SUMMER 2020
SUMMER 2020
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Table of Contents

Editor's letter

Redefining Power


The summer is always an exciting time—lazy afternoons spent dockside with friends, longer days, barbecues in the park, and liberation from the down-filled prisons of our winter coats. It’s also a time that we look forward to here at Bay Street Bull when we release our annual assembly of the people and businesses that are shaping Canada.

Now in its sixth year, our Power 50 guide has always been a time capsule of sorts, a snapshot into the current zeitgeist that connects the business, tech, and cultural ecosystems into one. As we started planning this year’s crop of inductees early in 2020, we found ourselves having to scrap our original plans (on multiple occasions) as the world continued to rapidly change. Who could have predicted a pandemic that would stop the world from spinning? Or a social justice movement that would reach a boiling point in response to anti-Black racism and systemic police violence sweeping across North America (and around the world.) In light of all this, it was back to the drawing board if we wanted to truly reflect the goings on in our country. 

The fact of the matter is, we’ve always tried to showcase power and influence— and the various ways that it is defined. 2020 has forced us to reevaluate what these mean to us. As COVID-19 spread throughout the world, it was met with resilience, determination, and innovation that collectively inspired us all. Healthcare heroes battled on the frontlines of the pandemic, businesses repositioned themselves as lifelines for the community, and tech startups forced themselves to innovate in order to outpace an agile and cunning disease. Our cover story featuring BlueDot founder Dr. Kamran Khan is the perfect example of power redefined. His company harnesses artificial intelligence as an early warning system to predict the proliferation of infectious diseases. In fact, it was BlueDot—a Canadian company—that detected the smoke signals of COVID-19 and raised the alarm a whole nine days before WHO. 

Of course, power is a large part of the conversation when it comes to disenfranchised communities, especially within the context of the Black Lives Matter movement. Not only is their Canadian chapter represented in this year’s assemblage, but you’ll also find various leaders and organizations who have made it their mission to rebuild the boardroom by putting more people of colour—more Black men and women—in key decision-making roles. 

Change is happening. We’re entering a new era that has ripped apart the rules that traditionally govern business, culture, and ultimately success. We’ve always been a champion of Canadian talent, and this issue is a microcosm of the visionaries, leaders, and game changers who are reshaping the world. I hope you walk away feeling like you can do the same.


Lance Chung
EDITOR-IN-CHIEF AND
CREATIVE DIRECTOR
@MRLANCECHUNG
MAsthead
Publisher
David King
Editor-in-Chief
& Creative Director

Lance Chung
Art Director
Theo Lamar
Director of Strategic
Partnerships

Sheldon Cooper
Interactive Digital
Media Editor

Holly Walker
Online Editor
Kamille Coppin
Intern
Selena Romero
Subscriptions
and Inquiries

info@rathgroupinc.com
Contributors
Tristan Bronca
Waheeda Harris
Ryan Holmes
Karen Kwan
Justin Mastine-Frost
Ilich Mejia
Chris Metler
Shane Schick

Contributors

Chris Metler
Is a far-flung correspondent whose recent assignments have not just taken him from booming mainland China to colourful, cobblestoned Old San Juan — and beyond — but afforded him an ongoing opportunity to report on global lifestyle concepts.
Ryan Holmes
Is the founder and CEO of Hootsuite. He started the company in 2008 and has helped grow it into the world’s most widely used social relationship platform, with 18-million-plus users. A serial entrepreneur who started his first business in high school, Ryan supports youth entrepreneurship through his charity, League of Innovators.
Ilich Mejia
Got his start shooting major campaigns for Roots Canada with the likes of The Weeknd, Josh Donaldson, and Wayne Gretzky to name a few. His work has appeared internationally in magazines, billboards, and newspapers. He now works as a freelance photographer and designer, and continues to shoot, develop, and print using the analogue process.
Karen Kwan
Is a travel, health and lifestyle freelance writer and social media manager whose work has appeared in many of Canada’s top outlets including Best Health, Flare, Metro, Toronto, Elle Canada and VitaDaily.ca. Originally from Montreal, where she studied marketing at Concordia University, she’s now based in Toronto where you’ll find her running her blog, healthandswellness.com, training for marathons and exploring the city with her rescue dog, Billie Jean.
Waheeda Harris
 Is a freelance journalist inspired by creators who take their dreams and make them a reality in visual art, culture, cuisine, design, and travel. As a pop culture junkie, she adores wandering through contemporary art galleries and checking in to hotels. She's a regular contributor to The Globe & Mail, NUVO, Travelweek, Taste & Travel Magazine, HotelAddict.com and Travel Life. 
Shane Schick
Has been a columnist for The Globe and Mail, the Editor in Chief of Marketing Magazine, and an Editor-at-Large at Swagger Magazine. Besides contributing to Bay Street Bull, Shane is developing a publication about customer experience design called 360 Magazine, hosts The Owned Media Observer podcast and blogs about fashion and style at Menswhere.ca. He lives in Toronto with his wife and three children.

market report

Top shelf

Take to
the Waters

The latest movement in beverages isn’t a boozy type of tipple, but rather a new wave of infused waters. 

Whether at the end of a long day or while basking on a sun-soaked patio, diving into an ice-cold drink is one of the many joys that come with the onset of summer. While we may associate many of these experiences with one form of alcohol or another, there’s a growing number of people who have embraced the zero-booze movement and prefer to hydrate themselves otherwise. Who says water has to be boring? These up-and-coming Canadian brands are proving otherwise. As you settle into summer, refresh yourself with these enticing non-alcoholic and H20-forward options.

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Daydream
These Instagrammable cans will make you feel like you’re floating on a cloud. Daydream is Canada’s first sparkling water that’s infused with hemp extracts and adaptogens. The unique blend of ingredients is said to help with memory, focus, and stress reduction. If you’re not a #wellness fanatic, you can at the very least enjoy a sparkling beverage (with flavours like peach ginger, blackberry chai, and cucumber lime) that will tickle your taste buds and ease you into the summer.

