Fast Facts: Located in the northeast region of Canada along the Atlantic coast, Newfoundland and Labrador incorporates both the island of Newfoundland and the mainland region of Labrador. The capital and largest city is St. Johns.
Newfoundland and Labrador Careers: Newfoundland and Labrador’s population was recently estimated as over 500,000 by the 2006 Canada Census of Population. Healthcare and social assistance along with wholesale and retail trade are the leading industries in terms of paid employees.
Newfoundland and Labrador Economy: Often nicknamed “the rock” in reference to its widespread lack of arable land, the economy of Newfoundland and Labrador accordingly relies heavily upon mining and manufacturing in conjunction with a strong fishing industry.
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Location, Location, Location: The province is located along the Atlantic coast in the northeastern region of Canada. It consists both of the island of Newfoundland and the mainland region of Labrador.
Cities: The capital and largest city of the Newfoundland and Labrador province is St. John’s.
Behind the Name: Canadians generally refer to the province itself as simply “Newfoundland,” while using the term “Labrador” to describe the region on the Canadian mainland.
A Closer Look: Formerly a colony and dominion of Great Britain, the region became the tenth formal province of Canada in 1949 simply as Newfoundland. It was not until December of 2001 that the province was officially designated as Newfoundland and Labrador.
Did You Know? While the inhabitants of the island of Newfoundland are mainly of English and Irish descent, the sparsely populated Labrador region consists in large part of small indigenous populations such as the Inuit and Montagnais-Naskapi.
Population: 500,610, as estimated by Canada Census of Population, 2006.
Business Environment: Canada was ranked 2nd of 181 countries in a 2009 “Best Country to Start a Business” by DoingBusiness.org.
Top Industries: In terms of paid employees, according to a Statistics Canada 2009 study: (1) health care and social assistance; (2) trade; (3) educational services; (4) public administration; and (5) construction.
Taxes: The Canada Revenue Agency reports: a Progressive Income Tax Rate; and a 13% Sales Tax.
Cost of Living: The Consumer Price Index had increased to 115.8 in June of 2009 (from 100.0 in the Year 2002), according to Statistics Canada, 2009.
Weather: Average Temperature (in °F.) – Jan: 20; Apr: 43; July: 69; Oct: 48, according to Weather.com.
K-12: Canada ranked 2nd of 17 peer countries in a 2008 Conference Board of Canada Ranking.
College Education: The provincial center and capital city of St. Johns is home to the Memorial University of Newfoundland (a public university), Lawrence College (a private institution), and the Marine Institute (a community college).
In General: Led primarily by the services sector, the province’s economy is also heavily dependent upon mining, oil production and various manufacturing enterprises.
Service Industry: Serving as the leading industry in terms of Gross Domestic Product (GDP), the services sector is led by financial services, health care and public administration. In addition, tourism serves as a valuable piece of Newfoundland and Labrador’s economy.
Agriculture: Often nicknamed “the rock” in reference to its lack of arable land, Newfoundland and Labrador has a limited agriculture industry. Potatoes, rutabagas, turnips and cabbage along with some poultry and pork are produced for domestic purposes
Manufacturing: Paper mills are the leading piece of the manufacturing industry, with newsprint being produced in the province. Lumber is also produced and exported by a number of mills in Newfoundland and Labrador.
Mining: Petroleum is the most profitably mined product in Newfoundland and Labrador in terms of net revenue. Iron ore, metals including copper and zinc, granite and slate quarries are also important contributors to the province’s profitable mining industry.
Fishing: The fishing industry is notably significant in Newfoundland and Labrador, typically contributing over $400 million to the province’s GDP. Shellfish such as crab and shrimp along with seals are the most valuable products.
Did You Know? Wild blueberries, partridgeberries and bakeapples (cloudberries) are harvested for the commercial production of jams and wine.
Sources: In addition to specific citations noted in this “Career Information” section, supplementary source materials include: Canada Statoids; Infoplease.com; and Wikipedia.com.