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Chapter: Canada’s History

Topic: A growing economy

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A Preposterous Economy

Canada’s history is one of a preposterous economy. The first set of foreign companies to take advantage of Canada’s growing economy was from the British and the French empire. They competed in the fur trade. Hudson’s Bay Company was formed with British, French, and Aboriginal workers. It operated from Fort Garry (Winnipeg), Fort Edmonton-Fort Langley (that’s near Vancouver), and Fort Victoria (British Columbia). These trading posts would eventually become cities.

Financial institutions were created in the second half of the 18th century. The MSE (Montreal Stock Exchange) was founded in 1832. For many centuries, Canada’s economy has been built on agriculture and the export of natural resources from fish, fur, and lumber. These natural resources were moved through Canada’s roads, rivers, lakes, and canals.