Traveling to Atlantic Canada? Expect to pay more for lobster

For most tourists, a visit to Halifax wouldn’t be complete without a lobster roll. But some Atlantic restaurants are restoring the removal of the popular seafood snack from their menus as prices hit historic highs.

Most catches at Armview Restaurant and Lounge in Halifax, for example, average $15. But as the price of lobster soars, the cost of their lobster roll has risen to $30.

Colin March, head chef at Armview Restaurant and Lounge, told CTV National News: “We’re a family meal, and putting lobster bread on the menu we can range in age from medium to low.” .

As the pandemic hit, demand for lobsters plummeted and prices for hunted crustaceans rose as well. The shore price – the amount the fisherman receives at the dock from the buyer – goes as low as $4 a pound.

Prices have since rebounded significantly, with jetty prices almost five times what they were two years ago.

“Think overall, this is a good time to be a lobster fisherman,” March said.

Canada’s lobster exports reach a staggering $3.3 billion in 2021, beating the previous record by more than 25%.

But that doesn’t mean the profits are insanely high. Costs have gone up for everything from fuel for boats to bait.

However, despite the price increase, restaurants hope locals and tourists alike embrace the price increase to support the local economy.

“We are Nova Scotia’s biggest export and the main economic driver,” March said. “Expensive lobster is good for everyone in Nova Scotia – not just lobster fishermen.”

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