logo

Fisheries and Oceans Canada announces details for second year of commercial Redfish fishery Français

Cision Canada6 hours ago

OTTAWA, ON, June 16, 2025 /CNW/ - Balancing economic growth with sustainable fisheries is essential to protect our marine resources and secure a strong future for the fishing industry and coastal communities. Today, the Minister of Fisheries, the Honourable Joanne Thompson, announced details for the Unit 1 commercial Redfish fishery for 2025-2026. This fishery was under a moratorium from 1995 until 2024, when the Government of Canada re-opened it following the significant rebound in the stock's population.
Following consultations with the Redfish Advisory Committee (RAC) and an assessment of the most recent scientific information, the total allowable catch (TAC) for Unit 1 Redfish in 2025-2026 will be 60,000 tonnes. These allocations took into consideration views shared by industry stakeholders, Indigenous communities and organizations, provincial partners and others, alongside socio-economic factors, and provides harvesting opportunities while respecting conservation.
Information gathered from the first two years of this fishery will support the long-term development of a sustainable Redfish fishery, and the government will continue to adjust fishing management measures as required and in consultation with stakeholders. DFO is committed to creating economic opportunities for Canadians without compromising on our protection of Canada's coasts, waterways and fisheries for future generations.
Quotes
"Commercial fisheries play a critical role in the livelihood of many Canadians, and fishing is part of the social fabric of Atlantic Canada. As part of the Government's plans to keep the Canadian economy strong, we will continue to work with stakeholders to increase the prosperity of the Redfish fishery, while respecting and enforcing conservation objectives."
The Honourable Joanne Thompson, Minister of Fisheries
Quick Facts
The commercial fishery will open on June 24, 2025. Opening dates may vary following consultations with individual fleets.
Of the 60,000-tonne TAC, 50,000 tonnes will be shared based on the approach announced on January 26, 2024, which includes 14.8% to inshore harvesters, 5.7% to midshore harvesters, 58.7% to offshore harvesters.
As part of the Government of Canada's commitment to reconciliation, 10% of the TAC will be allocated to Indigenous communities and 10% to Estuary and Gulf of St. Lawrence shrimp harvesters who are negatively affected by the declining shrimp fishery.
An additional 7,000 tonnes could be made available to harvesters who have fished at least 75% of their quotas. An additional 3,000 tonnes will used to support experimental fishing projects to collect data to support fisheries management decisions.
In response to stakeholder concerns and low catch rates during the 2024-25 season, DFO has adjusted certain fishing management measures for the 2025-2026 season:
Fishing will be authorized in NAFO divisions 4RST for the entire length of the fishing season, from June 24 to March 31, and in NAFO subdivisions 3Pn and 4Vn from January 1 to March 31.
Fishing with all types of otter trawl, including bottom trawl, will be authorized during the 2025-26 fishing season.
Fishing will be authorized at shallower depths in summer than during the 2024-25 season.
Bycatch limits will be maintained and closely monitored to protect other groundfish stocks from unwanted fishing and ensure sustainable fishing practices and conservation objectives are upheld.
At-sea observer requirements will be reduced compared to last season, focusing on the highest risk period for bycatch, with 100% coverage required from January 1 to March 31.
There are two key species of Redfish in Atlantic the Gulf of St. Lawrence: Sebastes mentella and Sebastes fasciatus. S. mentella lives in deeper waters, while S. fasciatus is found in shallower areas
Stay Connected

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

WILLOW BIOSCIENCES INC. ANNOUNCES CONDITIONAL ACCEPTANCE OF TSX VENTURE EXCHANGE TO LIST PURSUANT TO THE TSXV SANDBOX
WILLOW BIOSCIENCES INC. ANNOUNCES CONDITIONAL ACCEPTANCE OF TSX VENTURE EXCHANGE TO LIST PURSUANT TO THE TSXV SANDBOX

