Home of the oldest known settlement anywhere in the
Americas, Newfoundland & Labrador is steeped in history and its
people have strong ties to the land. For the first three hundred
years after European settlement, this province depended almost
solely on fishing, but the last few decades have seen a more
diversified economy develop that includes hydroelectricity, oil and
gas, and the booming tourism industry.

An entry point to all
North American markets
Thanks to its strategic location and over five centuries
experience in overseas trading, Newfoundland is a gateway between
North America and Europe. To support this role, this province
boasts a modern and far-reaching transportation and communications
infrastructure that can carry information and Canadian products to
various markets both near and far. Business people also benefit
from the lowest labour costs in Canada, extensive research &
development facilities, and a competitive tax environment.
A friendly environment
rich in Celtic culture
Although it was the last province to
join Canada in 1949, Newfoundland is one of the first places
discovered in the New World and it's capital, St. John's, is
considered to be the oldest city in English-speaking North America.
The ancient beauty of this province is best seen in Gros Morne
National Park, which was named a UNESCO World Heritage site in 1987
due to its unique geology and breathtaking scenery.
Newfoundland is one of the friendliest and safest places in
which to live, with clean air and fresh water, low cost of living,
affordable housing, and a low crime rate. This province also
invests heavily in education, and boasts Memorial University of
Newfoundland, which is the largest university in Atlantic Canada
spread over four campuses.
|
Newfoundland & Labrador - Exports and
trade (2004)
|
| Total international exports
($CDN |
$4.6 billion
|
| |
| International export markets
(%) |
| United States |
60.6%
|
| China |
6.3%
|
| Spain |
5.4%
|
| Top three international exports
(%) |
| Mineral fuels and oils |
51.8%
|
| Fish |
18.3%
|
| Paper and paperboard |
11.0%
|
Source: "Newfoundland and Labrador Provincial
Profile"
|