Fort Albany, Canadian fur-trading post, N Ont., at the mouth of the Albany River on James Bay. It was founded (before 1682) by the Hudson's Bay Company as one of its earliest forts. In the Anglo-French struggle for the Hudson Bay trade, Fort Albany was taken by the French in 1686. It was recaptured by the British in 1693 and from 1697 to 1713 was the only post of the region in the British company's possession. It has continued as an important fur-trading post.