Cision Canada

time25 minutes ago

  • Cision Canada

WILLOW BIOSCIENCES INC. ANNOUNCES CONDITIONAL ACCEPTANCE OF TSX VENTURE EXCHANGE TO LIST PURSUANT TO THE TSXV SANDBOX

CALGARY, AB, June 16, 2025 /CNW/ - Willow Biosciences Inc. (the " Company") (TSX: WLLW), in connection with its proposed TSXV Sandbox listing, is pleased to announce that it has received conditional acceptance to list its common shares on the facilities of the TSX Venture Exchange (the " TSXV") as a Tier 2 Investment Issuer under the TSXV Sandbox Program upon closing of the previously announced (a) non-brokered equity private placement for aggregate gross proceeds of $30.0 million (the " Private Placement"); (b) appointment of a new management team and new board of directors; (c) name change to "Atlas Energy Corp."; and (d) consolidation (the " Consolidation") of the common shares of the Company (the " Common Shares") on the basis of one (1) post-Consolidation Common Share for every five (5) pre-Consolidation Common Shares, which are expected to be completed on June 19, 2025 (collectively, the " Transaction"). The TSXV Sandbox is an initiative intended to facilitate listing applications that may not generally satisfy the requirements and guidelines of the TSXV, but due to facts or situations unique to a particular issuer otherwise warrant a listing on the TSXV or an exemption from certain requirements in the TSXV Corporate Finance Manual. The post-Consolidation Common Shares are expected to commence trading under the new name "Atlas Energy Corp." and new symbol "ATLE" on the facilities of the TSXV at market opening on Tuesday, June 24, 2025, and the common shares of Willow Biosciences Inc. will be concurrently delisted from the Toronto Stock Exchange (the " TSX").The Company will remain a "reporting issuer" under applicable Canadian securities laws through the listing transition process from the TSX to the TSXV. Shareholder approval is not required under the policies of the TSX to proceed with the transition as the TSXV is an acceptable alternative market. No action is required by shareholders in connection with the transition of the Company's listing to the TSXV. The Company does not currently meet certain of the continued listing requirements of the TSX or the original listing requirements of the TSXV set out in Policy 2.1 – Initial Listing Requirements because the Company will have no specific investments at the time of listing on TSXV and will therefore not meet the initial listing requirement of having 50% of its available funds invested in 2 specific investments at the time of listing to meet initial listing requirements for a Tier 2 Investment Issuer. As such, the TSXV has exercised its discretion to waive certain original listing requirements in granting the Company conditional acceptance of listing pursuant to the TSXV Sandbox. The Company will remain listed pursuant to the TSXV Sandbox until the following exit conditions (the " Exit Conditions") are met within 12 months of listing on the TSXV (the " Exit Deadline"): (i) the Company has completed the Private Placement for aggregate gross proceeds of $30.0 million; (i) the Company has deployed at least 50% of its available funds following completion of the Private Placement to fund two or more qualifying investments that are satisfactory to the TSXV; (ii) the Company has no outstanding compliance or disclosure issues; and (iii) the Company has made a formal application to the TSXV for an exit review, along with the applicable filing fee, and the TSXV is satisfied the Exit Conditions have been met. If the Company has not satisfied the Exit Conditions by the Exit Deadline, the Company's listing may be transferred from the TSXV to the NEX. So long as the Company remains a TSXV Sandbox issuer, it will also be subject to the following restrictions and disclosure obligations in addition to the TSXV tier 2 continued listing requirements and disclosure obligations pursuant to the policies of theTSXV: (a) any proposed investment is subject to TSXV review and acceptance, including all investments that would otherwise be considered an "Exempt Transaction" as such term is defined in Policy 5.3 – Acquisitions and Dispositions; (b) all the Common Shares and Common Share purchase warrants to be issued to the new management team and new board pursuant to the Private Placement will be held in escrow pursuant to an escrow agreement in the form of TSXV's Form 5D. The first release from escrow will occur on the date on which the TSXV issues a bulletin confirming the Company has satisfied all the Exit Conditions and accepted the Company's exit from the TSXV Sandbox program (the " Exit Date"). On the Exit Date, upon the Company meeting all TSXV Sandbox listing requirements, the TSXV's Tier 2 escrow release schedule will be retroactively applied to the original listing date of the Company on the TSXV pursuant to the TSXV Sandbox program; (c) the Company may grant equity incentive awards but no such awards may vest, be settled or be exercised, as the case may be, until the Exit Date, or in the case of restricted share units, deferred share units or performance share units, until the later of (i) one year from the date of grant and (ii) the Exit Date; and (d) all continuous disclosure documents of the Company must refer to the Company being listed on the TSXV under the TSXV Sandbox program. The Company has received a waiver from the sponsorship requirements under Policy 2.2 – Sponsorship and Sponsorship Requirements of the TSXV of the TSXV's Corporate Finance Manual. The Company also announces the voting results from its special meeting of shareholders held on June 16, 2025 (the " Meeting"). A total of 55,889,478 Common Shares, representing approximately 37.97% of the Company's issued and outstanding shares were represented at the meeting. The shareholders approved the below matters. The resolutions approving the below matters may be viewed in full in the Company's management information circular dated May 13, 2025. For complete voting results on all matters approved at the Meeting, please see the Company's Report of Voting Results dated June 16, 2025, available on SEDAR+ at The Company Following completion of the Transaction, the recapitalized Company will be an international upstream royalty and streaming company focused on the identification, acquisition, management and monetization of a well-diversified portfolio of international upstream oil and gas royalty and streaming transactions. The Company will also evaluate royalty and streaming opportunities in the North American market should such opportunities become available at similar attractive metrics. Reader Advisories Completion of the Transaction is subject to a number of conditions, including but not limited to, the final acceptance of the TSXV. There can be no assurance that the Transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in a TSXV Form 2B – Listing Application to be prepared and filed in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative. This press release is not an offer of the securities for sale in the United States. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The TSX Venture Exchange has in no way passed upon the merits of the Transaction and has neither approved nor disapproved of the contents of this press release. Investors are advised that the Company is expected to be listed on TSXV as a TSXV Sandbox Listing as the Company will not meet all TSXV's listing requirements at the time of listing. Investors are advised to review this news release to review all waivers granted in connection with the Company's listing, details on the listing conditions imposed by the Company, the exit conditions the Company must meet in order to exit TSXV Sandbox, and any consequences if the Company does not meet these exit conditions. Once listed, there can be no assurance that the Company will meet all the Exit Conditions. For details on TSXV Sandbox Listings, please visit resources/tsxv-sandbox. Forward-Looking and Cautionary Statements This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this news release contains forward looking statements and information concerning: the Transaction; the timing and ability of the Company to commence trading on the TSXV (if at all); and the business and operations of the Company; the completion, ratio and timing of the Consolidation; the recapitalized Company's corporate strategy; the financial performance of the recapitalized Company; and other anticipated benefits of the Transaction. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including expectations and assumptions concerning the Transaction, the Consolidation, the satisfaction of other closing conditions in accordance with the terms of the Agreement and the ability of the new management team to implement the corporate strategy of the recapitalized Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because the Company can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed. These risks and uncertainties, include, but are not limited to, fluctuations in commodity prices, changes in industry regulations and political landscape both domestically and abroad, foreign exchange or interest rates, stock market volatility, the imposition or expansion of tariffs imposed by domestic and foreign governments or the imposition of other restrictive trade measures, retaliatory or countermeasures implemented by such governments, including the introduction of regulatory barriers to trade and the potential effect on the demand and/or market price for the oil and gas production and/or otherwise adversely affects the Company, the availability of investment opportunities meeting the new management team's investment criteria, the retention of key management and employees and obtaining required approvals of regulatory authorities. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. All dollar figures included herein are presented in Canadian dollars. SOURCE Willow Biosciences Inc.

