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# Hudsons Bay Company

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Hudson's Bay Company was an English corporation formed in 1670 which held a monopoly over trade in the region watered by streams flowing into [Hudson Bay]? in Canada . In 1821, the [North West Company]? of Montréal? and Hudson's Bay Company merged, with a combined territory that was extended by a license to the Arctic Ocean on the north and the Pacific Ocean on the west. In 1859 the trade monopoly was abolished and trade in the region was opened to any entrepreneur.

The company continues today with stores named The Bay. Many Hudson's Bay Company stores were until quite recently the only stores in remote towns.

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Last edited August 7, 2001 7:56 am (diff)
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