King Henry IV of France saw the fur trade as an opportunity to acquire much needed revenue and to establish a North American empire. Both English and French fur traders were soon selling beaver pelts in Europe at 20 times their original purchase price.
The beaver was close to extinction by the mid-19th century. There were an estimated six million beavers in Canada before the start of the fur trade. During its peak, 100,000 were being shipped to Europe each year; the Canadian beaver was in danger of being wiped out. Luckily, about that time, Europeans took a liking to silk hats and the demand for beaver pelts all but disappeared.
The beaver attained official status as an emblem of Canada when an "act to provide for the recognition of the beaver as a symbol of the sovereignty of Canada" received royal assent on March 24, 1975.
Thanks today for conservation and silk hats, the beaver - the largest rodent in Canada - is alive and well all over the country.After the early Europeans explorers had realized that Canada was not the spice-rich Orient, the main mercantile attraction was the beaver population numbering in the millions. In the late 1600s and early 1700s, the fashion of the day demanded fur hats, which needed beaver pelts. As these hats became more popular, the demand for the pelts grew.