Why do fog banks often form near the Grand Banks of Newfoundland?

Fog banks frequently form near the Grand Banks of Newfoundland due to the creation of advection fog, a process that occurs when warm, moist air moves over a colder surface.12

In this region of the Atlantic Ocean, the relatively warm waters of the Gulf Stream meet the cold, southward-flowing Labrador Current. When humid air associated with the warm Gulf Stream passes over the cold waters of the Labrador Current, the air is chilled to its dew point, causing widespread condensation. This interaction creates dense, persistent fog, making the Grand Banks one of the foggiest regions in the world.34512