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Hudson's Bay (when it was still branded as The Bay) in Centerpoint Mall, in North York, Toronto, Ontario. The diversification of the Hudson's Bay Company (HBC) became necessary with the decline of fur trade in the latter half of the 19th century, and the Deed of Surrender in which ownership of the North-Western Territory and Rupert's Land was transferred from HBC to the newly established ...
The Hudson's Bay Company (HBC; French: Compagnie de la Baie d'Hudson) is a Canadian retail business group. A fur trading business for much of its existence, it became the largest and oldest corporation in Canada, before evolving into a major fashion retailer, operating retail stores across both the United States and Canada.
Hudson Bay, [a] sometimes called Hudson's Bay (usually historically), is a large body of saltwater in northeastern Canada with a surface area of 1,230,000 km 2 (470,000 sq mi). It is located north of Ontario , west of Quebec , northeast of Manitoba , and southeast of Nunavut , but politically entirely part of Nunavut. [ 5 ]
This is a list of Hudson's Bay Company trading posts. [1] For the fur trade in general see North American fur trade and Canadian canoe routes (early). For some groups of related posts see Fort-Rupert for James Bay. Ottawa River, Winnipeg River, Assiniboine River fur trade, and Saskatchewan River fur trade
Hudson Bay has a diverse economy based on forestry, agriculture, processing, and eco-tourism. Forestry has continued to be the major source of employment and economic generator over the years, and its community has shown itself to be capable of supporting existing world class industries in the production of plywood and oriented strand board.
HBC announced plans to renovate Hudson's Bay Montreal Downtown to accommodate a 18,580-square-metre (200,000 sq ft) Saks Fifth Avenue facing De Maisonneuve Boulevard in 2016. The project was expected to be completed by fall 2018, but plans had been shelved by that February.
In 2021, the Foundation announced the launch of the Hudson's Bay Charter for Change initiative to accelerate racial equity in Canada with a $30 million gift spread over 10 years. [40] In 2022, Baker announced the donation of an historic building in downtown Winnipeg by HBC to the First Nations people. [41] [42]
James Bay is important in the history of Canada as one of the most hospitable parts of the Hudson Bay region, although it has had a low human population. It was an area of importance to the Hudson's Bay Company and British expansion into Canada .
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