Sapsucker
Everybody knows that you need to water plants, but did you know you can drink water from them? Sapsucker’s organic sparkling plant-water is rich in vitamins and antioxidants, with a subtle bubble and slight sweetness. Powered by 46 naturally occurring minerals and packaged in three vibrant cans, it’s the perfect dockside companion for the summer.

.02

Lark
Upgrade your hydration with Lark’s environmentally-friendly glass bottles. A direct response to the mounting climate crisis and environmental pollution, the closed-loop delivery system keeps plastic out of the ocean in the brand’s bid to be an uncompromising option for those who value sustainability. Lark offers flavoured varieties, which include infusions of natural ingredients like roselle, elderflower, and bluebelle vine, as well as traditional still and sparkling water from Ontario. All you have to do is be home for the delivery.

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market report

Top shelf

Take to
the Waters

The latest movement in beverages isn’t a boozy type of tipple, but rather a new wave of infused waters. 

Whether at the end of a long day or while basking on a sun-soaked patio, diving into an ice-cold drink is one of the many joys that come with the onset of summer. While we may associate many of these experiences with one form of alcohol or another, there’s a growing number of people who have embraced the zero-booze movement and prefer to hydrate themselves otherwise. Who says water has to be boring? These up-and-coming Canadian brands are proving otherwise. As you settle into summer, refresh yourself with these enticing non-alcoholic and H20-forward options.

.03

Daydream
These Instagrammable cans will make you feel like you’re floating on a cloud. Daydream is Canada’s first sparkling water that’s infused with hemp extracts and adaptogens. The unique blend of ingredients is said to help with memory, focus, and stress reduction. If you’re not a #wellness fanatic, you can at the very least enjoy a sparkling beverage (with flavours like peach ginger, blackberry chai, and cucumber lime) that will tickle your taste buds and ease you into the summer.

Sapsucker
Everybody knows that you need to water plants, but did you know you can drink water from them? Sapsucker’s organic sparkling plant-water is rich in vitamins and antioxidants, with a subtle bubble and slight sweetness. Powered by 46 naturally occurring minerals and packaged in three vibrant cans, it’s the perfect dockside companion for the summer.

.02

Lark
Upgrade your hydration with Lark’s environmentally-friendly glass bottles. A direct response to the mounting climate crisis and environmental pollution, the closed-loop delivery system keeps plastic out of the ocean in the brand’s bid to be an uncompromising option for those who value sustainability. Lark offers flavoured varieties, which include infusions of natural ingredients like roselle, elderflower, and bluebelle vine, as well as traditional still and sparkling water from Ontario. All you have to do is be home for the delivery.

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market report

GEAR

Saving Face

Cover up this summer with these locally-made, non-medical face masks

As communities across Canada slowly ease their way into reopening, it’s important that we don’t forget the lessons we’ve had to learn the past few months in order to get where we are today. What does that mean? Social distancing, liberal hand washing, and the proper use of face masks. 

While the non-medical variety may not protect the wearer from coronavirus itself, it can help reduce the spread of respiratory droplets when worn properly and act as an effective hand-to-mouth barrier. Chances are, you’ll need more than one reusable mask in your rotation this summer. Why not go local? Here are a few options to consider.

.01 Kanuk

Historically, silver has widely been used for its antibacterial properties. In fact, NASA uses the material to protect its crew against microbes, as well as for its anti-moisture and anti-odour properties. With this in mind, outerwear purveyor Kanuk weaves silver thread into the fabric of its masks, which also features malleable wire for ease of wear, comes in seven colours and three different sizes. $30

.02 Caitlin Power

Utilizing her expertise in design, fashion designer Caitlin Power shifted her business model during the height of the COVID-19 pandemic to the production of PPE—or rather, CPPE. Made of a reusable, Italian double-layered neoprene fabric, these non-medical masks are made-to-order and come in neutral tones or, for the more adventurous, acid green tie-dye. $30

.03 Reigning Champ

Canada’s west coast is responsible for some of our most popular fashion exports: lululemon, Aritzia, Arc’teryx, Herschel, wings + horns, and Reigning Champ. Known for their supply of quality athletic wear, the Vancouver-based brand has crafted handmade non-medical masks made from breathable COOLMAX Pique, a durable and flexible material lined with a soft Pima Jersey interior, and a built-in pocket for filters. Complementary with all orders (for a limited time)

.04 UNTTLD

While a face mask’s primary focus is utilitarian and preventative in function, that’s not to say that they can’t look great either. Such is the approach of Montreal-based fashion house UNTTLD and their array of stylish masks. Lined with 100 percent cotton and featuring an adjustable nose wire, the sale of each mask also supports women with ten percent going to The Patricia Mackenzie Pavillion, a facility that provides a safe space for all women to stay. $50

.05 NARCES

Known for their runway confections and decadent evening wear, NARCES’ masks run the gamut from subdued to dramatic to whimsical. Exhibit A? This white organza embroidered lip style that has no shortage of personality and charm. All masks are washable and include a filter pocket for extra protection. $50

market report

glorious domestic products

Best in Class

We stand on guard for these outstanding Canadian brands

In 2020, Canada turns 153 years old. Comparatively speaking, we’re still a young country if you look at our international counterparts but in a relatively short period of time, we’ve come a long way and made our mark. Here in the Great White North, there are a number of things to be proud of: free healthcare, a diverse and multicultural society, a politically stable landscape (not to be taken for granted these days), and a dynamic entrepreneurial ecosystem. We’re also home to some of the world’s greatest brands across the board, committed to top-notch quality and craftsmanship.

We’ve decided to put together a collection featuring some of our favourite Canadian brands in celebration of Canada’s big 1-5-3. From the wardrobe, to the bar, to the living room, here are 10 exceptional companies you can find here in our very own backyard. Head over to our regular site for more Glorious Domestic Products.

.01 Coolican & Co.

