Canada’s oldest company closes its doors episode artwork

EPISODE · Feb 2, 2026 · 11 MIN

Canada’s oldest company closes its doors

from Plain English

Today's story: The Hudson’s Bay Company started as a fur trading monopoly in British North America, thanks to a royal charter signed by King Charles II. It later became a retail empire with department stores across Canada. But after years of falling sales and intense competition from big-box and online retailers, the company shut down for good in 2025. Transcript & Exercises: https://plainenglish.com/835Get the full story and learning resources: https://plainenglish.com/835--Plain English helps you improve your English:Learn about the world and improve your EnglishClear, natural English at a speed you can understandNew stories every weekLearn even more at PlainEnglish.comMentioned in this episode:Hard words? No problemNever be confused by difficult words in Plain English again! See translations of the hardest words and phrases from English to your language. Each episode transcript includes built-in translations into Spanish, Portuguese, Chinese, German, French, Italian, Japanese, Polish, and Turkish. Sign up for a free 14-day trial at PlainEnglish.com

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Canada’s oldest company closes its doors

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