On This Day In Canadian History....

1870 - Canada's agent in London, Sir John Rose, delivers a bank draft for £300,000 (the equivalent of $11 million) to the Hudson's Bay Company in full payment for the title to Rupert's Land. The land includes all territories drained by rivers flowing into Hudson Bay (most of today's Prairie provinces, northern Ontario, northwestern Quebec and portions of the Northwest Territories.) The HBC keeps blocks of land around its trading posts and 1/20 of the fertile belt (2.8 million hectares).

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