For those wanting to refurbish their dwellings, look no further than Ontario’s Coolican & Co. Looking to create a small-batch furniture company that prioritized sustainability and design, Peter Coolican launched his eponymous brand of beautifully minimal and functional wares. Committed to responsible production, they source their wood through Ontario’s Ministry of Natural Resources, which only harvests a fifth of one percent of the province’s forests and replaces every tree that is cut down by planting three more.

.02 F. Miller

Founded by Fran Miller in 2014, F. Miller was created as an answer to the market’s lack of skincare essentials that put quality and nature first. Having since expanded from their original Face Oil to a range of products for the face, body, and hair, the common denominator across the mix remains the same: simple, functional items that are free of the bad (synthetics, parabens, phthalates, GMOs, cruelty, compromises) and full of the good (sustainability, transparency, responsibility).

.03 Collective Arts Brewing

A grassroots craft brewery based out of Hamilton, Ontario, Collective Arts Brewing marries fine beer-making with art. Known for their eclectic cans, the company works with artists to create limited-edition labels that are as unique as the liquid inside. From their Blood Orange & Hibiscus Sour to the Hazy State IPA, each brew is made with creativity and flavour in mind.

.04 Spirit of York

Gin fans, rejoice! Located in Toronto’s historic distillery district, Spirit of York crafts world-class spirits through its rigorous quality standards and grain-to-glass approach. Infused with 15 carefully selected botanicals, theirs is a refreshingly crisp gin that can be consumed on its own or paired well inside of a classic cocktail. The microdistillery was also one of the first to respond during the initial wave of COVID-19 by converting their facilities to the production of hand sanitizer.

.05 Bather

As the name suggests, Bather encourages people to get out and dive into bliss, whether that’s manifested dockside on a lake or along the beaches of vacation getaway. Canada certainly isn’t known for its warm weather, which makes this swimwear company stand out amongst others. Designed and manufactured in Toronto, each design has a personality and charm of its own, making it the perfect summer companion.

.06 Sentaler

If it’s one thing that Canada does better than anyone else, it’s outerwear. After all, what better an environment to put design and manufacturing skills to the test than our frigid and ever-changing climate. A perennial favourite of the style elite, Sentaler uses Peruvian alpaca wool (known for its soft, heat-regulating, and hypoallergenic properties) in their designs as a sustainable and eco-friendly alternative to other products on the market. Meghan Markle, Jennifer Lopez, and Gigi Hadid all count themselves as fans.

.07 Birchall & Taylor

It’s not often that you hear of a luxury watchmaker coming out of Canada (at least one that you can take seriously) but Birchall & Taylor is the real deal. Founders Charles Birchall and Brad Taylor combined the watchmaking skills they acquired in Switzerland to create the first timepiece under their namesake brand, Reference:1—a beautifully minimal 38mm watch that merges modern design with classic watchmaking skills.

.08 Biko

Founded by Corrine Anestopoulos, BIKO is a jewelry brand that crafts pieces for the woman in search of the unique. Drawing inspiration from global treasures, found curiosities, and vintage items, the Canadian brand offers women a high-quality and accessible option to revamp their wardrobes with modern classics.

.09 Monte & Coe

Tired of fast fashion, what evolved from the hunt for the perfect weekender bag turned into a modern travel and accessories brand. Founded by four intrepid entrepreneurs, Monte & Coe offers a sartorial solution for those in search of dependable and stylish bags primed for a weekend getaway or overseas expedition. Their bags—which range from totes to briefcases—use sustainable wool sourced from a family-run mill in Italy and incorporate eco-friendly practices, meaning vegetable tanned leather free of chemicals.

.10 Fumile

Hats are not always the easiest to pull off, but if you’re looking for a sartorial coronation, go for the good stuff. Montreal-based Fumile specializes in millinery that is handcrafted and made-to-order. A quick browse through their online boutique brings up a wide range of chapeaus, each with their own distinct and unique personalities.

out of office

Fashion

Black Beauty

10 Black-owned Canadian beauty and fashion brands you should know

To date, fashion has had a less than impressive track record when it comes to representing diverse voices across the industry—and by extension, a diverse clientele. Whether a global marketing campaign or a Parisian runway show, progress has been a slow crawl towards a truly inclusive environment that is reflective of the world we live in today. With the Black Lives Matter movement reigniting a global dialogue around social justice reform, a push to support Black-owned enterprises across multiple sectors has arisen as a result.
 
Here in Canada, there’s no shortage of Black designers and beauty entrepreneurs who have carved out a space for themselves in an already saturated market. From menswear tailors and jewelry artisans to luxe streetwear and red carpet perennials, here are 10 incredible homegrown, Black-owned brands you should be adding to your sartorial and beauty regimen next.
<< | SLIDE TO NAVIGATE | >>

Andrea Iyamah

Owned by Nigerian fashion designer, Dumebi Iyamah, Andrea Iyamah is known for its use of vibrant colours and unique take on swimwear. What began as a blog turned into a full-blown brand when Dumebi, aged 17 at the time, enhanced her tailoring skills and used her style intuition to bring her brand to life. Based in both Canada and Nigeria, the brand is heavily influenced by an array of African design and speaks to a clientele that embraces culture through fashion.

Brother Vellies

Committed to keeping traditional African design techniques alive through its use of artisans and sustainable practices, Brother Vellies celebrates culture and design through its range of luxe footwear and accessories. Founder Aurora James recently spearheaded the #15PercentPledge, which challenges major corporations to commit 15 percent of their products to be made by black-owned businesses; beauty-giant Sephora has agreed to take part.

Greta Constantine

Counting an elite roster of A-list talent like Catherine O’Hara, Angela Bassett, Tiffany Haddish, Ciara, and Ava Duvernay as loyal fans, Canadian womenswear brand Greta Constantine has carved out a reputation for its glamorous, red carpet confections. Designers Kirk Pickersgill and Stephen Wong work harmoniously to create standout pieces that only further establish Canada’s contributions to the global fashion landscape.

jELN

Growing up in a Caribbean household, jELN founder Crystal Rowe developed a passion for natural herbs and healing. She has turned that passion into creating products that beautify the body and soothe the soul. Think: hydrating oils and rejuvenating butters that will leave you feeling refreshed as you put self-care front and center. Better yet, they’re handmade and sustainably sourced.

