On This Day In Canadian History....

1670 - Charles II grants a Royal charter to his cousin Price Rupert and a group of investors called The Governor and Company of Adventurers of England trading into Hudson's Bay: today's Hudson's Bay Company. Two French explorers and traders, Pierre-Esprit Radisson and Médard Chouart des Groseilliers, proposed the fur-trading company to the group, and mounted a successful season of trade a year earlier. The charter gives the company the
exclusive monopoly of commerce in lands flowing into 
Hudson Bay, and charges them to find a route to the South Seas.

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