Uk- Canada Trade Relations

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CANADIAN TRADE WITH THE UNITED KINGDOM BY ABDULLAHI MOHAMMUD DATE: 03 – April - 2013 SECTION 1 History: Trade relations between Canada and the United Kingdom (U.K) first started with the fur trade. The Aboriginal people traded animal fur especially beaver pelts for other manufactured goods such as knifes, pots, kettles, beads, needles, and blankets with the British ships. In 1610, Henry Hudson discovered the Hudson’s Bay Company (HBC) which was then known as (The Governor and Company of Adventurers of England trading into Hudson’s Bay). The HBC Company was then formed in 1670. Battery exchange of fur for weapons Natives trading with HBC ship Standards of Trade Supplies | Value of Supplies in Beaver Pelts | 2.25 Kg of sugar | 1 beaver pelt | 1 gun | 12 beaver pelts | 2 scissors | 1 beaver pelt | 20 fish hooks | 1 beaver pelt | 1 pair of shoes | 1 beaver pelt | Trade between the two countries developed at a slow rate because of the misunderstandings over the rightful control of Canada between France and England. In 1763, New France lost to England the seven years war, and a treaty was signed in such a way that France controlled Quebec, and England controlled over the rest of the country. There has been a development in the industrial revolutionary of Canadian factories in the early 1890’s. Factories in Ontario started to produce products such as steel, iron, tools, and clothing, which they traded with England. After establishing a wholesale department in 1907, the HBC Company started selling variety of products such as blankets, confectionary, tobacco, tea, coffee, and liquor. In 1925, the largest auction house was opened in London, the “Beaver House,” where the furs were auctioned. HBC recorded an export of about 30, 000 of fox pelts to Europe, mostly to the United Kingdom. Modern Trade: Canada’s trade and investment
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