There is a twice daily (bi-directional) mass movement of
water through Hudson Strait (ocean tides) that could help
maintain a clean marine environment at enclosures such as
fish farms. There are several channels inside Hudson Strait
where undersea marine turbines may be installed to generate
electric power (an estimated 30,000 MW) from the ocean tides
that move between the North Atlantic Ocean and Hudson Bay.
It could be used to serve local needs and some of it could
be used to generate hydrogen for export to markets in
Europe. A portion of that power could be pumped into
hydraulic storage at a few hydroelectric dams in Quebec.
Warmer northern waters will provide opportunity to generate
large amounts of power from ocean tidal currents.
The Northern Canadian fishing industry could supply the
growing market demand for omega-3 fish oil (after the oceans
become depleted of fish). It is likely that private
companies could raise fish species in Northern waters that
are high in omega-3 oil (it is an essential oil/fat that
sustains the health of the human heart). Suitable cool
(cold) water fish species could be commercially raised in
and around Ungava Bay, Foxe Basin, Hudson Bay and Hudson
Strait. The list could include krill, cod, salmon and
perhaps sardines. Warmer headwaters of several northern
rivers that flow into Hudson Bay could become suitable
spawning grounds for some species of salmon.
Warmer weather and warmer water in northern Canada could
attract some fish species from more southerly locations to
migrate northward to locations that could include Hudson Bay.
A subtropical climate once existed in Northern Canada and
the eventual presence of fish from southern locations in
Northern Canadian waters may occur quite naturally. It could
recreate a marine ecosystem that once existed there several
millennia ago. Aquaculture companies that build and install
artificial reefs in Northern Canadian waters could develop a
viable marine industry that could simultaneously serve
market needs while it coexists within an evolving marine
ecosystem. Industries that prepare fish and fish products
for market could be developed around the towns of Churchill,
Manitoba, and Moosonee, Ontario.
The development of a Northern Canadian aquaculture industry
would best be undertaken in a regulatory-free
environment. Canada's federal government has
regulated the East Coast cod fishing industry into virtual
extinction. That result indicates that the federal
government could best benefit the development of a new
northern marine industry by allowing laissez-faire economics
to prevail while it upholds and protects private property
rights. Such an approach could create a viable industry as
well as a sustainable marine ecosystem. The well-being of
that marine ecosystem would be essential to sustain the
viability of the private aquaculture industry.
Such an industry could be developed in Northern Canada in
the absence of state regulation and without any partnership
with any government. The federal government could benefit
from such development by seeking to change the word "Strait"
to "Channel" as it applies to some northern water passages.
Foreign vessels would no longer have a right of passage through some of these channels. Canada's armed forces may
subsequently stand on guard at the entrances to certain
bodies of waters in Northern Canada to assert Canadian
sovereignty (which is actually an appropriate role for
government). Hopefully by that time Canada's armed forces
would no longer be on duty in Afghanistan and be available
to attend to domestic matters.