Makeup For Melanin Girls

An uncomfortable makeup experience at a runway show left Tomi Gbeleyi determined to put an end to the limits of makeup shades. What began as an Instagram account, Makeup For Melanin Girls (MFMG) grew into a community and resulted in a product line geared towards putting darker skin tones front and centre. With products for the eyes, lips, and face, expect full coverage from MFMG.

Mike Paul Atelier

The ultimate luxury, Mike Paul Atelier’s four-step process of handmade designs oozes class and elegance. CEO and creative director, Mike-Paul Neufville, aims to create a perfectly tailored experience by offering a full spectrum of services from luxe accessories to bespoke suiting for the client that appreciates sartorial excellence. In addition to their Atelier services, the brand offers a line of classic essentials as well as wardrobe consulting.

Omi Woods

Omi Woods jewelry is handmade with fair-trade African gold and globally sourced conflict-free fine metals. It’s a testament to the brand’s values, rooted in responsible sourcing and fair labour practices. The accessories are classic in design and meant to withstand time—an heirloom anyone would be lucky to inherit. Ranging from necklaces and earrings to bracelets and rings, there are endless options to wear individually or in combination.

Pretty Denim

This premium women’s denim brand produces anything but your average pair of blue jeans. Focused on tailored and structured designs, Pretty Denim elevates the style and possibilities of what you think denim should look like. Founded by stylist Tahnee Lloyd-Smith, the brand is committed to ethical fashion practices and uses responsibly-sourced cotton and buttons. All garments are made here in Canada, giving new meaning to the Canadian tuxedo.

Spencer badu

This streetwear-inspired line was created by Spencer Badu in 2015. The brand breaks down stereotypes by designing gender-neutral items that are as fashion-forward as they are functional. Spencer Badu went viral when A$AP Rocky was photographed in a pair of the brand’s sweatpants a few years ago, and has continued to grow ever since. The unisex garments continue to push boundaries as the fashion industry reexamines the need for gender-conforming design.

Essentials
by Temi

Essentials by Temi was born after founder Temi Shobowale had a desire to create a skincare product without the harmful ingredients used in many cult favourites. The handcrafted skin essentials are cruelty-free, and made without harsh chemicals or fillers. Shobowale’s impact has expanded further than skincare products with quarterly proceeds being donated to the Ajike Shea Centre in Ghana, a social enterprise created to empower rural women within West Africa.

out of office

test drive

Justifying Excess

On the road with the Bentley Continental GT V8 convertible
T

he luxury car world is a strange place to attempt to justify a sticker price without a healthy exposure to the luxury segment as a whole. It’s a world of why not over why, and a space where (from an outsider’s perspective) the game is always about one-upping the competition in some form or fashion. That said, there’s so much more to the equation—personalization, quality, craftsmanship, unrivaled performance. Once you start scratching beneath the surface it’s easier to see value in any kind of luxury goods at a tangible level. This is a very low production car, built at an extremely high level of detail. From the quality of the woods, leathers, and metals used in its interior, to the size and strength of the bolts holding down the most basic of components, cars like Bentley’s Continental GT V8 are the last of the properly over-engineered cars on the market. It’s excess at its finest, yes, and there’s no way that anyone could ever mutter the words “but I really need to own a Bentley”, but let me tell you that I make absolutely no qualms about wanting one.

Depending on where you’re at in the arc of performance car enjoyment, there might only be parts of this manifesto that you’ll identify with. I’m the first to admit that not that long ago, one of my favourite cars to drive was the rigid Porsche Cayman R, and I have previously spent time lamenting about how I missed Lambo manual gearboxes as well as how I found the Mclaren 650S too foolproof and rookie friendly. That said, I’ve never had ill will towards cars with a comfort bias; more than anything my gripes are with cars that don’t live up to their intended purpose.

The Continental GT V8 Convertible is precisely that—a 542 horsepower luxury GT car built with intent. Will it outpace a current generation Porsche 911 Turbo (which flies in the same price bracket)? Of course not, that’s not what it’s built to do. It could run closer to the Aston Martin V8 Vantage, but even in that case the two cars aren’t built with the exact same end user in mind. The trade being made with the Continental GT V8 is less about compromise and more about convenience. It’s a big car, measuring nearly 16 feet long and weighing roughly 6,173 pounds. It has ample room for full-grown adults in both front and rear seats (even with the roof closed), and has 235 litres (8.3 cubic feet) of luggage space. By comparison, the modern Porsche’s ‘frunk’ will pack 127 litres (4.5 cubic feet), whereas the similarly focused BMW 8-series convertible claims 348 litres (12.3 cubic feet) with the roof closed. Mind you, the BMW has a section that is lost when driving with the roof down, which we suspect would bring those specs closer to being on par.

It’s worth noting that its large proportions play a key role in its form as much as its function. The Continental GT walks the line between flowy elegance and brutish posturing, in a way that makes it hard to believe that this is the same team that penned the awkward luxo-tank that is the Bentley Bentayga. If given the choice the lines of the coupe will always beat the soft-top, but overall the Continental GT is one of the more well-executed automotive decapitations available today.

There’s also the statement and exclusivity factor that only the likes of Bentley or Rolls-Royce can bring. To some it’s pomp and circumstance, but to others it’s an appreciation of things that take time and craftsmanship to execute. As it stands, Bentley delivers a little over 10,000 cars to the global market annually, and the GT as a whole (coupe, convertible, V8 and W12) makes up 45 percent of that. Even though they’re on the more affordable end of the Bentley spectrum these are seriously scarce cars when compared to most of what’s on the road, and with that comes the added exclusivity of personalization. Outside of body panel modification, if there’s a color palette, material, pattern, logo, or just about anything else you want in or on your Bentley, you can have it. That’s a level of ‘treat yo self’ that isn’t readily available from your run-of-the-mill GTs.