Canada Strong Pass: How to get it, what it includes and more
Canada Strong Pass: How to get it, what it includes and more

The Province

timean hour ago

  • The Province

Canada Strong Pass: How to get it, what it includes and more

Here's how to travel for free or at a discount using the Canada Strong Pass this summer. Here's how to travel for free or at a discount using the Canada Strong Pass this summer. Photo by Via Rail Canada / Via Rail Canada The federal government is hoping to make it easier to vacation at home this summer with the introduction of the Canada Strong Pass. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles by top sports columnists Patrick Johnston, Ben Kuzma, J.J. Abrams and others. Plus, Canucks Report, Sports and Headline News newsletters and events. Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles by top sports columnists Patrick Johnston, Ben Kuzma, J.J. Abrams and others. Plus, Canucks Report, Sports and Headline News newsletters and events. Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors The initiative comes as tourism to the U.S. continues to trend downward, with Canadians opting to stay close to home for their summer travel in light of President Donald Trump's policies and continuing tariff and border concerns. Here's everything you need to know about the Canada Strong Pass: What is the Canada Strong Pass? The Canada Strong Pass was launched by the Government of Canada and allows you to visit a number of national parks, museums, and attractions across Canada either for free or at a discounted rate. It also includes free travel for kids and discounted travel for young adults on board Via Rail this summer. There is no cost for the pass and it is in effect from June 20 until Sept. 2, 2025. Who is eligible for the Canada Strong Pass? The Canada Strong Pass is for anyone, regardless if you live in Canada or if you are visiting from elsewhere. Essential reading for hockey fans who eat, sleep, Canucks, repeat. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. The pass does offer great value in particular for families travelling with young kids or young adult travellers. How do you get the Canada Strong Pass? There's absolutely nothing you need to do to get the pass! The Canada Strong Pass is not a physical or virtual pass that you need to get; just simply show up at the included attractions. However, there are some included attractions that will require advance reservations or booking before you can avail of the Canada Strong Pass discount. What destinations or admissions are included for free or a discount in the Canada Strong Pass? The Canada Strong Pass includes discounts or free admissions to Parks Canada sites, national museums, Via Rail, and participating provincial and territorial museums and galleries. This advertisement has not loaded yet, but your article continues below. The pass includes free admission to all national parks, national historic sites and national marine conservation areas overseen by Parks Canada. The pass also includes a 25 per cent discount on camping fees at Parks Canada sites. Note that the pass does not include provincial, municipal or private parks, or Parks Canada locations operated by a third party. Fees will still apply for those sites. For the full list of included Parks Canada sites, check their list online here. National museums The pass includes free admission for those aged 17 and under, and 50 per cent off for those aged 18 to 24 to national museums. Note that the pass does not include special events and programs, or summer camps. Participating national museums include: This advertisement has not loaded yet, but your article continues below. Ottawa / Gatineau (National Capital Region): • Canada Agriculture and Food Museum • Canada Aviation and Space Museum • Canadian Museum of History • Canadian Museum of Nature • Canada Science and Technology Museum • Canadian War Museum •National Gallery of Canada Halifax: Canadian Museum of Immigration at Pier 21 Québec: Plains of Abraham Museum Winnipeg: Canadian Museum for Human Rights Via Rail The pass includes free Via Rail travel for those aged 17 and under when accompanied by an adult, and 25 per cent off for those aged 18 to 24. Free travel: To access the discount for kids aged 17 and under, just use the discount code CANADAFAM when booking travel. Discounted travel: To access the 25 per cent discount for those aged 18 to 24, just use the discount code CANADA1824 when booking. If you had previously booked Via Rail travel for this summer, reach out to Via Rail directly to inquire about reimbursements. sip@ Read More Vancouver Canucks National Sports Vancouver Canucks Local News

