Collapse of the Atlantic northwest cod fishery

In 1992, Northern Cod populations fell to 1% of historical levels, due in large part to decades of overfishing. The Canadian Federal Minister of Fisheries and Oceans, John Crosbie, declared a moratorium on the Northern Cod fishery, which for the preceding 500 years had primarily shaped the lives and communities of Canada's eastern coast. A significant factor contributing to the depletion of the cod stocks off Newfoundland's shores was the introduction of equipment and technology that increased landed fish volume. From the 1950s onwards, new technology allowed fishers to trawl a larger area, fish more in-depth, and for a longer time. By the 1960s, powerful trawlers equipped with radar, electronic navigation systems, and sonar allowed crews to pursue fish with unparalleled success, and Canadian catches peaked in the late-1970s and early-1980s. Cod stocks were depleted at a faster rate than could be replenished.

The trawlers also caught enormous amounts of non-commercial fish, which were economically unimportant but very important ecologically. This incidental catch undermined the stability of the ecosystem by depleting stocks of important predator and prey species.