Hudson's Bay Co

HUDSON'S BAY COMPANY (HBC), Canada's oldest corporation, was formed in 1670 when a group of merchant-traders in England received by royal charter the exclusive right to trade in northern N America. HBC competed with French merchants for dominance in the FUR TRADE until 1763, when Great Britain won control of Canada. After 1763 the French were replaced by Montreal traders, who carried on a spirited competition under the banner of the NORTH WEST CO until 1821, when HBC absorbed its rival. As part...

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