Sport fishing in Newfoundland and Labrador involves three main species of fish. The most popular of the three being Atlantic Salmon. Sixty percent of North America's Atlantic Salmon rivers are located in Newfoundland and Labrador.

In addition, both the island of Newfoundland and Labrador offers excellent brook trout fishing opportunities. Arctic Char and Northern Pike fishing is more common in Labrador but the northern areas of the island also has some good arctic char fishing.

Labrador is world renowned for its incredible catches of Lake Trout. World record lake trout have been angled in the waters of Labrador, Canada.