y fishermen from all over Europe flocked to the Grand Banks.
             These fishermen who came to the Grand Banks during the summer season became the first European fur traders in the New World. This trading was mostly done between the Micmac Indians, and the French, Spanish or Portuguese fishermen. The fur trade at this stage, remained secondary to the cod industry, with fishermen trading to earn extra money. It was profitable for them because they traded the ship's supplies which were provided by the owner of the ship, by emptying the ship of its cargo; they also did not have to pay for the furs to be transported back to Europe; they were getting the furs for free and transporting them for free. The Indians also benefited from this trade relationship because the sailors were generous traders, since they were trading someone else's goods .
             Big business paid little attention to the early fur trade, for the fur trade was a crowded market, and few businessmen saw any real chances for profit in the New World fur trade. Late in the sixteen
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