Mr. Speaker, the fish and seafood sector is integral to the economic and social fabric of thousands of coastal and indigenous communities in Canada, generating over $2.3 billion a year for the Canadian economy.
Our government is reflecting on future opportunities for this sector and taking the necessary steps to transform it and support innovation to help it achieve even greater success. That is why we recently announced a $325-million investment in the new Atlantic fisheries fund.
Investments under the Atlantic fisheries fund will increase employment opportunities for middle-class Canadians in coastal communities.