Radinsson and Groseillies explored all the way to Hudson Bay
The First ships
The first ships, the Eaglet and the Nonsuch , were dispatched to the territory traversed by rivers flowing into Hudson Bay.
Wealthy English merchants formed the Hudson's Bay Company
King of England granted the company a fur trade monopoly.
The Royal charter was proclaimed
The Governor and Company of Adventurers of England trading into Hudson Bay was granted wide powers, including exclusive trading rights in the territory of Hudson Bay.
HBC introduced the Made Beaver as currency
Indigenous groups influenced to change their traditional lifestyle and economical system
Indigenous groups became reliant on European manufactured goods for survival.
The Treaty of Paris
The company’s French rivals were replaced by the Montréal-based trade network taken over by the British.
Merger of the two parties
1821 A merger of the two parties was arranged and extended the company’s monopoly privileges to include the Northwest Territories. This had an adverse effect on Indigenous groups who had become reliant on the fur trade for survival.
The Establishment of Land Commissioner's Office
The company was active as a major real estate developer, acquiring control of Mark borough Properties.
Expansion with the acquisition of Shop- Rite
HBC opened its first Toronto store at Yonge and Bloor and moved its corporate offices to Toronto.
HBC, taking over from Roots Canada, outfitted the Canadian Olympic team with iconic toques and mittens.