Hudson Bay Closing After 355 Years

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calgaryherald

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Business

Business & Economics

Leong: Hudson's Bay is dead but its aspirations can live on to help build Canada

Summary

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69% Informative

HBC 's liquidation marked the sad end to an enterprise whose charter was granted by King Charles II on May 2, 1670 .

Over the ensuing centuries , what was more commonly known as the Hudson’s Bay Company shaped the people and economy of what is now Western Canada .

HBC was established to it a full business in a huge tract of territory called Rupert's Land , which makes up the Prairies today .

The sale of Rupert’s Land to the new Dominion offers historical echoes of politics in 2025 .

First Nations leaders didn't believe HBC had a right to sell the land in the first place.

The transfer of Rupert's Land was meant to block a northward expansion of the United States .

The Bay's relinquishing of Ruperts Land in 1870 started a new chapter in the company's saga.

The Hudson's Bay Company might be gone, but its aspirations speak as loud now as they did in HBC ’s heyday .

It seems fitting that HBC 's economic motivations after the company's surrender of Rupert's Land in 1870 very much mirror the rekindled current of nationalism we are experiencing now in 2025 .

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful