Pierre de La Vérendrye established a secure French trading post, Fort Saint Charles, to the south of present-day Kenora near the current Canada/U.S. border in 1732, and France maintained the post until 1763 when it lost the territory to the British in the Seven Years' War. Until then, it was the most northwesterly settlement of New France. In 1836 the Hudson's Bay Company established a post on Old Fort Island, and in 1861, the Company opened a post on the mainland at Kenora's current location.