HBC (TSX: HBC) is the oldest corporation in North America having been established by English royal charter in 1670. HBC was originally in the fur trade, exchanging furs for manufactured goods such as knives, beads, kettles, and its famous point blanket. At one time, HBC controlled 15% of North American territory. In 1870, HBC signed the Deed of Surrender handing over control of its territory to the Canadian government and entered the retail business. Currently, it operates the Hudson’s Bay department store in Canada with 90 locations. HBC also operates Home Outfitters in Canada and Lord & Taylor and Saks Fifth Avenue in the United States (Source: HBC: Our History).