[AP] - Wallace McCain, the mogul and philanthropist who helped turn a small New Brunswick french fry plant into a multibillion-dollar frozen foods empire and later went on to control meat processor Maple Leaf Foods, has died.
TORONTO (AP) -- Wallace McCain, the mogul and philanthropist who helped turn a small New Brunswick french fry plant into a multibillion-dollar frozen foods empire and later went on to control meat processor Maple Leaf Foods, has died. He was 81....
The trend among billionaires to give at least half their money to charity, the so-called Giving Pledge, has not always been so popular. Many have preferred to keep it in the family, or at least try.
A new ruling in a divorce within one of Canada’s richest families — which overturns a key part of the contract imposed by the patriarch on his children and their spouses, severely limiting their claims in the event of divorce — shows just how difficult this can be.
Edgar M. Bronfman Sr., the Canadian-born billionaire and longtime president of the World Jewish Congress, which lobbied the Soviets to allow Jews to emigrate and helped spearhead the search for hidden Nazi loot, died Saturday. He was 84.
Bronfman died at his New York home surrounded by family, according to the family charity he led, The Samuel Bronfman Foundation.
MONTREAL – Sometimes compared with legendary U.S. investor Warren Buffett because of the similarities between their publicly traded investment firms, Paul Desmarais Sr. began to play the corporate takeover game long before the leveraged buyouts and hostile raids became commonplace in the 1980s. Unlike the messy and sometimes very public fights of his contemporaries, his acquisitions were done quietly and diplomatically — a style he carried until his last days.
Toronto-born businessman and philanthropist Joseph L. Rotman has died at age 80.
Mr. Rotman began his business career in 1962 and was involved in founding a number of companies active in oil trading, merchant banking, real estate and venture capital. His influence also touched numerous corporate boards including the Bank of Montreal and Barrick Gold Corp.
The business mogul also founded Clairvest Group Inc., a merchant bank, and served as a board member until his death.
TORONTO — The former CEO of the Toronto Symphony Orchestra responded to the allegations made against him by his estranged wife in a court filing that accuses her of running “a smear campaign against him…under the guise of requesting an annulment.”
Jeff Melanson filed his response to the allegations made by Eleanor McCain, where she claimed he “deliberately misrepresented himself” and “tricked” her into marrying him.
HACKETTS COVE, N.S. — A tranquil Nova Scotia beach has become the scene of a dispute between an heiress to the McCain dynasty who wants trespassers off her property and locals who question why they can no longer use a path to a shore they’ve strolled for many years.