For many years, the lobster fishery has been of great importance in Bayfield. In 1929, a lobster cannery run by Tuttle King began operation on the Bayfield side of the channel between Bayfield and Pomquet. At about the same time, Fred Irving opened a cannery near the Bayfield Wharf.

It is a historic, busy fishing wharf that primarily supports the local lobster industry. The wharf was upgraded in 2003 and now has a breakwater, floating dock, and slipway.

The wharf has long supported local fisheries, including the Paqtnkek Fisheries Enterprise, which holds lobster licenses here. A lobster pound was set up in 1972.

A breakwater built in 1989 helps protect the harbour. The current wharf and floating docks were added in 2003.