Canadian Citizenship Practice Test 2025 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 1030

When were the first companies in Canada formed, and why?

During the French and British regimes, for fur trade

During the French and British regimes, the primary economic activity in Canada was the fur trade, which led to the formation of the first companies. This industry was greatly valued for its valuable resources, and companies were formed to profit from the demand for fur in Europe. Therefore, options B, C, and D are incorrect as they mention different economic activities that were not as prevalent during the time when the first companies in Canada were formed.

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In the 20th century, for oil exploration

During the colonial period, for spice trade

In the 19th century, for gold mining

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