Essay On Canada's Fishing Industry

With a coastline of over 202 000 km and over a fourth of the world’s freshwater resources, it is no wonder why Canada’s fishing industry is a huge part of its economy.1 Canada exports more than 75% of its fish to over 130 countries worldwide. Many of the 7 million people who reside on the coast depend on the ocean’s resources. In total, Canada’s entire fishing industry is worth around 5$ billion dollars a year, being one of the world’s most valuable. However, the coasts have not been treated by respect; overfishing, over consumption, and wasteful practices has deteriorated, not only the industry, but the ecosystems and fish populations. This is a huge global issue; the worldwide collapse of fisheries has been project for 2048. Slowly, as the trends continue, we will inevitably see many fish species start to disappear. In fact, the ill-treatment of species on the Canadian border has already devastated a large specie, the cod. In the 1950s the Newfoundland Grand Banks was home to a plentitude of cod; early European explorers

Overfishing is defined as a form of overexploitation where fish stocks are brought down to unacceptable levels. In the UN Food and Agriculture Organization’s 2 yearly report (SOFIA), it states how over half of the fish stocks, worldwide, are fully exploited. Other research has shown it only takes 10-15 years of industrial fishing to obliterate a tenth of the intended specie. Overfishing causes a ripple effect that hurts the entire ecosystem. The balance of chain depends largely on the interaction between the predator and the prey. For example, if the larger fish are removed than its prey begins to overpopulate, due to the lack of population control. The balance in the oceans are a urgent problem, around 90% of predatory fish stocks are depleted. The ripples can extend even further to land creatures like