A large, formerly rich fishery in the north Atlantic off the coast of Newfoundland, Canada. A series of shallow banks, 25-100 meters in depth. Cold water from Labrador mixes with the warm Gulf stream to make spawning and feeding grounds for many fish and shellfish, such as including Atlantic cod, haddock, various flatfish and lobster. The region also hosts seals, porpoises, whales and of course Newfies.
Icebergs are common in winter (eh, Titanic?)
As well, underneath the sea floor are rich petroleum reserves. The Hibernia oild field is the first project to tap these oil reserves. An ongoing nightmare for fishermen and environmentalists is the possibility of further commercial development of these resources.