Monday March 17, 2025
Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Monday March 17, 2025
Also published in the Toronto Star.
The End of an Era: Farewell to Hudson’s Bay, a Canadian Icon
As we bid farewell to Hudson’s Bay Company, we are not just witnessing the closure of a retail chain but the end of an era that has woven itself into the very fabric of Canadian history and identity. For over three centuries, Hudson’s Bay has been more than a shopping destination; it has been a symbol of exploration, innovation, and resilience.
Founded in 1670, Hudson’s Bay was at the forefront of the fur trade, playing a pivotal role in the exploration and mapping of vast stretches of North America. Its iconic trading posts served as the foundation for many Canadian communities, marking the beginning of settlements that would grow into thriving cities. The company’s history is a testament to the spirit of adventure and enterprise that has shaped our nation.
News: Hudson’s Bay returns to court to seek approval to begin liquidating its business
However, the trajectory of Hudson’s Bay took a significant turn in 2008, when it was acquired by NRDC Equity Partners, a U.S. equity group. This acquisition marked a new chapter for the company, reflecting the broader realities of globalization. We’ve become accustomed to seeing long-established Canadian institutions pass into foreign hands—from donuts to beer, and from steel companies to department stores. Many things Canadians have embraced as their own are now under the control of foreign corporations.
To Canadian nationalists, this trend can feel like an affront. The idea that the fate of a Tim Horton’s maple glazed donut rests with a board in Ohio or that a Molson Canadian beer is influenced by decisions made in Denver can be unsettling. Similarly, the sale of Hudson’s Bay to an American investment corporation might be dismissed with a yawn by some, but it’s emblematic of a larger shift.
What many, including myself, find intriguing and lamentable is how the story of the once mighty Hudson’s Bay Company ends like this. A company that ruled over vast, undeveloped lands in North America for centuries is now just another token of commerce, passed between owners with little regard for its historical significance. Chartered in 1670 by King Charles II, Hudson’s Bay built relationships with Indigenous peoples, mapped rivers and coastlines, and laid the groundwork for Canada as we know it today. It’s difficult to dismiss this as just another corporate transaction.
News: The fall of Hudson’s Bay Co., a Canadian retail icon
In the present day, the rub against Canadians is compounded by the rhetoric from the current President, who openly discusses the idea of annexation and making Canada the 51st state. This adds another layer of complexity and tension, as Canadians grapple with the loss of iconic brands and the broader implications of such political discourse.
Yet, amidst this change, there is a silver lining. The original documents, photos, drawings, and records of the Hudson’s Bay Company will remain in Canada, preserved in the HBC Archives in Winnipeg, Manitoba. This ensures that the legacy of Hudson’s Bay, its contributions to Canadian history, and its influence on the development of the nation will not be forgotten.
As we move forward, let us honour the legacy of Hudson’s Bay by supporting local businesses, fostering community connections, and celebrating the rich tapestry of Canadian history that it helped to create. The end of Hudson’s Bay is a loss, but it is also an opportunity to reflect on what it means to be Canadian and how we can carry forward the values that have defined this iconic institution for centuries.
This editorial cartoon was adapted from one which was originally published July 18, 2008