On This Day In Canadian History....

1779 - Fur traders Benjamin Frobisher, Joseph Frobisher, John Ross and Peter Pond join with Montréal merchants Isaac Todd, James McGill, Simon McTavish, James McBeath and Lawrence Ermatinger to found the North West Company, with 16 shares held by 9 different partnerships; the NWC will let the partners spread their risk to do battle with the Hudson's Bay Company in the far west.

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