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Newfoundland and Labrador

Newfoundland and Labrador
Nestled into the northeast corner of North America, facing the North Atlantic is Newfoundland. Lying between the 46th and 61st parallels, the province consists of two distinct geographical entities: Newfoundland and Labrador.

The province's coastline, stretching over more than 17 000 km, is varied and scenic with its bold headlands, deep fiords and countless small coves and offshore islands. The interiors of both Labrador and Newfoundland have a rolling, rugged topography, deeply etched by glacial activity and broken by lakes and swift-flowing rivers.

Newfoundland's climate can best be described as moderate and maritime. The island enjoys winters that are surprisingly mild by Canadian standards, though with a high rate of precipitation. Labrador, by comparison, has the cold winters and brief summers characteristic of the Canadian mid-North.

The People
The province's present population of approximately 509,000 is largely descended from settlers from southwestern England and southern Ireland who immigrated to Newfoundland in the late 1700s and early 1800s. There is also a small but vibrant francophone population, perhaps reflecting France's early presence in the area. The pattern of settlement was mainly determined by the fishing industry, a population distribution that has persisted to this day. St. John's, the historic commercial centre and capital of the island, is the province's largest city, with a population of approximately 172,518.

The Economy
Since its first settlement, Newfoundland and Labrador has been highly dependent on its resource sector. The province was initially settled because of its rich fishing grounds on the Grand Banks.

Recently, the discovery of offshore oil and gas reserves has added a new dimension to the marine resources of the province. The Hibernia discovery in 1979 was Newfoundland's first significant oil find; reserves are estimated at 884 million barrels, making it the fifth largest oil field in Canada. Production began in November 1997 and cumulative oil production to December 1999 totaled about 57 million barrels.

Newfoundland's service sector has experienced substantial growth over the years. Recently Newfoundland's efforts to develop a solid tourism industry have intensified. The province's rich cultural and historical heritage, rugged geography and unique character are considered to be major selling features to other Canadians and travelers from around the world. It is estimated that 393 000 people visit the province each year, spending an estimated $260 million annually.