Fleetwood and as transport became more efficient, more overnight visitors became day visitors. The Hillhouse plant was heavily cut back, and was finally closed in 1999. Most serious, however, was the collapse of the fishing industry, which was largely destroyed in the late 1960s and early 1970s by the Cod Wars, a dispute over fishing rights between Iceland and the UK. As Fleetwood's trawlers mainly fished the North Atlantic in search of cod, the loss of the fishing grounds hit the town hard. The last deep sea trawler left the town in 1982 and now only inshore fishing boats fish out
Cod fisheries needed and areas where opposite observations were gaining press attention. In effect, DFO's opposition to a listing compromised its ability to carry out its conservation mandate. The ban on Canadian cod fishing was partly lifted in 1997 by the Minister for DFO just ten days prior to a federal election, despite that independent Canadian scientists and the International Council for the Exploration of the Sea doubted there had been sufficient recovery. In general, depleted populations of cod and other gadids do not appear to recover easily when fishing pressure is reduced or stopped. In 2003, COSEWIC in an update designated