North West Company is formed
Following the fall of New France in 1763, British and Anglo-American businessmen established numerous small independent fur-trading companies in Montréal. On April 24, 1779, several firms merged to form the North West Company. Although initially a loose association of merchants, by 1795 the company controlled approximately 80 percent of the northern fur trade, and was aggressively exploring the continent’s Western and Arctic regions. It was swallowed up by its rival — the Hudson’s Bay Company — in 1821.
Each day for 150 days leading up to the opening of the Canadian History Hall, we’re presenting one moment among the many that have shaped our country. Discover more of Canada’s significant historical events in the new Canadian History Hall, opening July 1, 2017.