Provinces and territories of Canada north-west of the Canadian colony, known as Rupert's Land and the North-Western Territory and assigned them to the Hudson's Bay Company. In 1870, the company relinquished its claims for £300,000 ($1.5 million), assigning the vast territory to the Government of Canada. Subsequently, the area was re-organized into the province of Manitoba and the Northwest Territories. The Northwest Territories were vast at first, encompassing all of current northern and western Canada, except for the British holdings in the Arctic islands and the Colony of British Columbia; the Territories also included the northern two-thirds of Ontario and Quebec, and almost all of
Yellowknife Yellowknife as having the coldest winter and longest snow cover season of any city in Canada, while also experiencing the sunniest spring and summer of any city in Canada. Yellowknife, like most other urban centres, has distinct commercial, industrial, and residential areas. Frame Lake, Niven Lake, Range Lake, and Old Town are the residential sectors, with some of the population living in high-rises in the downtown core. Niven Lake is the only area under active development and expansion. Downtown Yellowknife is home to most of the city's commercial activity, though some retail does exist in Range Lake. Industrial activity is