Canada Company at English => English (The Britannica Concise) Of Explained:
Organization instrumental in colonizing much of the W part of Upper Canada (now Ontario). The company was formed in 1824 to bring settlers to the region. It was directed until 1829 by John Galt (1779-1839), founder of Guelph and father of A. Galt. Though the company, chartered with 2.5 million acres, was criticized as a monopoly, it continued to exist until the 1950s.