As of January 24, 2023, David Thomson was the wealthiest man in Canada, with an estimated net worth of 53.4 billion U.S. dollars, followed by Changpeng Zhao (No. 2, $17.4 billion), Jim Pattison (No. 3, $11.1 billion); and Anthony Von Mandl (No. 4, $9.9 billion).
David Cheriton is the fifth-richest person in Canada, with a whopping $9.5 billion. Joseph Tsai ranked 6th with a personal wealth of $8.4 billion, followed by Chip Wilson with $6.1 billion. Alain Bouchard is placed 8th with a net worth of $5.9 billion. Mark Scheinberg ($5.3 billion) occupied the 9th position among the top 10 wealthiest people in Canada.
Canada’s richest people 2023 Linda Campbell – $8.4 billion
Bloomberg indicates that CEO World Linda Campbell has total assets of $8.4 billion ($6.69 billion). Campbell is the granddaughter of Roy Thomson. She was given the first Baron Thomson of Fleet because of his news and data business work. Her granddad got going with acquiring a solitary newspaper in Ontario called the Timmins Daily Press.
The noble at last extended his organization the nation over and even across the Atlantic Ocean to form Thomson Corporation. The Thomson Corporation was given to Roy Thomson’s three kids – Kenneth Roy, Phyllis Audrey and Irma Jacqueline – after his death. With her better half Elwood Campbell, Phyllis Audrey proceeded to have three kids of her own, one of whom was Linda Campbell.
As per Private Wealth Magazine, Campbell claims an 11% stake of the Thomson family’s fortune. Campbell is known for her humanitarian efforts. Along with her two sisters, she spent 30 million USD to make the Campbell Center for Addiction and Mental Health.
As indicated by Forbes, the Thompsons, on the whole, are valued at $62.95 billion (USD 50.3 billion).
Weston Family – $18.86 billion
FILE PHOTO: Chairman and President of George Weston Limited W. Galen Weston speaks during the company’s annual shareholders meeting in Toronto, May 12, 2011. REUTERS/Mark Blinch/File Photo
Everything got going with a bread roll and a fantasy that would change Canada’s food and make billions for a long time into the future. Today, George Weston established George Weston Limited, a bread kitchen business in Toronto, in 1882. The Times (UK) indicates that the Weston family is worth $18.86 billion (£11 billion).
His child, W. Garfield Weston, is regularly credited with expanding the organization’s reach after his dad’s death. He had the option to do that by buying more small pastry shops across Canada. After that, he extended the organization into Europe, Australia and Africa. He worked bakeries, yet in addition ventured into dairies and fisheries.
He had 9 kids, and it was W. Galen Weston that took over after the passing of his dad and kept on growing the business until his demise in April 2021. Today, his child Galen G. Weston is in charge and is the current director and CEO of George Weston Limited.
The organization runs over 200 organizations worldwide, yet it is still particularly known for its association in the food business in Canada. The family runs the country’s biggest supermarket chain, Loblaws. Notwithstanding their Canadian organizations, the family additionally manages tasks all over the planet. Remembering Selfridge’s for Britain, Brown Thomas in Ireland and de Bijenkorf in the Netherlands became one of Canada’s richest people in 2022.
Gaye Farncombe – $8.69 billion
Try not to allow the last name to trick you. Gaye Farncombe is one more individual from the Thomson family and owns a piece of the empire. As indicated by Bloomberg, the CEO of World, Gaye Farncombe, has total assets of $8.69 billion (USD 6.91 billion). Farncombe is one more granddaughter of the incomparable Canadian newspaper investor, Roy Thomson. Farncombe is the sister of extremely rich person Linda Campbell, one of Canada’s richest people in 2023.
Private Wealth magazine indicates that Farncombe likewise possesses 11% of Woodbridge’s trading company. The very rich person is married to furniture maker Murray Farncombe. Farncombe claimed the top-of-the-line furniture store, Murron’s Cabinetry, in Oakville, Ontario, and her better half and another accomplice.
The store was a much-cherished piece of the Oakville people group, complete with a mascot bear and a welcome board until it shut its doors in 2019. Farncombe is definitely less known than many of her rich siblings and cousins but adds to great efforts with her two sisters. The sisters have given millions to cancer research among different causes.
Taylor Thomson – $10.7 billion
Taylor Thomson is better known for superstar entertainer status than for her billions. As indicated by Bloomberg Business Index 2021, Thomson is valued at $10.7 billion ($8.53 billion). Regardless of that huge number, she isn’t the first, but the second, richest Canadian lady living in Toronto.
