Fur trading was a vital part of the Canadian economy for centuries, and the HBC played a significant role in this industry. The HBC was the largest fur trading company in Canada, and it had a virtual monopoly on the fur trade in the Hudson Bay region. The company's fur trade posts were located throughout Canada, and they served as important centers of trade and commerce.
The HBC's fur trade declined in the late 19th and early 20th centuries, as the demand for fur decreased and other industries, such as agriculture and manufacturing, grew in importance. However, the HBC continued to trade in furs, and it remains one of the largest fur trading companies in Canada today.
In recent years, the HBC has faced criticism for its fur trade. Animal rights activists have argued that the fur trade is cruel and unnecessary, and they have called on the HBC to stop selling fur products. The HBC has defended its fur trade, arguing that it is a sustainable industry that provides economic benefits to Indigenous communities in Canada.
Despite the controversy, furs remain an important part of the HBC's business. In 2019, the HBC generated over $100 million in revenue from the sale of fur products. Furs are sold at HBC stores in Canada and around the world, and the company also sells fur products online.
The HBC's fur trade is a complex and controversial issue. There are valid arguments on both sides of the debate. Ultimately, it is up to consumers to decide whether or not they want to purchase fur products.