From behind the wheel, the Continental GT V8 Convertible is a lesson in balance. Those who shop the spec sheet will be quick to balk at the fact that the Convertible’s 0-100km/h time of 4.1 seconds is a touch slower than that of a similarly priced Aston Martin, Porsche, or Mercedes AMG GT, but there are countless ways in which this statistic is painfully irrelevant. One doesn’t fall in love with a car for its spec sheet, but rather for its experience, its quality, and (to use a BMW tagline) the joy of driving. This is where the Bentley shines, and effectively outshines its competition. Its raspy, burbling 4.0-litre V8 engine might not be loud enough to wake your neighbors (leave that to the Mustangs and Lambos of the world), but as soon as you get your foot down on the throttle you’ll be grinning ear-to-ear. There’s a sharpness to the chassis of this new iteration that was lacking in the previous Continental as well, to the point that while this is still meant to be a grand touring ‘gentleman’s cruiser’, Bentley has clearly answered the call of the more spirited drivers out there.

Back to the point of balance, a key differentiator between the Continental and other supposed price category competitors is the fact that this thing is clearly built to log all the miles regardless of environment. It can be smooth when it needs to be smooth, edgy when it needs to be edgy, and pretty much anything in between. Having spent a couple of days at the wheel departing through Phoenix in rush hour, then up through a litany of winding mountain passes and through state parks, it didn’t matter whether it was rush hour or a hard sprint through the desert—the Continental GT V8 handled it all gracefully. Once you start dipping a toe into more performance-bias cars, you start sacrificing that comfort for the sake of lap times that 90 percent of drivers will never put to use. Owning this convertible means that so long as the weather’s on your side, you’ll seldom find a time where it wouldn’t be the ride of choice. Given our Canadian climate, this would earn a few more points for the fixed roof version, but with COVID-19 doing its thing and thoughts of road trips looming, the convertible would make for a mighty fine companion.

Welcome to Bay Street Bull’s sixth annual POWER 50

For so long, Canada has been known as the quiet and unassuming nation that shyly whispered its accomplishments from the sidelines. But those days are coming to an end. We have much to be proud of and as we continue to further establish ourselves as leaders in the global landscape, we’ve found our voice—and we’ve got something to say.

We believe in progress. We believe in innovation, growth, and reflection. We believe in cultivating talent and supporting local industries while simultaneously setting forth to conquer the world.

That’s what our POWER 50 guide is about. In our sixth annual iteration, we’ve assembled the pathfinding change-makers and visionary companies who are shaping Canada and doing us proud.  Feel free to be inspired. 

Be sure to use #BSBPower50 to share your thoughts on social media.

1. Big Business

The thing about public health is that if it’s working the way it’s supposed to, you’d never hear about it. But when drinking water’s no longer clean, or diseases start rampaging through the population the value of it becomes painfully obvious. It says something about this particular moment in history that Canadian public health officials have become celebrities. Scientifically minded, composed in the face of dizzying uncertainty, and yet intimately attuned to the suffering of the people they are charged with protecting, these leaders have been our anchors in the turbulence of the COVID-19 pandemic.

2. Change Maker Companies

The thing about public health is that if it’s working the way it’s supposed to, you’d never hear about it. But when drinking water’s no longer clean, or diseases start rampaging through the population the value of it becomes painfully obvious. It says something about this particular moment in history that Canadian public health officials have become celebrities. Scientifically minded, composed in the face of dizzying uncertainty, and yet intimately attuned to the suffering of the people they are charged with protecting, these leaders have been our anchors in the turbulence of the COVID-19 pandemic.

3. HEALTHCARE HEROES

The thing about public health is that if it’s working the way it’s supposed to, you’d never hear about it. But when drinking water’s no longer clean, or diseases start rampaging through the population the value of it becomes painfully obvious. It says something about this particular moment in history that Canadian public health officials have become celebrities. Scientifically minded, composed in the face of dizzying uncertainty, and yet intimately attuned to the suffering of the people they are charged with protecting, these leaders have been our anchors in the turbulence of the COVID-19 pandemic.

4. Innovation Hubs

The thing about public health is that if it’s working the way it’s supposed to, you’d never hear about it. But when drinking water’s no longer clean, or diseases start rampaging through the population the value of it becomes painfully obvious. It says something about this particular moment in history that Canadian public health officials have become celebrities. Scientifically minded, composed in the face of dizzying uncertainty, and yet intimately attuned to the suffering of the people they are charged with protecting, these leaders have been our anchors in the turbulence of the COVID-19 pandemic.

5. Community Leaders

The thing about public health is that if it’s working the way it’s supposed to, you’d never hear about it. But when drinking water’s no longer clean, or diseases start rampaging through the population the value of it becomes painfully obvious. It says something about this particular moment in history that Canadian public health officials have become celebrities. Scientifically minded, composed in the face of dizzying uncertainty, and yet intimately attuned to the suffering of the people they are charged with protecting, these leaders have been our anchors in the turbulence of the COVID-19 pandemic.

6. Culture Counsel

The thing about public health is that if it’s working the way it’s supposed to, you’d never hear about it. But when drinking water’s no longer clean, or diseases start rampaging through the population the value of it becomes painfully obvious. It says something about this particular moment in history that Canadian public health officials have become celebrities. Scientifically minded, composed in the face of dizzying uncertainty, and yet intimately attuned to the suffering of the people they are charged with protecting, these leaders have been our anchors in the turbulence of the COVID-19 pandemic.

