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In 2018, Canada's fishing industry was worth $36.1 billion in fish and seafood products and employed approximately 300,000 people. [1] Aquaculture, which is the farming of fish, shellfish, and aquatic plants in fresh or salt water, is the fastest growing food production activity in the world and a growing sector in Canada.
In the early-1990s, however, the industry collapsed entirely. In 1992, John Crosbie, the Minister of Fisheries and Oceans, set the quota for cod at 187,969 tonnes even though only 129,033 tonnes had been caught the previous year. [citation needed] In 1992, the government announced a moratorium on cod fishing. [12]
Cod fishing in Newfoundland was carried out at a subsistence level for centuries, but large-scale fishing began shortly after the European discovery of the North American continent in 1492, with the waters being found to be preternaturally plentiful, and ended after intense overfishing with the collapse of the fisheries in the 1990s.
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The fishing industry includes any industry or activity that takes, cultures, processes, preserves, stores, transports, markets or sells fish or fish products. It is defined by the Food and Agriculture Organization as including recreational , subsistence and commercial fishing , as well as the related harvesting, processing , and marketing ...
Fishing in Canada — professional &/or recreational fishing in the freshwater and marine fisheries in Canada Subcategories. This category has the following 3 ...
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Seafood is Canada's single largest exported food commodity, exporting 85% of production, making Canada the seventh largest seafood exporter in the world. [7] In 1986, Canadian aquaculture production amounted to only 10,488 tonnes, valued at $35 million, [ 8 ] and then in 2009 it had a value of $800 million, 69% of which was exported.