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Canadian Trade History
7 months ago
1821 The Hudson’s Bay Company and North West Company merged under the Hudson’s Bay Company name.
1816 After the war of 1812, the American government passed a law which made it illegal for Canadians to trade furs in the United States. This forced the Hudson’s Bay and North West Company to join forces.
1840 Silk became more popular in Europe reducing the demand for beaver pelts. The fur trade never has been able to regain its significance.
1885 The Canadian Pacific Railway was completed to the west coast. This provided means to ship goods coast to coast.
2009 Canada established a Free Trade Agreement with the European Free Trade Association.
2013 Canada is negotiating trade agreements with China, Japan and South Korea in the areas of Information and communication technologies, Enterprise Solutions, Mobile Applications and Medical Imaging.
1993 Canada signed the North American Free Trade Agreement (NAFTA) which worked to eliminate all tariff barriers among Canada, the United States and Mexico. This led to a huge rise in trade with the countries but mainly between Canada and Mexico.
1497 John Cabot landed in Newfoundland while looking for a route to the East to get spices. He instead brought back fish. This led to hundreds of European fishing boats bringing back cod to trade and sell in Europe.
1600 Samuel de Champlain was sent by France to establish the first permanent settlement to gain control of the fur trade in North America. The French gained exclusive control in the fur trade because of this
1670 Royal Charter to form a new company, the Hudson’s Bay (now known as the Hudson’s Bay Company), granted by the King.
1779 A group of 16 merchants united to form the North West Company. They became a major competitor to the Hudson’s Bay Company.
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