Hudson’s Bay Co.‘s Royal Charter, seen here, is a historical document that gave it exclusive trading rights over a portion of Canada in 1670. Photo by Handout/Manitoba Museum/THE CANADIAN PRESS files

Hudson’s Bay Co. ‘s plan to auction its Royal Charter, a historical document that gave it exclusive rights over a portion of Canada in 1670, was approved in court on Thursday.

The defunct retailer has been attempting to complete the sale of the charter since June, but an Ontario court finally paved the way for an auction to be held in the first week of December.

Justice Peter Osborne of the Ontario Superior Court of Justice said there were “a few twists and turns along the way.” He said the case was unique due to the historical relevance of the charter and the “interest of all Canadians”

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