the economic history of Canada

the economic history of Canada

Hudson Bay Company

Group Name: Group D

Group Member: Zhanchao Lin, Xiaoqian Yu, Xuting Wang, Qing Chi, Xingyu Paul Zheng,

Yuan Che.


The Bay Centre, 1150 Douglas St, Victoria, BC

Mayfair Shopping Centre, 3125 Douglas St, Victoria, BC

Economic Relevance:

Hudson Bay Company as the largest company in early Canada history, also is a first commercial corporation company in the world. At the beginning, businessman and hunter did fur trade with First Nation tribe in Rupert land. As time goes by, it was form by English Royal Charter in 1670s. Today it has many department store in Canada includes Victoria. There are two stores in Victoria. It related to early trading between European and Aboriginal people in Canada. It also effected the early Canada economics until today. Their products include most groceries and clothes in our life.

Source 1 (website):

HBC Victoria Store. (n.d.). Hudson’s Bay Company. Retrieved from

Source 2 (Newspaper Article from British Colonist Archives):

The Hudson Bay Route to Europe. (October 17, 1909). The Daily Colonist, p. 12. Retrieved from

Source 3 (Fire Insurance Map found via Econ321 Library Guide):

Goad, C.E. (1895). Sheet No 5 [Map] in Victoria, British [Fire Insurance Plans]. Civil Engineer: Chas. E. Goad. Retrieved from

Source 4 (Journal Article):

Spraakman, G. (2001). INTERNAL AUDIT AT THE HISTORICAL HUDSON’S BAY COMPANY: A CHALLENGE TO ACCEPTED HISTORY. The Accounting Historians Journal, 28(1), 19-41. Retrieved from

Research Question:

When did Hudson’s Bay find the city of Victoria and where did they choose to locate?

Economic Relevance of Research Question:

The city of Victoria was founded by the Hudson’s Bay Company on March 14, 1843. The first location of the trading post was “Camosack”(the harbour where Victoria now stands), meaning “Rush of Water”. Later, the Hudson’s Bay Company moved to the southern end of Vancouver Island, which is known as “Fort Albert” by local people nowadays. It was officially named “Fort Victoria” after the great British Queen. The Company’ main headquarters, Fort Vancouver, was too far from the British Columbia interior and coast to service them efficiently.

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