Tag Archives: Northern Cod Adjustment and Recovery Program

25 Years ago Today – The Northern Cod Moratorium

Sunday, July 2, marks a quarter of a century since then federal fisheries minster John Crosbie announced what was planned to be a two-year moratorium on the northern cod fishery. It continues on today, though it has often seemed lost in the wake of a lucrative crab and shrimp fishery that remarkably saved the industry and many communities. But back in 1992, a province settled and built on the back of the mighty cod fishery — a renewable resource if properly taken care of — was knocked off course with the swipe of a pen. Some fishermen tried to knock down the doors to the hotel conference room in St. John’s where the announcement was made that July 2, 1992. Other fishermen who were forced to lay down their cod traps and nets, wanted to burn their boats. About 40,000 people were put out of work in Newfoundland and Labrador and the other Atlantic provinces combined. click here to read the story 09:10