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The Hudson Bay Company is born
Here’s What: The Hudson’s Bay company is officially created with the Royal Charter being signed. The company is put into the Charter and has the monopoly of trade. Specifically, fur trading. So What: The creation of Hudson’s Bay company led to the creation of Rupert’s Land. Consists of forty percent of Canada today. Also, the network of factories formed the most important part for official authority. Now What: The Hudson’s Bay company runs an abundance of shops in Canada. Particularly, retail. -
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Canada and Hudson Bay Company
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York Factory is Established by The Hudson Bay Company
Here’s What: In 1684, the Hudson’s Bay Company recognized and accepted York Factory. York Factory is the first fur trading post by the company. So What: The Hudson’s Bay Company establishing York Factory allowed for the exchange of goods and so it plays a major role in business. Trading was opened and explored which led to Canada developing retail shops. Now What: Developed trade; as a result there are more stores and goods being exchanged today. York Factory is a historic site in Canada. -
Quebec Traders Trade with the Native
Here’s What: People from Quebec continue to follow routes such as the inland rivers to trade with the native people. So What: The routes used to exchange goods had an impact on the British fur trade. Also, this trade led to the Hudson’s Bay Company to decrease its prices. Now What: The Hudson’s Bay Company prices are reduced so trading is enhanced. Also, the concept of trading partners is increased. Traders from Quebec and the native are closer trading partners now. -
Share of the Fur Trade Declines
Here’s What: The Hudson’s Bay Company share of the fur trade is decreasing due to competition with Montreal traders. So What: HBD is falling behind because of Montreal traders and their monopoly of fur trade. This affects Canada because Hudson’s Bay Company is a Canadian retail store. Now What: Canada’s control over fur trade is reduced significantly and that competition is a huge factor in the trades. -
Hudson Bay and North West Merge
Here’s What: The Hudson’s Bay Company and the North West Company merge under the name Hudson’s Bay Company. So What: Establishes efficiency and order. The company profit began to rapidly increase. Furthermore, Canada’s retail shop the Hudson’s Bay Company is refined. Now What: HBD controls more items and land due to the merge. In addition, the merge expands the Hudson’s Bay market since the two powerful companies are one. -
Steamship SS Beaver in Service
Here’s What: The Hudson’s Bay Company steamship is used to transport goods to other countries. So What: Increased the Hudson’s Bay trading opportunities. Also, it is the first steamship used by the company in terms of business. Now What: What this event presents for the future of Hudson Bay and Canada is an increase in trades so more imports and exports since there is an increase in transportation to exchange goods. -
Canadian Pacific Railway
Here’s What: The Hudson’s Bay Company has their Canadian Pacific Railway [CPR] finished. It is directed by, Donald Smith, whom is a Hudson Bay employee. So What: The Canadian Pacific Railway is Canada’s first transcontinental railway and was involved in the development and settlement of Western Canada. Now What: Increased their trade power. Particularly, in Western Canada the exchange of goods will rise since the railway covers a lot of land. -
Contributions to the WWII Effort
Here’s What: The Hudson’s Bay Company contributes during World War Two. They contributed ships which support their associates and carry a material called cryolite to support the war. So What: This event matters because it shows that the Hudson’s Bay Company cares about the country and people and not just about the business. Also, it had an impact on the outcome of the war. Now What: The Hudson’s Bay Company will have a superior corporate culture and more customers due to that. -
Hudson Bay and Morgan Company
Here’s What: The Hudson’s Bay Company acquires Henry Morgan and Company Ltd. Which is a Montreal based department store chain. So What: This event matters because the Hudson’s Bay Company is put in Montreal’s retail district and is expanded in different areas. Now What: The Hudson Bay Company’s retail has been greatly expanded and the company becomes more popular as this is when it is marked as central Canada. -
Zellers is Sold to Target
Here’s What: The event is that the Hudson’s Bay Company sells Zeller rental agreements to Target. So What: This event matters because the income gained from selling Zellers allows the Hudson’s Bay Company to pay off their debts. Now What: This event presents positive outcomes for the future of the Hudson’s Bay Company and Canada because the stores are more attractive and there are more shops throughout Canada which are Zellers and the Hudson’s Bay Company shops.
