Douglas Peters
Encyclopedia
Douglas Dennison Peters, PC
(born March 3, 1930) is a Canadian
banker, economist
and politician
.
, the son of Mary Gladys (née Dennison) and Dr. Wilfrid Seymour Peters. In 1954, he married Audrey Catherine Clark (December 2, 1928 – August 2, 2007). He has two children, including professor David Wilfrid Peters
, and two grandchildren, including actor Keir Gilchrist
.
He received a Bachelor of Commerce degree from Queen's University
in 1963 and a Ph. D. from the Wharton School at University of Pennsylvania
in 1969 where he was classmates with two other well-known Canadian economists, Arthur Donner and Robert Rabinovitch
.
After serving as chief economist and senior vice-president of the Toronto-Dominion Bank
, Peters entered politics in the 1993 election
. He was elected as the Liberal
Member of Parliament
for Scarborough East
. Prime Minister
Jean Chrétien
appointed Peters to the position of Secretary of State
for International Financial Institutions. Peters retired from politics at the 1997 election
.
In 1979, Peters and Arthur Donner wrote a book titled "The Monetarist Counter-revolution: A Critique of Canadian Monetary Policy, 1975-1979." Douglas Peters and David Wilfrid Peters
authored an article titled "Reforming Canada's Financial Services Sector: What Needs to Follow from Bill C8,” that appeared in the December 2001 issue of the Canadian Public Policy journal.
According to author Linda McQuaig
, Peters took a Keynesian economic prescription to government, and decided to leave politics when he found that his views were largely ignored.
Queen's Privy Council for Canada
The Queen's Privy Council for Canada ), sometimes called Her Majesty's Privy Council for Canada or simply the Privy Council, is the full group of personal consultants to the monarch of Canada on state and constitutional affairs, though responsible government requires the sovereign or her viceroy,...
(born March 3, 1930) is a Canadian
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
banker, economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
and politician
Politician
A politician, political leader, or political figure is an individual who is involved in influencing public policy and decision making...
.
Life and career
Peters was born in Brandon, ManitobaBrandon, Manitoba
Brandon is the second largest city in Manitoba, Canada, and is located in the southwestern area of the province. Brandon is the largest city in the Westman region of Manitoba. The city is located along the Assiniboine River. Spruce Woods Provincial Park and CFB Shilo are a relatively short distance...
, the son of Mary Gladys (née Dennison) and Dr. Wilfrid Seymour Peters. In 1954, he married Audrey Catherine Clark (December 2, 1928 – August 2, 2007). He has two children, including professor David Wilfrid Peters
David Wilfrid Peters
David Wilfrid Peters is a Business Administration professor at University of Guelph-Humber and a consultant on finance and risk management issues. He was previously a professor at Bishop's University...
, and two grandchildren, including actor Keir Gilchrist
Keir Gilchrist
Keir David Peters Gilchrist is a Canadian actor. Gilchrist is known for playing teen Marshall Gregson on Showtime's original series United States of Tara, and for starring in the 2010 drama-comedy It's Kind of a Funny Story....
.
He received a Bachelor of Commerce degree from Queen's University
Queen's University
Queen's University, , is a public research university located in Kingston, Ontario, Canada. Founded on 16 October 1841, the university pre-dates the founding of Canada by 26 years. Queen's holds more more than of land throughout Ontario as well as Herstmonceux Castle in East Sussex, England...
in 1963 and a Ph. D. from the Wharton School at University of Pennsylvania
University of Pennsylvania
The University of Pennsylvania is a private, Ivy League university located in Philadelphia, Pennsylvania, United States. Penn is the fourth-oldest institution of higher education in the United States,Penn is the fourth-oldest using the founding dates claimed by each institution...
in 1969 where he was classmates with two other well-known Canadian economists, Arthur Donner and Robert Rabinovitch
Robert Rabinovitch
Robert Rabinovitch is a Canadian public servant and businessman, and he served as the President and CEO of the Canadian Broadcasting Corporation from 1999 to 2007....
.
After serving as chief economist and senior vice-president of the Toronto-Dominion Bank
Toronto-Dominion Bank
The Toronto-Dominion Bank , is the second-largest bank in Canada by market capitalization and based on assets. It is also the sixth largest bank in North America. Commonly known as TD and operating as TD Bank Group, the bank was created in 1955 through the merger of the Bank of Toronto and the...
, Peters entered politics in the 1993 election
Canadian federal election, 1993
The Canadian federal election of 1993 was held on October 25 of that year to elect members to the Canadian House of Commons of the 35th Parliament of Canada. Fourteen parties competed for the 295 seats in the House at that time...
. He was elected as the Liberal
Liberal Party of Canada
The Liberal Party of Canada , colloquially known as the Grits, is the oldest federally registered party in Canada. In the conventional political spectrum, the party sits between the centre and the centre-left. Historically the Liberal Party has positioned itself to the left of the Conservative...
Member of Parliament
Member of Parliament
A Member of Parliament is a representative of the voters to a :parliament. In many countries with bicameral parliaments, the term applies specifically to members of the lower house, as upper houses often have a different title, such as senate, and thus also have different titles for its members,...
for Scarborough East
Scarborough East
Scarborough East was a Canadian electoral district represented in the Canadian House of Commons from 1968 to 2003, and was represented in the Legislative Assembly of Ontario to 2007, and on Toronto City Council....
. Prime Minister
Prime Minister of Canada
The Prime Minister of Canada is the primary minister of the Crown, chairman of the Cabinet, and thus head of government for Canada, charged with advising the Canadian monarch or viceroy on the exercise of the executive powers vested in them by the constitution...
Jean Chrétien
Jean Chrétien
Joseph Jacques Jean Chrétien , known commonly as Jean Chrétien is a former Canadian politician who was the 20th Prime Minister of Canada. He served in the position for over ten years, from November 4, 1993 to December 12, 2003....
appointed Peters to the position of Secretary of State
Secretary of State (Canada)
Secretary of State was a title given to some Ministers of State in the Government of Canada sitting outside Cabinet from 1993 to 2003 and again from 2007 to 2008. Secretaries of State were members of the ministry and the Queen's Privy Council for Canada...
for International Financial Institutions. Peters retired from politics at the 1997 election
Canadian federal election, 1997
The Canadian federal election of 1997 was held on June 2, 1997, to elect members of the Canadian House of Commons of the 36th Parliament of Canada. Prime Minister Jean Chrétien's Liberal Party of Canada won a second majority government...
.
In 1979, Peters and Arthur Donner wrote a book titled "The Monetarist Counter-revolution: A Critique of Canadian Monetary Policy, 1975-1979." Douglas Peters and David Wilfrid Peters
David Wilfrid Peters
David Wilfrid Peters is a Business Administration professor at University of Guelph-Humber and a consultant on finance and risk management issues. He was previously a professor at Bishop's University...
authored an article titled "Reforming Canada's Financial Services Sector: What Needs to Follow from Bill C8,” that appeared in the December 2001 issue of the Canadian Public Policy journal.
According to author Linda McQuaig
Linda McQuaig
Linda Joy McQuaig is a Canadian journalist, columnist and non-fiction author.-History:Long a business reporter at the Globe and Mail, she subsequently wrote a column for the National Post before moving to her current job at the Toronto Star...
, Peters took a Keynesian economic prescription to government, and decided to leave politics when he found that his views were largely ignored.