found
their
catches
dropping off.
government
responded
closing
Grand Banks
groundfishing. Newfoundland’s cod fishing and processing industries were shut down in a bid to let
the vanishing stocks recover. The moratorium was extended in 1994, when all of the Atlantic cod
fisheries in Canada were closed, except for one in Nova Scotia, and strict quotas were placed on other
species of groundfish. Canada’s cod fishing industry collapsed, and around 40,000 fishers and other
industry workers were put out of work.