In 1670, the Hudson's Bay Company competed with traders based in which city?

In 1670, the Hudson's Bay Company received exclusive trading rights and competed with traders based in Montreal. Discover Canada states: "In 1670, King Charles II of England granted the Hudson's Bay Company exclusive trading rights", and elsewhere notes that competing traders "competed for the fur trade. The Hudson's Bay" rivalry shaped early Canadian commerce.

The Hudson's Bay Company became one of the most powerful commercial organizations in the world. Its territory eventually covered much of what is now Western and Northern Canada — territory called Rupert's Land, which Canada later acquired in 1869.

The HBC vs. Montreal-based traders rivalry is a foundational story of early Canadian economy and geography. The fur trade — and the competition over it — drove European exploration deeper into the continent and shaped relationships with Aboriginal peoples.

Knowing that the HBC was a London-chartered company competing with Montreal-based traders explains the geographic and political tension that ran through early Canadian history.