In all the shuffling involving Onex Corp. and RBC Wealth Management, an important element is getting lost. The name of the former investment firm, Gluskin Sheff + Associates, is disappearing even though it’s at the heart of this deal. Onex bought Gluskin Sheff from the founders, Ira Gluskin and Gerry Sheff, for $445 million in 2019 and made the team of financial advisors part of Onex. That deal didn’t last long. Four of the Gluskin, Sheff stalwarts were recently preparing to move to RBC. Rather than let them go, Onex decided all of the forty-one people at the firm should...
It was the worst of times, it was the worst of times. Everywhere you turn these days the world seems to be coming apart at the seams. Climate change, global warming and greenhouse gases are causing flooding in Africa, ten feet of snow in California, Colorado lows, and tornadoes touching down whenever and wherever they want. In the cities, everything seems to be coming asunder. Toronto is now more congested than New York, meth addicts are all too visible on the streets, and a gang of girls as young as thirteen swarm and beat a homeless man minding his own...
There’s been a lot of ink spilled in recent days about the closing of the thirteen Nordstrom stores in Canada. I feel badly for the 2,500 employees who will lose their jobs and the mall owners that have to fill the empty spaces. As a loyal Nordstrom shopper who has bought goods in U.S.-based Nordstrom stores over the years while visiting in New York, Florida, and California, no one was happier than I was when Nordstrom first arrived in Canada in 2014. I was well served with outlets. There was a Nordstrom in the Eaton Centre, a short subway ride...
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