PEI

Low lobster prices continue for Christmas

It's good news for consumers looking for a treat this Christmas, but low lobster prices have fishermen worried.

It's good news for consumers looking for a treat this Christmas, but low lobster prices have fishermen worried.

At MacKinnon's lobster pound in Charlottetown, prices are down $3-4 a pound, making them a good deal this holiday season. Despite the good prices, sales are on par with last year. Owner Jim Larkin doesn't know what the current economic crisis will mean as Christmas approaches. 

"It should drive Christmas sales to a nice number. But time will tell of course. We don't know. Everybody's restless with expenditures these days, so we'll see."

North Rustico fisherman Norman Peters says while prices are low for consumers, what lobster fishermen in Nova Scotia are being paid is also down. They're getting about half what they'd usually get for their catch, and that doesn't bode well for P.E.I.'s North Shore fishery, which will start up in late spring.

"We're hoping it'll come back by the spring. People are nervous and that, and scared, and I'm one of them," said Peters.

"I fish lobsters and if I go out and can't make any money how do I pay my man and stuff like that. You've got to be able to make some money out of it, or you'll not be in business very long."

Peters said some fishermen who went to Nova Scotia to work on lobster boats ended up being laid off because of the low prices.

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