Kristi Searle: The way a company deals with people during difficult times is critical
Kristi Searle: The way a company deals with people during difficult times is critical

Vancouver Sun

time2 hours ago

  • Vancouver Sun

Kristi Searle: The way a company deals with people during difficult times is critical

The economic fallout of U.S. President Donald Trump's tariffs means business leaders across Canada are facing tough financial realities, and some will be forced to make changes to their workforce. The last time Canadian businesses faced mass workforce disruptions tied to trade with the U.S., it was the 1990s. NAFTA reshaped industries and recessions forced deep cuts. For business leaders, workforce reductions were a simple equation: reduce costs, hand out pink slips, protect the bottom line. In the 1990s, restructuring happened quietly, efficiently, and with relatively little public fallout. There was no social media. No employer review websites where reputations could take a hit overnight. Executives made cuts behind closed doors, few questioned it, and the world moved on. A daily roundup of Opinion pieces from the Sun and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Informed Opinion will soon be in your inbox. Please try again Interested in more newsletters? Browse here. But that's not how business works anymore. Canadian business leaders are now weighing their next moves. Some will wait to see just how bad things get. Others are quietly making contingency plans. The companies that navigate this moment strategically will survive and may even emerge stronger. The ones that rely on outdated thinking won't. In today's economy, every business decision plays out in the public arena. Employees call out what they see as bad leadership. And the way a company treats its people during difficult times affects its ability to attract and retain top talent later. Need a real-time example of what happens when workforce reductions are handled without a strategy? Elon Musk's DOGE layoffs dominated the headlines, and not in a good way. The next Canadian business leader to announce mass layoffs could wake up to their name in the headlines, branded 'the Elon Musk' of layoffs in Canada. Once that narrative takes hold, there is no getting ahead of it. The business leaders who are thinking ahead are already preparing. They aren't waiting to see the effects of a trade war. They're making decisions now to ensure that if job cuts become necessary, they are handled strategically, ethically, and with the long game in mind. That means developing a plan to maintain workforce agility. It means looking at alternatives like re-skilling, redeployment, and voluntary exit packages. Smart Canadian companies are ensuring that if job cuts do happen, they are managed with integrity, clear communication, and a plan that doesn't weaken company culture. But it also means thinking beyond the internal impact. The way an employer communicates its decisions to the world will shape its future workforce. Mishandling reductions today will make it harder to attract good talent later. The organizations that emerge strongest from economic downturns are the companies that navigate these moments with strategic foresight, rather than relying on outdated playbooks from the last century. For leaders bracing for uncertainty, one thing should be clear: Workforce adjustments cannot be handled like they were in the past. The expectations are different. The risks are greater. Frankly, the companies that get ahead of this now, before they are forced into action, will be the ones still standing when the dust settles. Because it's 2025 and there's no such thing as 'quiet' restructuring anymore. Kristi Searle is human resources professional and the CEO of Peoplebiz Consulting Inc. She advises business leaders on workforce strategy, organizational change, and crisis management.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store