E.I.

Adblock test (Why?)

728x90x4

Source link

Related Topics:
Continue Reading

Investment

S&P/TSX composite up more than 100 points, U.S. stock markets mixed

Published

5 days ago

 on

October 16, 2024

By

 

TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 103.40 points at 24,542.48.

In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.

The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.

The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.

The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.

This report by The Canadian Press was first published Oct. 16, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Economy

S&P/TSX up more than 200 points, U.S. markets also higher

Published

1 week ago

 on

October 11, 2024

By

 

TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.

The S&P/TSX composite index was up 205.86 points at 24,508.12.

In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.

The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.

The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.

The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.

This report by The Canadian Press was first published Oct. 11, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Economy

S&P/TSX composite little changed in late-morning trading, U.S. stock markets down

Published

2 weeks ago

 on

October 10, 2024

By

 

TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.

The S&P/TSX composite index was up 0.05 of a point at 24,224.95.

In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.

The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.

The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.

The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.

This report by The Canadian Press was first published Oct. 10, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Trending