Newfoundland has a longer connection with Great Britain than any other place in the New World, but it was not until 1949 that it gave up its colonial status and joined Canada as the 10th province. Newfoundland is Canada's easternmost province. Like Newfoundland, it is primarily an island, although unlike PEI it includes a substantial mainland territory in Labrador. Next to PEI, Newfoundland has the smallest population of any Canadian province. The economy of Newfoundland is based on fishing and the exploitation of its timber resources. Mining is also a major contributor. The capital of Newfoundland has been St John's since 1729.