La Libra, Facebook's digital currency, announced for 2021 in reduced format

The launch of Facebook's digital currency, Libra , could take place in 2021. The project may benefit from favorable factors in the global economy, but regulators will have to be convinced first.  Facebook could launch Libra, its digital currency in 2021, we learn from the British media Financial Times, which quotes people close to the process. The product is expected to arrive in a limited version, after the project has met with great aversion from regulators, including in the United States, the country where the headquarters of the social media management company are located. The stakeholder association behind this digital currency project is now planning to launch a single version of Libra that will itself be pegged to the dollar, at the rate of one unit of US currency for each Facebook digital currency . “The other forms of currencies will be deployed at a later stage,” the FT source added. The exact launch date will depend on when the project

Snow crab fishing is delayed

The Canadian federal government has delayed the opening of the snow crab season in the Gulf of St. Lawrence due to concerns associated with the COVID-19 pandemic. The Department of Fisheries and Oceans said this week that its decision to postpone the start of the season will allow everyone involved in this industry to put in place the measures necessary to ensure everyone's health and safety.
Snow crab fishing

Companies processing seafood in the Maritimes have asked Ottawa to delay the crab and lobster season, noting that if it goes ahead as originally agreed, then fishing could pose a health risk workers - and ultimately consumers - during the COVID-19 pandemic. Federal authorities have mentioned that they will postpone the start of the 2020 season in zone 12, near the Magdalen Islands, to April 24, while fishing elsewhere in the Gulf of St. Lawrence, such as zones 12C , 15, 16 and 16A, will be postponed until May 1st.

Zone 12 represents Quebec's most important territory for snow crab fishermen, and the season started everywhere else in the province three weeks ago.

"Quebec players in the fishing industry were unanimous in their desire to start the season now, in order to benefit from the longest fishing period possible before the arrival of right whales in the sector," said André Lamontagne , the Quebec Minister of Agriculture, Fisheries and Food. "Because of their imminent arrival, the federal government’s decision will deprive Quebec fishermen of two crucial weeks, risking penalizing the economy of our coastal regions," he added.

However, a note sent to federal ministers by the New Brunswick and Nova Scotia Lobster Processors Association warned that even if new protocols were adopted in factories to prevent the spread of the virus, processors and fishermen are at risk of working close to each other in areas where hospital resources are limited.

The crab season in the Gulf of St. Lawrence was set to begin in the coming days, once the ice cover had disappeared. The eastern provinces have declared fishing an essential service, but one company recalled that the main markets for snow crab - Japan and the United States - are virtually stalled, as the restaurants, casinos and cruise ships are all closed.

Lynn Albert, who runs two lobster and crab processing plants in the Magdalen Islands, said her products would lose value if they got stuck in distributors' warehouses. "It is very risky to start such businesses in small rural communities and spread the virus when there is no emergency protocol for the product," she said. As everyone knows, the planet is on hiatus ... and I don't think that in the middle of a crisis people will rush for snow crab. " She added that the average age of employees at her company "The Renaissance of the Islands" is 62. It employs 350 people and processes five million pounds of lobster and snow crab each spring.