The fur trade was a major economic driver for the colony of Quebec, and beaver pelts were some of the most valuable commodities. Beaver fur was used to make hats and other fashionable items, and it was in high demand in Europe. As a result, beaver became the "golden key" to economic development in Quebec.
The beaver trade had a significant impact on the colony's economy and society. It created jobs and wealth for settlers and Indigenous people and helped to establish trade networks between Quebec and other colonies and European markets. The beaver also played a role in the development of French-Canadian culture and identity, as it was a symbol of resourcefulness and adaptation to the harsh North American environment.