From career breakthroughs to professional milestones, explore how David Peterson made an impact.
David Robert Peterson is a Canadian lawyer and former politician, most notably serving as the 20th Premier of Ontario from 1985 to 1990. His premiership marked the end of a long period of Conservative rule in Ontario, as he was the first Liberal premier in 42 years. He is notable for ending the 'Tory dynasty' in the province.
In 1944, Clarence Peterson established a wholesale electronics business called C.M. Peterson Co. Ltd.
In 1955, Clarence Peterson ran as the Ontario Liberal Party candidate in the Ontario general election in London North, losing to John Robarts.
In 1963, Clarence Peterson ran as a federal Liberal candidate in London.
In 1969, David Peterson was called to the bar.
In 1975, David Peterson was elected as the Liberal Member of Provincial Parliament (MPP) for London Centre.
On January 25, 1976, David Peterson campaigned for the leadership of the Liberal Party following Robert Nixon's resignation, narrowly losing to Stuart Smith.
In 1977, David Peterson was re-elected in the provincial election.
In 1981, David Peterson was re-elected in the provincial election.
In 1981, David Peterson worked to pay off the party's debt from the 1981 election.
On February 21, 1982, David Peterson won the Liberal leadership on the second ballot, defeating Sheila Copps with 55% of the vote. He then aimed to move the party to the 'vibrant middle, the radical centre'.
In 1982, David Peterson ran again for the Liberal leadership after Smith resigned.
On June 18, 1985, Miller's government was defeated by the Liberals and NDP when Bob Rae introduced a motion of no confidence.
In 1985, David Peterson became the 20th Premier of Ontario, marking the first Liberal officeholder in 42 years.
In 1985, David Peterson's Liberals won a narrow plurality of the popular vote, resulting in a minority government with 48 seats.
In 1985, Peterson's Liberal party was regarded as a challenger.
After a massive electoral victory in 1987, Peterson's Liberal party faced criticism from media and special interest groups, including teachers' unions and environmental groups, due to high expectations and perceived lack of strong opposition from PC and NDP parties. Protests against Peterson occurred throughout the campaign.
In 1987, after the expiration of the Liberal-NDP Accord, the Liberals won the second-largest majority government in Ontario's history, taking 95 seats out of 130.
In 1988, Peterson was a vocal opponent of free trade with the United States.
In 1989, the Liberal government of Ontario, under the management of Treasurer Robert Nixon, demonstrated fiscal prudence.
On September 6, 1990, the NDP achieved a significant victory, securing 74 seats. Peterson lost his seat to NDP candidate Marion Boyd in London Centre. The Liberal caucus was decimated, and Peterson resigned as Liberal leader.
In 1990, David Peterson's term as the 20th Premier of Ontario came to an end.
In 1990, the Liberal government was able to introduce a balanced budget for 1989–1990, following several years of deficit spending.
Since 1991, Peterson has been a director at Rogers Communications.
In 2003, Peterson was contracted by the federal government to be its chief negotiator in talks with the government of the Northwest Territories and aboriginal leaders to transfer federal powers over lands and resources.
In May 2005, Peterson played a crucial role in persuading Belinda Stronach, a federal Conservative MP, to cross the floor to the ruling Liberal Party. Her defection was critical to the survival of Paul Martin's government.
On July 1, 2006, Peterson served as Chancellor of the University of Toronto.
In 2006, Peterson was named to the board of Shoppers Drug Mart at the time of the firm's acquisition by Loblaws.
In 2006, after Martin resigned, Peterson planned to support Frank McKenna but backed Michael Ignatieff instead, criticizing Bob Rae's entry into the race due to Rae's record as premier.
On June 30, 2012, Peterson's second term as Chancellor of the University of Toronto ended.
In September 2013, Peterson was appointed chair of the Toronto 2015 Pan American Games Organizing Committee.
On May 26, 2020, NordStar Capital, including Peterson, announced a proposal to acquire TorStar Corporation for C$52-million.
By early August 2020, the bid to acquire TorStar was improved to $60 million and was approved by courts and shareholders.
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