Why did Hudson’s Bay Company sell land to the Dominion of Canada?

what would drive them into selling all that land to Canada?what would be the effect today if they hadn't?its kinda interesting because I'm doing a History essay and i came across this bit of information

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One Response to “Why did Hudson’s Bay Company sell land to the Dominion of Canada?”

  1. Edinburgh says:

    Hudson’s Bay Company was prepared to sell Rupert’s land to the US for $1 per acre, but Britain put the kibosh on that and said it could only sell the land to the Dominion of Canada. At the time, the Dominion of Canada was composed of Upper and Lower Canada, and they didn’t really want all that land out on the prairies or out west, but they reluctantly bought it because they had no other option. Google up Rupert’s Land sale for links.