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Did You Know? The provincial government is committed to building a strong, long-term relationship with First Nations people and their leaders based on mutual respect and understanding. First Nations History 2. The Fur TradeTwo main companies controlled the early fur trade economy: the Hudson's Bay Company and the North West Company. The Hudson's Bay Company was incorporated under a Royal Charter in 1670; and the North West Company was an independent company based out of Montreal. Initially the Fur Trade was mutually beneficial. The Europeans depended upon Indian and Métis knowledge of the land and their labour; and provided manufactured goods to them. The result was balanced trade relations. The Métis had a good command of European and Indian languages and became intermediaries in the fur trade economy. The fur trade brought many changes:
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