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For Roy Thomson, it all started with a $500 investment in a northern Ontario radio station during the Great Depression. For Fred DeGasperis, it was a truck he purchased with his brother to do construction jobs around Toronto in the 1950s. For Terry Matthews, it was an ill-fated plan to build hotel fire alarms. The creation myth for each member of the Rich 100 usually begins in the same humble, unassuming manner and ends with the same result: wealth, and a lot of it. And because these people have been at it for decades, they keep getting fabulously, obscenely, gloriously richer.
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Collectively, the individuals on the Rich 100 are worth $230 billion, more than the total gross domestic product of many countries in the world, including New Zealand, Ireland and Portugal…

TORONTO – Shares of Rogers Communications Inc. and BCE Inc. were down slightly Tuesday following a major deal that will affect how hockey-mad Canadians get their NHL fix for years to come.
Toronto-based Rogers will pay $5.2 billion to the National Hockey League for broadcast and multimedia rights over a 12-year period beginning with the 2014-15 hockey season.
That will likely freeze out BCE’s TSN specialty sports TV channel, which has rights to televise some of the NHL games until the end of this season.
BCE shares slipped less than one per cent to $46.54 in early trading while Rogers stock dipped less than one per cent to $46.41 after the deal was announced before markets opened.
Rogers will use the NHL rights as part of a multi-media strategy that includes the Sportsnet specialty television channels, Rogers Wireless and Rogers Cable.
But Rogers will sublicence the rights to Hockey Night in Canada to the CBC and TVA, a private-sector francophone network in Quebec.
TVA will have French-language rights for multiple platforms, providing its parent company Quebecor Inc…

Pension giant to reduce holdings by 10 million shares as it cashes in on strong stock-market showing

Convenience store company posts second-quarter earnings of $229.8-million, up from $181.3-million a year ago

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