CANADA COMPANY


Meaning of CANADA COMPANY in English

Organization instrumental in colonizing much of the western part of Upper Canada (now Ontario).

The company was formed in 1824 to bring settlers to the region. It was directed until 1829 by John Galt (1779–1839), founder of Guelph and father of Alexander Galt . Though the company, chartered with 2.5 million acres, was criticized as a monopoly, it continued to exist until the 1950s.

Britannica Concise Encyclopedia.      Краткая энциклопедия Британика.