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
Provinces and territories of Canada territories are not sovereign, but instead their authorities and responsibilities come directly from the federal level, and as a result have a commissioner instead of a lieutenant governor. Notes: There are three territories in Canada. Unlike the provinces, the territories of Canada have no inherent sovereignty and have only those powers delegated to them by the federal government. They include all of mainland Canada north of latitude 60° north and west of Hudson Bay, as well as most islands north of the Canadian mainland (from those in James Bay to the Canadian Arctic islands). The following table lists the territories