FILE - Cod fill a box on a trawler off the coast of Hampton Beach, N.H, April 23, 2016. On Wednesday, June 26, 2024, the Canadian government announced the end of the Newfoundland and Labrador cod moratorium, which gutted the Atlantic-coast provinces economy and transformed its small communities more than 30 years ago. – ST.
Ottawa announced the devastating cod moratorium on July 2, 1992. Cod stocks off the province’s northern and eastern coasts were collapsing, and the moratorium was introduced as a way to help them recover. Before then, the cod fishery was a primary economic driver in the province, and the moratorium put tens of thousands of people out of work.
With fish plants closing and jobs drying up, young people in rural Newfoundland and Labrador began to leave for St. John’s or mainland Canada to find work. Between 1991 and 2001, the province’s population fell by about 10%, largely because of people leaving outport communities, according to the Heritage Newfoundland and Labrador website.
Last year, Fisheries Department scientists announced they had used new modelling showing the cod stock was out of the “critical zone” for the first time in decades. When a species is in the critical zone, scientists recommend it be left alone as much as possible and that catch limits remain small.
Source: Financial Digest (financialdigest.net)
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ABC - 🏆 471. / 51 Read more »
Source: AP - 🏆 728. / 51 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »
At 8-1 Odds, This Canadian Is Enticing Live Bet After 36 Holes at Canadian OpenRyan Fox and Robert MacIntyre share the lead, but a hometown favorite lurks just down the board.
Source: SInow - 🏆 273. / 63 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »