🏛️ Chapter 3: Canada's History

The Hudson's Bay Company post called Fort Garry later became which city?

Correct answer: Winnipeg

A Edmonton
Winnipeg
C Vancouver
D Regina

💡 Explanation

Several company posts grew into cities, and Fort Garry became Winnipeg.

Key facts to remember

  • Canada's earliest companies fought over the fur trade
  • HBC hired French, British and Aboriginal staff
  • Fort Garry is today's Winnipeg; Fort Langley sits beside Vancouver
  • Those trading posts later turned into cities
  • First financial institutions date from the late 1700s and early 1800s
  • Montreal Stock Exchange: opened 1832
  • Economy was based on farming and exporting natural resources
  • Main exports: fur, fish and timber

Why this is the answer

From the official Discover Canada study guide — 3.2.6 A Growing Economy:

The fur trade was the prize that Canada's earliest companies fought over. Some began while the French ruled, others under the British. One of them, the Hudson's Bay Company, hired French, British and Aboriginal staff, and it grew strong enough to control business right across the northwest. Its chain of posts ran from Fort Garry, today's Winnipeg, and Fort Edmonton, west to Fort Langley beside Vancouver and on to Fort Victoria. Each of those posts later turned into a city.
Financial institutions came late in the 1700s and early in the 1800s — the first ones in the country. The Montreal Stock Exchange followed, opening in 1832. For hundreds of years the economy rested on two things. One was farming. The other was selling natural resources to buyers overseas: fur, fish and timber were the main ones. Goods travelled by road, and by lake, river and canal.

📖 Study this topic

This question is from: 3.2.6 A Growing Economy

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