Investment guru Stephen Jarislowsky was a crusader for ethical business practices - The Globe and Mail

Open this photo in gallery:Stephen Jarislowsky, shown in 2002, advocated for shareholder rights in Canada during his lengthy business career. Andre ForgetBillionaire investor Stephen Jarislowsky, a champion of corporate governance and former spy, has died at the age of 101. Mr. Jarislowsky co-founded what became of one of the country’s largest asset management firms, Jarislowsky Fraser Ltd., after moving to Montreal in the 1950s. He made his name as a pioneer advocate for shareholder rights, embracing the concept long before it became trendy by engaging in public battles with CEOs, family businesses and boards of directors. Later in his career, he became a philanthropist who supported the study of democracy at universities and built one of the country’s finest private art collections. In the 1970s and 80s, Mr. Jarislowsky fought against deals backed by Canadian corporate establishment, including the Billes family behind Canadian Tire, Montreal’s Bronfman clan, the corporate raider Conrad Black and auto parts magnate Frank Stronach. On Thursday, Mr. Black, the former chairman and chief executive officer of media company Hollinger Inc., paid tribute to his onetime sparring partner.

Open this photo in gallery:Stephen Jarislowsky was an early and consistent leader in calling for the highest standards of corporate governance. LYLE STAFFORDJoe Martin is president emeritus of the Canadian Business History Association. Stephen Jarislowsky, whose death was announced on Thursday, was the Leonardo da Vinci of the Canadian business world, a true polymath. Mr. Jarislowsky, aged 101, had arrived in Montreal at an early age and created a powerful financial firm, but his interests were not limited to making money. He had a deep interest in corporate governance. And once firmly established, he turned his attention to giving his money away in an intelligent fashion, primarily to institutions of higher learning. He spoke openly against Quebec separatism. Ultimately, Mr. Jarislowsky was always a patriot before a businessman. His firm, Jarislowsky Fraser, was founded in Montreal in 1955 as an investment boutique, based on Mr. Jarislowsky’s belief that a company’s entire business – for example, the three Cs of customers, competition and the corporation itself – must be considered in making investment decisions. That belief was key to quality, lower-risk investing in the long run

TorontoPublished: October 17, 2026 at 2:31p.m. EDTThe next Lotto Max draw is on Tuesday, Oct. 20, 2026. The largest lottery prize ever offered in Canada is still up for grabs after there were no winners for Friday’s Lotto Max draw. The winning numbers were 01, 11, 13, 36, 41, 43, 51. The next draw for the $90 million Lotto Max will take place on Tuesday, Oct. 20. The jackpot is unchanged, as $90 million is the cap. While no one claimed the jackpot on Friday, the Ontario Lottery and Gaming Corporation said four Maxmillion tickets worth $1 million each were sold in Ontario. Fourteen other tickets won $100,000 each, including seven in the Greater Toronto Area. Tuesday’s draw will also feature 20 Maxmillions prizes worth $1 million each and at least 90 Maxplus prizes worth $100,000 each. How to set CP24 as your preferred source on GoogleHow to set CTV News as your preferred source on Google

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