Business Brief: A sea change in salmon farming

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Also in today’s edition: The math behind Ottawa’s new mortgage rules

When the federal government announced a ban on open-net fish farms in June, it promised a transition plan that would support the aquaculture industry through a five-year deadline to adapt.) is loaded with ambition, if not specifics: This is very much a plan to make more plans. Imagine a meeting about meetings on a national scale. That’s this plan.

And such innovation is possible because salmon is big business. Salmon farming is a US$323-billion global industry and shows no signs of stopping. Countries in every corner of the world are clamouring for a piece of the salmon pie: from the masterminds behind the industry in Norway to the soon-to-be heavyweights in China.In June, Fisheries and Oceans Canada announced the closing of open-net-pen salmon farming in British Columbia.

However, there will always be human ingenuity, a tool that has not yet been blunted and has allowed us to wiggle free of countless consequences. It is unmatched. And, as I stood on the bridge of the Jostein Albert, continues to amaze.

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