“It should be good,” said Tignish fisherman, Kenny McRae. - TopicsExpress

“It should be good,” said Tignish fisherman, Kenny McRae. “It should be good for the American market.” Island fishermen saw the value of their 2014 catch increase, on average, 75 to 86 cents a pound from 2013, and that was prior to the Canadian loonie starting its free-fall. The Canadian currency, which was valued at 0.9393 against the US dollar on July 3, had slumped to 0.8899 in late November before taking a major dive in the past three weeks. It dropped more than a cent since The bank of Canada lowered the interest rate Wednesday and was trading at 0.80759 cents at 5:00 Thursday. That placed the value of the US dollar, in relation to the Canadian loonie, at $1.23836.

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