Canadian Citizenship Practice Test 2025

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Master the Canadian Citizenship Test! With tailored quizzes, real test simulations, detailed explanations, and expert tips. With over 500 questions. Updated for 2025

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When were the first companies in Canada formed, and why?

  1. During the French and British regimes, for fur trade

  2. In the 20th century, for oil exploration

  3. During the colonial period, for spice trade

  4. In the 19th century, for gold mining

The correct answer is: During the French and British regimes, for fur trade

During the French and British regimes, the primary economic activity in Canada was the fur trade, which led to the formation of the first companies. This industry was greatly valued for its valuable resources, and companies were formed to profit from the demand for fur in Europe. Therefore, options B, C, and D are incorrect as they mention different economic activities that were not as prevalent during the time when the first companies in Canada were formed.

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