Challenging market conditions created by the COVID-19 pandemic, coupled with low prices in North America, dampened Grieg Seafood's profits at its Canadian operations in the second quarter, but the company is bullish about its growth prospects in the country.

Grieg's Canadian operations, which include farming only in British Columbia, reported a 5 percent rise in earnings before interest, tax, depreciation and amortization (EBITDA) to NOK 14.4