During the last decade, Canada has become one of the most important producer and shipper of iron ore in the world. This situation is mainly due to the exploitation of huge resources in Labrador and Québec and the increasing shipping of concentrates and pellets to the United States, to Europe and Japan. Considering their up to date equipment, the Canadian producers are now in a position to offer first quality iron ore, to profit of the new shipping conditions and to conquer world markets. Iron ore is another staple which raises the question of foreign ownership over Canadian resources.