Among the most plentiful species of fish are cod, haddock, rosefish, various flatfish, herring, and.... grand banks.

In 1977 Canada extended its seaward fishing claim to encompass all areas within 200 nautical miles (370 km) of its shores, including most of the Grand Banks. Agreements between Canada and other countries accustomed to fishing within Canada's newly extended coastal fisheries jurisdiction were concluded and limited the catch of foreign countries to certain more abundant species that were beyond Canada's capacity to harvest. APA style: Grand Banks. grand banks.