There is no economic reason for the seal hunt. Most countries have outlawed seal products. Canadians dont wear seal furs. For the most part most of the fur isn’t sold. It’s simply to provide work to out of work fishermen.
The Canadian government spends millions trying to find new markets. It claims that the hunt is cultural but the Inuit of Greenland have condemned the commercial seal hunt off Eastern Canada as an embarrassment to sealers. The commercial seal hunt does not employ any Native peoples. When natives do hunt it’s to survive, they kill what they need to. I think there is a clear difference between this and this hunt.