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Ottawa injects federal funds to boost sagging cod fishery

by 5m Editor
9 January 2006, at 12:00am

OTTAWA - With the cod fishery on the East Coast still in a precarious state, the federal government is investing nearly $6.5-million to help spawn a commercial revival of stocks through cod farming. The money is being funnelled into research aimed at growing a hardier variety of cod that can withstand the pressures of being raised in captivity, fatten quickly and feed a lucrative new aquaculture industry. "With the collapse of the cod fishery, the supply is no longer there," said Nell Halse, a spokeswoman with Cooke Aquaculture, a St. George, N.B., salmon-farming company involved in the project. "What happens with farming is you get a consistent year-round supply, which is something you can't get, of course, when you are dealing with a wild fishery -- you are dealing with cycles there," she said. Source: The Globe and Mail

5m Editor