Sokanon and Michael are surprised by an unexpected reunion and Michael formulates a plan to steal from the HBC. Benton makes a few more friends in low places, and Chesterfield turns the screws on Emberly. Carruthers investigates sabotage at her factory as Grant prepares to ensnare the Marquis with newly minted Lady Clenna.

Harp travels to Montréal to do business with Elizabeth Carruthers. Michael and Sokanon arrive in Fort James to put in place their part of the plan, but Sokanon gets distracted. With Emberly gone, life has slipped from bad to worse at the alehouse.

Michael digs the tunnel as Chesterfield conducts live drills. Emberly returns to Fort James to discover what Chesterfield has done to her alehouse. Elizabeth Carruthers lets Douglas get close and comes face to face with Grant.

Season Finale. Chesterfield reels from the theft of the pelts and searches for Harp. Michael meets with Pond and is faced with a hard choice when Sokanon arrives. Josephette and the Brown Brothers unite against Grant, and Harp must deal with enemies on all sides and make new alliances.