01.BlueDot 02.Shopify 03.tophat 04.wattpad 05.Business development bank canada 06.Wave financial 07.symend 08.ecopia 09.willful 10.clearbanc 11.goodee 12.13.14.Dream Maker ventures 15.16.Equality fund 17.sheeo 18.standup ventures 19.Fierce Founders 20.Venture Out21.Pride at work22.Canadian Gay & Lesbian Chamber of Commerce 23.knix 24.myant 25.Dr. deena hinshaw 26.dr. bonnie henry 27.patty hajdu 28.dr. Theresa tam 29.Mindbeacon 30.figure 1 31.tevosol 32.lilia 33.dr. jen gunter 34.mars 35.creative destruction lab 36.vector institute 37.dmz 38.claudette mcgowan 39.Black lives matter to 40.Wes Hall 41.Mohamad Fakih 42.Ahmed ismail 43.Simu liu 44.sandra oh 45.Schitt's Creek 46.lilly singh 47.Ryan reynolds 48.samantha bee 49.Kim's convenience 50.Baroness von Sketch Show

Shopify 

For powering the future of e-commerce

While entrepreneurs might turn to financial institutions during a crisis like COVID-19 to bail them out, Shopify’s software allowed them to build their online revenues up. That might explain why in May, the Ottawa-based firm eclipsed RBC to become the most valuable public company in Canada based on its first quarter earnings. 

Building upon its original toolset to handle everything from payments to shipping, Shopify also launched Shop, a consumer-facing mobile app that any small business can offer customers instead of building their own. It was a move that made Britain’s Guardian newspaper describe the company as “the good Amazon.” A deal with Walmart, meanwhile, will let 1,200 Shopify merchants sell products on its world’s largest retailer’s online marketplace. 

Within the business community, however, Shopify’s most influential moment didn’t involve a product or a service but a policy. Rather than order employees back to its offices as the economy reopened, Shopify CEO Tobias Lutke said the company would become “digital by default,” with the majority of its 5,000-strong team working remotely until 2021 and possibly beyond. “Office centricity is over,” Lutke tweeted. Shopify, however, seems destined to be at the centre of whatever comes next. - SS

Top Hat 

For revolutionizing the classroom

No more pencils, no more books — a sudden pandemic was all it took. With schools abruptly shutting their doors, the entire education sector was forced into a shift to digital-first learning that was probably long overdue. This was a challenge Toronto-based Top Hat’s software platform was deliberately designed to overcome, with tools that let professors and other teaching faculty stream lectures, record class meetings and conduct tests remotely. 

While it’s far from the only player in this space, Top Hat made an acquisition in late May that might keep it at the head of the class. Its purchase of more than 400 postsecondary textbook titles from Nelson Education will infuse its applications with the kind of content that builds credibility among its target customers and gives students fewer reasons to stuff their backpacks with heavy hardcovers. 

There are still a lot of question marks about what the fall term will look like, but one thing’s for sure: educators will be looking for some assistance in offering blended (or in some cases fully online) learning. And when they do, Top Hat will be raising its hand. - SS

Op-ed

Is COVID-19 the Death Knell for 1800s-era Work Culture?

The idea of clocking in and clocking out—and so many other factory-era work practices—are on the decline during COVID-19. Here's why the changes may be permanent.
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he first time someone actually "punched in" to work was 1888. Invented by a jeweler named William Bundy, the mechanical time clock enabled factories to monitor—with machine-like precision—how long people worked and how much they were owed.

In many ways, the time clock was the consummate expression of the factory system that grew out of the Industrial Revolution. Workers, largely interchangeable, came to a centralized workplace. They worked standard hours, doing repetitive tasks, overseen by management. In exchange for their time, they got a paycheck.

Even though these practices date back hundreds of years, they probably sound pretty familiar. Fact is, conventions developed during the Industrial Revolution—from "clocking in" to the standard work week—continue to define workplace culture, even in the knowledge era. But COVID-19 is quietly changing that, and it's not a moment too soon.  

Our fixation on input culture

One of the most profound changes that accompanied the Industrial Revolution was a shift in focus to "inputs." Prior to the factory system, workers were compensated for output, i.e. what they actually made or produced. Under the workshop system (also known as the putting-out system), people—from shoemakers and seamstresses to gunsmiths and carpenters—managed their own time and resources, working out of their own homes or shops. They enjoyed autonomy over their work and their time. What mattered was the final product, not the hours spent making it.

Factory life changed all that. Suddenly, compensation was tied to hours worked. This shift in focus to inputs was part of a broader commoditization of labor during the Industrial Revolution. People were visualized as cogs in a larger machine, an approach that reached its apex in Ford's assembly lines. Rather than taking ownership over a finished product, each person was reduced to doing one repetitive task for a set number of hours each day.

Unsurprisingly, this lack of autonomy proved profoundly disincentivizing. Managers and bosses became critical pieces of the workforce and were needed to monitor and motivate people. Oversight and surveillance replaced autonomy and ownership as pillars of work. 

Perhaps these ideas made sense during the Industrial Revolution when you had unskilled populations engaging in manual labour. But what's shocking is how many of these practices have made their way, practically wholesale, into contemporary work culture.

Even in knowledge-based, tech-forward sectors, professionals today are still expected to work a set number of hours each week. They're expected to come into the office, Monday through Friday at predetermined times. They're watched over by bosses who still subscribe to the time-honored butts-in-seats school of management. We've even perpetuated the "cog in a machine" concept, siloing workers in different departments and limiting them to discrete functions.

The renaissance of output culture 

In short, though many of us are working with lines of code instead of on assembly lines, input culture still prevails. Nearly overnight, the current crisis has challenged that. The idea of clocking in and clocking out suddenly seems quaint. 9-5 has lost meaning for lots of working parents, who work whenever they can find time. For so many of us, work now gets done when it gets done—and lots of companies are fine with that.

Yes, there's employee surveillance software that can monitor online activity, and some companies are even resorting to always-on webcams. But does it really make sense to still track butts in seats when people aren't in your office ... and aren't even in your seats?

Here's the thing: inputs, which were never really the best thing to fixate on, have become unwieldy and impractical. What if we stopped obsessing over how many hours people work and instead focus on what they get done? What if we extended autonomy to employees and let them set their own schedules? What if we just set clear goals, then gave people the tools and ownership to achieve them?

