Solution:The Labrador Current is a cold current that originates in the Baffin Bay and Davis Strait of the Atlantic Ocean, flows along the Newfoundland coast, east of the Grand Banks, and then merges with the Gulf Stream east of 50°W. The confluence of the Labrador and Gulf Streams causes dense fog near Newfoundland, hindering ocean traffic.
The Florida Current is a warm current; it is the northern extension of the North Equatorial Current, which reaches the Gulf of Mexico through the Yucatan Channel. The North Equatorial Current turns right near the Philippines, turns north, and gives rise to the Kuroshio Current. The East Australia Current is a warm current.