HUDSON’S BAY COMPANY

a British trading company set up in 1670 to buy and sell the products of northern Canada, such as furs. The company helped to make it easier for people to settle in Canada by establishing trading posts and transport routes all across the country. It owned very large areas of Canada, which it sold to the Canadian government in 1870. The company was run from England until 1931. It now owns department stores throughout Canada.