All that might sound pollyannaish, except for the fact that COVID-10 has shown that this approach can indeed work. Granted, it won't work in all industries and isn't failproof. Setting clear output goals is a big part of the equation. Whether we're talking KPIs or OKRs, employees and employers need to come together to set realistic objectives and a timeframe to achieve them in.

Deeper still, output culture requires fully embracing employees as contributors and colleagues, not cogs in a wheel. Values alignment is key, as is equitable treatment and fair compensation. Without pride in one's work and pride in one's employer, the trust this approach is built around falls apart. 

Ryan Holmes is the founder and CEO of Hootsuite. He started the company in 2008 and has helped grow it into the world’s most widely used social relationship platform, with 18-million-plus users. A serial entrepreneur who started his first business in high school, Ryan supports youth entrepreneurship through his charity, League of Innovators.

women who lead

“It was time for a change and we weren't going to wait around for someone else to do it”
“If girls are missing school they don't have the same chances and the same education that their male classmates have”

Carinne Chambers-Saini

The DivaCup founder talks period poverty, women’s health, and using business as a force for good.
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hen DivaCup entered the menstrual market it disrupted the status quo. The reusable, eco-friendly menstrual cup was drastically different from the tampons and pads that were being offered. 

Frustrated with the products on the market, and recognizing the need for a more environmentally friendly option, something that seemed radical at the time was a no brainer for co-founder and CEO of Diva International, Carinne Chambers-Saini.

“It was time for a change and we weren't going to wait around for someone else to do it,” she said.

Convincing consumers to try the DivaCup wasn’t easy at first; Chambers-Saini described it as “a product no one wanted to hear about.” But the passion-project that began at a kitchen table with Chambers-Saini and her mother, Francine Chambers, is now sold at 65,000 retail locations in 35 countries around the world.

Nearly 20 years later, Chambers-Saini is pushing for change again. 

For some people, getting a period is an inconvenience: you might get cramps, unexpected cravings, or maybe a skin outbreak. For others, a period is an obstacle that prevents them from living their life.

‘Period poverty’ is the issue surrounding the inability to afford or lack of access to menstrual hygiene products.

Without these necessary products, people with periods are subjected to missing work and students can miss school for extended periods of time. Considering that a period is a monthly occurrence, not having access to menstrual hygiene products can equate to less opportunity.

“If girls are missing school they don't have the same chances and the same education that their male classmates have,” said Chambers-Saini. “How are they going to be able to compete on the same level when they get to the workforce?”

The menstrual equity movement aims to change the accessibility, affordability, and conversation of menstrual hygiene. Simply put, a period is not a choice—it is a biological process and it certainly shouldn’t result in inequality.

Chambers-Saini is passionate about the menstrual equity movement, and believes that starting challenging conversations can have a bigger impact than you might think. 

“These conversations are going to help to break down the stigma that's around menstruation and around these issues,” she said.

One way that Diva International is pushing the conversation forward is through a feature-length documentary, Pandora’s Box. Produced and directed by a primarily female crew, the documentary explores the cultural and societal experiences of people who menstruate.

Pandora's box is about exposing all of the discrimination, abuse, and inequities that are happening around the world and how they're affecting so many people,” said Chambers-Saini. “I mean, 50 percent of the population is women and it is something that we are trying to bring to the forefront because these conversations really do need to happen.”

As a certified B Corporation, Diva International is dedicated to using the brand and the business as a force for good in the world. It joins a movement of companies who have committed themselves to look beyond profits and use their influence to enact change in the community.

Through their mission to improve the period experience and provide a better option for women and people who menstruate around the world, Diva International has become a brand that transcends the feminine hygiene aisle.

“We've really become very focused on much more than the product,” said Chambers-Saini. “Our company has become a voice in the menstrual equity movement.”

As Diva International continues to push the conversation about periods forward, they’re not alone. Over the years, they have gained many supporters—Chambers-Saini she’s even heard of people getting DivaCup tattoos.

“It's almost been a cultural phenomenon, which has contributed to our role in the menstrual equity movement, because of all the conversations it’s created,” she said. “Before the DivaCup, no one really talked about their period. We get all this feedback from our consumer saying that our products completely changed their life. It just doesn't get any better than that”

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Exit interview

Masai Ujiri
President, Toronto Raptors

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very year, Audi hosts a gathering of industry heavyweights to discuss innovation and leadership. While any regular year would see a jam-packed room of Toronto’s most influential men and women taking in the advice of an industry champion (like mega-designer Tommy Hilfiger or Netflix co-founder Marc Randolph), this year’s iteration of the Audi Innovation Series was different. For the first time, the German luxury automaker hosted its annual thought leader series in an entirely virtual format without a live audience to ensure the health and safety of participants—but that doesn’t mean the takeaways were any less inspiring.

Arguably one of Canada’s most revered business and sports leaders, this year’s guest of honour was Toronto Raptors president, Masai Ujiri. One of the driving forces behind Toronto’s NBA Championship-winning season, Ujiri will forever be cemented in Canada’s canon of iconic sports moments. But the road to success has been paved with many lessons learned—hardly a journey that one would call easy. In a discussion with CBC news anchor Dwight Drummond, Ujiri chatted about innovation in sports, making difficult decisions, his non-profit Giants of Africa, and what success means to him.

You're the son of a doctor and your dad was also an educator. Your parents were professionals, but what was the motivation for you in the beginning? How did your early life provide the foundation for what was to come?

At 13 years old, I found basketball and fell in love with an unbelievable game that has given me all of these incredible opportunities and taken me on this lifelong journey. Growing up in Africa, the spirit and the passion for life, playing with your friends, the outdoors, doing everything any young kid would want to do and just being happy—I appreciate it now. I try to give that to my kids; the freedom to be happy.

The Audi Innovation Series is about building a conversation around creativity and innovation. Can you speak a little bit about how you define elements like creativity and innovation in your work? Does it drive your leadership in your current role as president of the Toronto Raptors?

