Story perspectives

Historic Hudson's Bay Charter Sold for $13 Million

12/4/2025

Summary

Story summary

The Hudson's Bay Company Royal Charter, signed by King Charles II in 1670, was sold for C$18 million ($13 million) to the Weston and Thomson families.
This charter granted the company significant powers over vast territories, affecting Indigenous sovereignty.
The families intend to donate the document to four museums, including the Manitoba Museum and the Canadian Museum of History, and provide C$5 million for its stewardship and public education.
The sale awaits court approval amid the Hudson's Bay Company's bankruptcy proceedings.

History

Historical Context

The Hudson's Bay Company (HBC) was established in 1670 when King Charles II granted it a royal charter, granting control over Rupert's Land, an area covering over one-third of modern Canada. This charter significantly impacted Indigenous sovereignty as HBC expanded its fur trade. The recent sale of this charter for C$18 million to the Weston and Thomson families highlights ongoing discussions about historical land rights and Indigenous relations.

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Story summary

The Hudson's Bay Company Royal Charter, signed by King Charles II in 1670, was sold for C$18 million ($13 million) to the Weston and Thomson families.
This charter granted the company significant powers over vast territories, affecting Indigenous sovereignty.
The families intend to donate the document to four museums, including the Manitoba Museum and the Canadian Museum of History, and provide C$5 million for its stewardship and public education.
The sale awaits court approval amid the Hudson's Bay Company's bankruptcy proceedings.

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