Grand Banks

Grand Bank is the largest and most varied of the "banks" in the south and east, shallow waterways with large stocks of fish which have attracted fishermen for centuries and still continue to do so. Grand Bank is where the Labrador current and the Gulf Stream meet, causing the colder stream to sink below the warmer, thus churning up plankton from the sea-bed. The plankton then rises to the surface and attracts great shoals of fish. Traditionally mainly fish of the cod group are caught, together with some herring. The fishing-boats used to be known as "bankers".

Oil and gas are also drilled for on Grand Bank.