Red Bay is a National Historic Site of Canada, and has been nominated by Canada for inclusion as a UNESCO World Heritage Site. One of the reasons is the importance of the Basque whaling activity that thrived here in the 16th and early 17th centuries. Sunken Basque galleons and smaller boats from the period have been discovered just offshore. Although the whale population is much diminished today, it is still a popular activity to watch them, as well as the icebergs that float down from the seas further north.