Canada and France have reached a agreement on the division of the Northwest Atlantic Ocean's halibut stock, resolving a conflict that arose due to French fishing activities off the coast of Newfoundland. The dispute arose when Canadian authorities discovered that French vessels, along with those from the Faroe Islands, were fishing for halibut in areas adjacent to Canada's territorial waters, potentially affecting Canada's fishery. This situation prompted the Canadian Department of Fisheries and Oceans (DFO) to caution its own fishing vessels against participating in the French fishery and express concerns about the sustainability of the fish stock.