History of Trade in Canada

  • Sep 8, 1497

    John Cabot Lands in Newfoundalnd

    John Cabot Lands in Newfoundalnd
    Cabot landed on the shores of Newfoundland and was disappointed to find fish and no spices. However, Cabot decided to map the cost anyways and then return to England. After his return Cabot was able to receive funding for another trip. Sadly Cabot never returned from his voyage. But his son Sebastian wanted to find a route to the orient and was let down much like his father by the rocky rugged shores of North America.
  • Sep 8, 1500

    Fishing for Cod in North America

    Fishing for Cod in North America
    Many fishing boats cam over to North America to fish for cod. It was then dried, salted and taken back to England, Spain, and Portugal to be sold in their markets. Many other European ships came over to trade with the Aboriginal people for their fur. Although they were still looking for a route to the orient the French, Dutch, and English rules thought there was much wealth to be made in North America.
  • The First Permanent Settlement

    The First Permanent Settlement
    The first permanent settlement in Canada was formed by Samuel de Champlain. This settlement was named Quebec City
  • Pierre-Esprit Radisson and des Groseilliers set sail

    Pierre-Esprit Radisson and des Groseilliers set sail
    During this time the French protected their monopoly in the fur trade by denying two explores a trade license. This forced the explores to negotiate with the Aboriginals and then set up a trade company with the English. When the two of them set sail to Canada they landed in James Bay and formed their fort there
  • Hudson Bay Comany is Born

    Hudson Bay Comany is Born
    Once the fort became a heavy trade centre they applied for a Royal Charter. This granted them the governor and to change the name of the company from Company of Adventures of England Trade to what it is now known as today, Hudson’s Bay Company.
  • Competition is Near

    Competition is Near
    In this time period Canada was very dependent on the fur trade. The competition between Hudson’d Bay Company another trading company called North West Company was rapidly increasing. North West Company was also competing with other american trading companies.
  • America ties to intervene

    America ties to intervene
    Because of the competition coming from the Canadian trading company North West, the United States was forced to make it illegal for Canadian companies to trade fur in America. In response to this North West Company and Hudson’s Bay Company joined together to become the most powerful fur trading company on the continent.

    Canada singed the North American Free Trade Agreeement. This allowed for free trade btween Canada the United States and Mexico. This greatly improved the trade between Canada and Mexico.
  • Summit of the Americas

    Summit of the Americas
    In order to unite the economies of the Americas the Free Trade Area of the Americas was brought to the table during the Summit of the Americas. The summit was held in Miami Florida. The idea of the FTAA was based off the success that NAFTA had and Central and South America wanted to be apart of the agreement as well
  • Free Trade Area of the Americas

    Free Trade Area of the Americas
    In 2005 the final negotiations for the FTAA were coming to an end. During this time Canada had to take on the leadership role. This mainly had to do with the fact that Canada had a very successful bilateral trade agreement with Chile. Another factor was the political differences between the democrats and the republicans in the American political parties.