Yes, there's no question. I think it starts by hiring smart people. I would go further to say, I hire people that are smarter than me. You have to hire outside-the-box thinkers and people that think differently. In our business, I'm not afraid to try and that's one of the things that I look for in others. The way Nick Nurse coaches, he's not afraid to try. He might lose a game here or there, but [he’s always willing to try.] Sometimes we have to be different. There was only one woman [employed by the Raptors organization] when we first started. When I took over, we went from one to 14 women working for the Raptors at all different levels, and that's intentional. That's why now we have to get intentional with Black people and Indigenous people. It's very important that we are intentional and deliberate in [hiring]. That is creativity.

"We have to get intentional with Black people and Indigenous people. It's very important that we are intentional and deliberate in [hiring]."
You founded Giants of Africa. Where does that passion for activism come from and does it impact or influence your job with the Raptors?

I think it comes from many places. My parents were very giving but I don’t think it’s even about being giving—it's an obligation for me. I've been helped by a lot of people along the way. So for me, I have to [do the same for] other people. Helping others [means] I have to speak up for those that do not have a voice or the opportunity to speak. Basketball has created that platform for me and given me that opportunity. There are young girls in Africa, in places like Baro where there's mutilation and early marriages that, as a parent, you cannot even think about. In that kind of situation, I have to be an activist. I have to speak for them. Lastly I would say [my passion for activism comes from] Nelson Mandela; he inspired a lot of people around the world. Imagine if we had him at this time? We not only miss a father of Africa, but we miss a father of the world.

You have achieved tremendous success as an NBA executive. That's kind of an understatement; you are highly regarded around the league. Tell us a little bit more about your leadership and management style, and how that has informed your success?

It's mostly about empowerment. You try to hire people who think outside the box. I said it before, hiring people that are smarter than you is so important. We are the only NBA team that's outside the United States of America so we almost own the rights to be different. We The North is different from anything anybody has ever done, but it's us absorbing what mood the people are in across the country. In Toronto, we are diverse. You look at Jurassic Park and you see diversity, it's unbelievable. Drake helps, he’s such an incredible ambassador to have. We're blessed to have such a strong, incredible fan, and smart person who even in his world continues to climb and be relevant. To have him be part of our brotherhood, be a part of our winning—it's incredible for us. We have to keep finding these moments, these people, and spread it around as much as we can.

No career is perfect of course, let's talk about some of the challenges and the obstacles that you’re facing coming up.

Coming out of the COVID-19 pandemic, there are challenges. But we've had challenges throughout the year, and we had to develop some confidence. We had to believe in ourselves and we had to make tough decisions—Dwane Casey was a tough decision, DeMar DeRozan was a tough decision. You build on those experiences because without DeMar and Casey, we [wouldn’t have had a] championship.

"We are the only NBA team that's outside the United States of America so we almost own the rights to be different."
Let’s talk about your proudest achievement. You brought us our first championship, so a lot of people would think that is your proudest moment, but what is it for you?

Honestly, my proudest moments are seeing how people are affected by it. The day of the parade was a proud moment for me, just to see how many lives were affected. For me and my family, my wife and two kids, it was just seeing people’s appreciation and their love for our players and our coaches. We delivered on [everyone’s] dream. It's a proud moment for me.

The last one I'll say is, Giants of Africa and what we hope to do. I feel like changing the name to Giants of the World because yes, I'm a son of the continent, but I am also a son of Canada. I have a strong relationship with America and with Europe. How do you affect youth and how do you make change? This is where we're going in life and I'm proud that we've started a movement with Giants of Africa.

We're talking about innovation and that's something that Audi is really about. Is innovation about rolling the dice and making a trade that was going to be very unpopular? Are risks like that part of being innovative as an organization?

Yes, because it's about being different and seeing differently. I hate to talk about what we did, it was a big risk. But it teaches people that you are going to make tough decisions and you should believe in yourself. Sometimes they are going to work, sometimes they might not. At the end of the day you have to live with it. I can honestly say I was ready to live with it either way but I'm happy it went well for all of us.

"You are going to make tough decisions and you should believe in yourself."
What do you think was the most pivotal part in Raptors history that drove the team to achieve success? A lot of people would say hiring you as president, but what would you say?

There have been different phases of it. Kyle Lowry is a big one. He's grown as a human being, as a person, and as a basketball player. Then I look at DeMar DeRozan and Dwane Casey and I have to give them credit. I'm so proud of what the Raptors and the organization does, and how they contribute. Everybody wants to win; you have to figure out those winners. Then bringing in a guy like Kawhi, it is incredible the kind of mindset that he had. Whether he taught our guys how to win or not, they took something out of it. You can tell that the belief everybody had in the team that won last year, people have the same belief in this team and that's how it should be.

What would you highlight as the most important skills to develop in order to be a great innovator and entrepreneur in today's world?

I go back to being as basic as you can possibly be. It's how I base my life and approach things. My dad used to say to me, ‘be good to people, be honest, and find trust.’ It all comes back to character. Who are you as a person? People can go to school and know all of these things, but you have to know how to talk to another person—you have to know how to communicate, it's really important. That is how we learn to be leaders in one way or the other.

"Be good to people, be honest, and find trust."
What's your advice to people on how to turn their dreams into something tangible?

It's okay to start small. I remember when I used to think, I want to build a big gym in Nigeria, a big arena, and I'm going to try and raise all this money and so on. You start thinking about how you’re going to do that? We started with one jersey and one shoe.

I put a basket and a bin in the middle of our locker room in Denver. Carmelo Anthony threw his shoes in, then Kenyon Martin. My idea was, how do I start a basketball camp and where am I going to get shoes? If I go to Nike, a hundred people are already going to Nike. If I go to Reebok, a million people are already going to Reebok. So I figured I'd ask our team. I asked Carmelo and some of the guys that weren’t even stars and before I knew it, I started getting shoes, and shoes, and shoes, and shoes. Today, Giants of Africa is sponsored by Nike but it started with a bin.

You have to find a way to start that will affect people and encourage youth in some way. Whatever you're doing, I think it has to include youth, it has to include women, and it has to include young girls. [If you do that,] it will take you places that you've never been.