Canada Oldest Company

Posted on by Emily in General

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Canada Oldest Company – The oldest company in Canada is one of the oldest in the world! Yes, there are dozens of Canadian companies that have been bolstering the economy for hundreds of years. Let’s take a look at some of Canada’s oldest companies.

Canada Oldest Company

Here are some of the oldest (and continuously operating) companies in Canada.

Hudson’s Bay Company – Established on May 2, 1670, this department store started out as a fur trading post. It’s still in operation and doing well.

Molson Coors Canada – This brewing company opened up in 1786 in Montreal.

Quebec Chronicle Telegraph – The oldest newspaper in North America established 1764.

North West Company – 1779, started out as a fur trading company and went on to compete against Hudson’s Bay Company.

Sleeman’s Brewing Company – Started in 1834 this brewery is still making beer for Canadians.

There are quite a few companies that have stayed in business for a hundreds of years. Sadly, there are a lot of companies in Canada that don’t manufacture their products within the country.

Roots

The quintessential Canadian retail store is sadly not made entirely in Canada. Currently they only made 40% of their products in the country, everything else is produced abroad. On their website you’ll find this statement:

“To this day, Roots makes all of its genuine leather goods at its state-of-the-art factory in Toronto. Whenever possible, it makes other products in Canada.”

The truth is that most of their clothing is made in China.

BlackBerry

Perhaps one of the most successful Canadian companies, developed and designed by the Canadian company RIM (Research in Motion), it has never been entirely clear where BlackBerrys are made. Forbes reported that 90% of RIM’s production takes place overseas, mostly in China. This wouldn’t be terribly shocking– most electronics (especially smartphones) are produced in China, including Apple products.

In July 2011, Blackberry announced that it was going to begin producing its smartphones in Malaysia.

ALDO

The ALDO group best known for its shoes sources 60% of its products from China. It also has shoes made in other Asian centers as well as Brazil, Eastern Europe and Italy.

Lululemon

70% of their products are made from third-world countries like China, Vietnam, Thailand, Taiwan, South Korea and South America. Which is horrible to promote themselves as such a conscious company, and considering that their prices are through the roof. On the matter, they have stated:

“Global economic forces… have shifted manufacturing to more cost-attractive locations and resulted in the closure of some domestic factories.”

Canada Oldest Company

There is a lot to consider when becoming a loyal customer to a Canadian company. Do your research before making a purchase!

Canada Oldest Company

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