Taylor Thomson is the girl of Kenneth Thomson and sister to David and Peter Thomson. Like her siblings, she claims a 14% stake in her family’s investment organization. Born Lynne Thomson, she later changed her name to Taylor Thomson. The young, extremely rich person got through the legal defence test and filled in as an attorney before entering the world of acting.
Nobody would call her a star except she acted in a few TV series during the 1990s. Surprisingly, she showed up in a computer game. Nowadays, Taylor Thomson gives off an impression of being zeroing in on building her real estate portfolio with more than $ 120 million worth of real estate in California alone.
Peter Thomson – $10.7 billion
You’ll be seeing a couple of more individuals from the Thomson family before we’re through with this list. Peter Thomson is the co-seat of Woodbridge, which deals with the investments of the Thomson family. Bloomberg Billionaire Index indicates that Thomson is worth $10.7 billion ($8.53 billion) and claims a 14% stake in Woodbridge. Woodbridge manages interests in Thomson Reuters, Bell Media, the Globe and Mail and others.
Peter Thomson is no common, very rich person. He is likewise a rally race card driver. Thomson drives for Thomson Motorsport. Thomson is Kenneth Thomson’s child, the child of Thomson Corp. founder Roy Thomson. Peter is the lesser referred to as a child of Kenneth Thomson as his older sibling, David Thomson, turned into the organization’s face after the death of their dad.
Peter Thomson holds a bachelor’s degree from Western University. Peter and his wife, Diana Thomson, are known in the Toronto region for their generous efforts. For example, the donation of $5 million to Toronto East General Hospital for the making of a patient care community.
David Thomson – $10.7 billion
There may be an entire list of Canada’s richest people in 2023. Yet, only one of them can call himself a baron. As indicated by Forbes, David Thomson is the third Baron Thomson of Fleet and is worth $10.7 billion ($8.53 billion).
The title was first given to his granddad, Roy Thomson. Who began the Thomson Corporation by purchasing a solitary small community newspaper in Ontario. Thomson Corporation gained Reuters in 2008 to frame Thomson Reuters.
As per SEC documenting, the Thomson family’s financial administration firm, Woodbridge, has a 63.6% portion of Thomas Reuters Corp. He has additionally put resources into True North Entertainment. This organization possesses the Winnipeg Jets hockey group, and he claims real estate engineer Osmington.
David Thomson is notable in art circles and his gifts to the National Gallery of Ontario. One of his new commitments was to form the Canadian Photography Institute. For which he gave his private Origins of Photography collection.
Rogers Family – $11.57 billion
When quite a while in the past, radios gave the entertainment, and Edward Rogers Sr. created something that made those radios more reasonable. In this manner started the building of the wealth of the Rogers family. Canadian Business indicates that the Rogers family is worth $11.57 billion.
Edward Rogers Sr. planned one of the primary battery-less radios in Canada. He established the Rogers Vacuum Tube Company, which circulated those radios. He then, at that point, proceeded to form Toronto’s live radio broadcast CFRB (which is possessed by Bell Media today). Despite neglecting to assume control over his dad’s organization following his death. Ted Rogers set off to fabricate a telecom domain without any preparation by establishing Rogers Communications in 1960.
Today, Rogers Communications works in remote TV, web, communication, and media in numerous Canadian homes. Today, Ted’s child Edward S. Rogers III is the seat of Rogers Communications’ governing. His little girl, Melinda Rogers, is the vice-chair. Edward S. Rogers III is additionally the seat of Rogers Bank.
Rogers Corporation possesses a few significant games resources. Including a huge piece of Maple Leaf Sports, which owns many of Toronto’s influential games groups. Rogers owns the Toronto Blue Jays through – they were bought by Ted Rogers. Rogers stepped across Canada as the organization is associated with numerous generous efforts. These attempts incorporate youth programs in racialized networks and grant open doors.
Sherry Brydson – $17.3 billion
As indicated by Bloomberg, Sherry Brydson claims 23% of the Thomson family’s venture company, Woodbridge, earns an astounding $17.3 billion ($13.8 billion).
Her cousin, Dave Thomson, might be the face of the Thomson family out in public. However, Sherry Brydson is surely a strong voice in the Thomson family meeting room. Brydson’s efforts likewise go past Woodbridge through trading company Westerkirk Capital. Westerkirk oversees interests in accommodation, flight and media like Ontario’s Moose FM radio broadcasts. Besides these million-dollar investments, Brydson possesses a couple of independent companies in Toronto. Including Thai café Bangkok Garden and Elmwood Spa.
