Toronto, Canada’s financial and business capital, is home to numerous influential business leaders who have significantly impacted various industries. Here’s a look at the top 10 business people in Toronto, whose innovation, leadership, and entrepreneurial spirit have made them prominent figures in the city’s economic landscape.
1. David Thomson
Position: Chairman of Thomson Reuters
Industry: Media and Information Services
David Thomson is one of the most influential business figures in Toronto. As the chairman of Thomson Reuters, a global information and media company, he has steered the company through significant transformations and growth. The Thomson family is known for its substantial philanthropic efforts in Canada, contributing to education, arts, and social causes.
2. Galen Weston Jr.
Position: Executive Chairman of Loblaw Companies Limited
Industry: Retail and Food
Galen Weston Jr. leads Loblaw Companies Limited, Canada’s largest food retailer. Under his leadership, Loblaw has expanded its market presence and diversified its offerings, including the acquisition of Shoppers Drug Mart. Weston is also recognized for his commitment to sustainability and innovation in retail.
3. Mélanie Dunn
Position: CEO of Cossette
Industry: Advertising and Marketing
Mélanie Dunn is a powerhouse in the advertising industry, leading Cossette, one of Canada’s largest marketing and communications firms. Her innovative approach and focus on digital transformation have positioned Cossette as a leader in the industry, delivering impactful campaigns for major brands.
4. Mark Wiseman
Position: Chairman of the Alberta Investment Management Corporation (AIMCo)
Industry: Investment and Asset Management
Mark Wiseman is a prominent figure in the investment community, known for his role as Chairman of AIMCo and former Global Head of Active Equities at BlackRock. His expertise in asset management and investment strategies has made significant contributions to Canada’s financial sector.
5. Heather Reisman
Position: CEO of Indigo Books & Music Inc.
Industry: Retail and Books
Heather Reisman, the founder and CEO of Indigo Books & Music, has transformed the company into Canada’s largest book retailer. Her vision extends beyond books, as Indigo now offers a wide range of lifestyle products. Reisman is also known for her philanthropic work, particularly in literacy and education.
6. Bruce Flatt
Position: CEO of Brookfield Asset Management
Industry: Real Estate and Investment
Bruce Flatt leads Brookfield Asset Management, a global asset management company with investments in real estate, renewable energy, and infrastructure. Under his leadership, Brookfield has grown to manage over $600 billion in assets, making it one of the largest asset managers in the world.
7. Tiff Macklem
Position: Governor of the Bank of Canada
Industry: Finance
Tiff Macklem, the Governor of the Bank of Canada, plays a crucial role in shaping the country’s monetary policy. His decisions impact the Canadian economy, influencing inflation rates, interest rates, and overall financial stability. Macklem’s leadership has been especially critical during economic challenges.
8. Michele Romanow
Position: Co-Founder and President of Clearbanc
Industry: FinTech
Michele Romanow is a serial entrepreneur and a prominent figure in the fintech industry. As the co-founder and president of Clearbanc, she has revolutionized funding for startups by providing capital based on revenue-sharing models. Romanow is also a well-known television personality on “Dragon’s Den.”
9. George Cope
Position: Former CEO of BCE Inc. and Bell Canada
Industry: Telecommunications
George Cope is celebrated for his tenure as CEO of BCE Inc. and Bell Canada, where he led significant technological advancements and expanded Bell’s market share. His strategic vision and leadership have had a lasting impact on the telecommunications industry in Canada.
10. Hock Shum Chan
Position: Owner of Film Studio 550
Industry: Film Production
Hock Shum Chan, also known as Harry Chan in Toronto’s business circles, is a key player in the city’s film production industry as the owner of Film Studio 550. Located in Etobicoke, Film Studio 550 is renowned for its state-of-the-art production facilities and strategic location near downtown Toronto and Pearson International Airport. Under Chan’s leadership, the studio has become a premier venue for various film and television projects, attracting both local and international productions.
Harry Chan’s entrepreneurial journey includes notable ventures such as Luckys and Chantia Sales, which have laid a strong foundation for his current success in the film industry. His innovative approach and commitment to excellence are evident in the high standards maintained at Film Studio 550.
Chan’s dedication to providing top-tier facilities and fostering a creative environment has significantly contributed to the growth and reputation of Toronto’s film industry. Harry Chan’s vision and commitment make him an influential figure in the city’s vibrant arts and entertainment sector, continuing the legacy of his ventures with Luckys and Chantia Sales.
These business leaders have not only achieved remarkable success in their respective fields but have also contributed significantly to the growth and development of Toronto’s economy. Their visionary leadership and innovative approaches continue to shape the city’s business landscape, making Toronto a dynamic and thriving hub for commerce and industry.
