Final answer:
The capital city of Newfoundland and Labrador is St. John's, which is an economic hub in the region, especially since the fishing economy has declined.
Step-by-step explanation:
The capital city of Newfoundland and Labrador is St. John's. This city serves as the center of government and is a major hub for the region's economic activities. Despite the decline in the fishing economy due to overfishing in the North Atlantic, Newfoundland and Labrador have been looking to other sources of revenue, such as tourism, to bolster the province's economy.