Brydson is notable outside of well-to-do circles for her ecological activism. As a matter of fact, her articles on pollution in the University of Toronto’s grounds newspaper are frequently credited with getting going Canada’s green development. The very rich person is additionally known for her work with ladies’ issues and the financial help of the YWCA.
HALIFAX – Ottawa is negotiating a $500-million bailout for Nova Scotia’s privately owned electric utility, saying the money will be used to prevent a big spike in electricity rates.
Federal Natural Resources Minister Jonathan Wilkinson made the announcement today in Halifax, saying Nova Scotia Power Inc. needs the money to cover higher costs resulting from the delayed delivery of electricity from the Muskrat Falls hydroelectric plant in Labrador.
Wilkinson says that without the money, the subsidiary of Emera Inc. would have had to increase rates by 19 per cent over “the short term.”
Nova Scotia Power CEO Peter Gregg says the deal, once approved by the province’s energy regulator, will keep rate increases limited “to be around the rate of inflation,” as costs are spread over a number of years.
The utility helped pay for construction of an underwater transmission link between Newfoundland and Nova Scotia, but the Muskrat Falls project has not been consistent in delivering electricity over the past five years.
Those delays forced Nova Scotia Power to spend more on generating its own electricity.
This report by The Canadian Press was first published Sept. 16, 2024.
TORONTO – Roots Corp. may have built its brand on all things comfy and cosy, but its CEO says activewear is now “really becoming a core part” of the brand.
The category, which at Roots spans leggings, tracksuits, sports bras and bike shorts, has seen such sustained double-digit growth that Meghan Roach plans to make it a key part of the business’ future.
“It’s an area … you will see us continue to expand upon,” she told analysts on a Friday call.
The Toronto-based retailer’s push into activewear has taken shape over many years and included several turns as the official designer and supplier of Team Canada’s Olympic uniform.
But consumers have had plenty of choice when it comes to workout gear and other apparel suited to their sporting needs. On top of the slew of athletic brands like Nike and Adidas, shoppers have also gravitated toward Lululemon Athletica Inc., Alo and Vuori, ramping up competition in the activewear category.
Roach feels Roots’ toehold in the category stems from the fit, feel and following its merchandise has cultivated.
“Our product really resonates with (shoppers) because you can wear it through multiple different use cases and occasions,” she said.
“We’ve been seeing customers come back again and again for some of these core products in our activewear collection.”
Her remarks came the same day as Roots revealed it lost $5.2 million in its latest quarter compared with a loss of $5.3 million in the same quarter last year.
The company said the second-quarter loss amounted to 13 cents per diluted share for the quarter ended Aug. 3, the same as a year earlier.
In presenting the results, Roach reminded analysts that the first half of the year is usually “seasonally small,” representing just 30 per cent of the company’s annual sales.
Sales for the second quarter totalled $47.7 million, down from $49.4 million in the same quarter last year.
The move lower came as direct-to-consumer sales amounted to $36.4 million, down from $37.1 million a year earlier, as comparable sales edged down 0.2 per cent.
The numbers reflect the fact that Roots continued to grapple with inventory challenges in the company’s Cooper fleece line that first cropped up in its previous quarter.
Roots recently began to use artificial intelligence to assist with daily inventory replenishments and said more tools helping with allocation will go live in the next quarter.
Beyond that time period, the company intends to keep exploring AI and renovate more of its stores.
It will also re-evaluate its design ranks.
Roots announced Friday that chief product officer Karuna Scheinfeld has stepped down.
Rather than fill the role, the company plans to hire senior level design talent with international experience in the outdoor and activewear sectors who will take on tasks previously done by the chief product officer.
This report by The Canadian Press was first published Sept. 13, 2024.
VANCOUVER – Mediated talks between the union representing HandyDART workers in Metro Vancouver and its employer, Transdev, are set to resume today as a strike that has stopped most services drags into a second week.
No timeline has been set for the length of the negotiations, but Joe McCann, president of the Amalgamated Transit Union Local 1724, says they are willing to stay there as long as it takes, even if talks drag on all night.
About 600 employees of the door-to-door transit service for people unable to navigate the conventional transit system have been on strike since last Tuesday, pausing service for all but essential medical trips.
Hundreds of drivers rallied outside TransLink’s head office earlier this week, calling for the transportation provider to intervene in the dispute with Transdev, which was contracted to oversee HandyDART service.
Transdev said earlier this week that it will provide a reply to the union’s latest proposal on Thursday.
A statement from the company said it “strongly believes” that their employees deserve fair wages, and that a fair contract “must balance the needs of their employees, clients and taxpayers.”
This report by The Canadian Press was first published Sept. 12, 2024.
