MPBN Interviews Bayer for Report on Weak Canadian Dollar
The Maine Public Broadcasting Network spoke with Bob Bayer, executive director of the Lobster Institute at the University of Maine, for a report titled “Weak Canadian ‘Loonie’ worries Maine retailers.” Bayer said cheaper Canadian goods currently aren’t making a difference for Maine’s live lobster market, but he predicts there could be an effect on processed lobster this summer. He said Maine has fewer processing facilities than Canada and a weaker Canadian dollar allowing for cheaper workers could worsen the situation for Maine.