The Grand Banks of Newfoundland are a series of underwater plateaus south-east of the island of Newfoundland on the North American continental shelf. The Grand Banks are one of the world's richest fishing grounds, supporting swordfish, haddock and capelin, as well as shellfish, seabirds and sea mammals. Overfishing in the late 20th century caused the collapse of several species, particularly Atlantic cod, leading to the indefinite closure of the Canadian Grand Banks fishery in 1992.
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Grand Banks in the context of Avalon Peninsula
The Avalon Peninsula (French: Péninsule d'Avalon) is a large peninsula that makes up the southeast portion of the island of Newfoundland in Canada. It is 9,220.61 square kilometres (3,560.10 sq mi) in size.
The peninsula is home to 270,348 people, about 52% of the province's population, according to the 2016 Canadian census. The peninsula is the location of St. John's, the provincial capital and largest city. It is connected to the main section of the island by the 5 km (3 mi) wide Isthmus of Avalon. The peninsula protrudes into the rich fishing zones near the Grand Banks. Its four major bays (Trinity Bay, Conception Bay, St. Mary's Bay and Placentia Bay) have long been the centre of Newfoundland's fishing industry.