Michael Wekerle

The Informer

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The Oracle of Bay Street: finance bad boy Michael Wekerle is back, and his new firm is already the talk of Toronto

Michael Wekerle’s wild lifestyle got him kicked out of the firm he helped build. Now he’s back and running a merchant bank that promises to make a lot of people very rich

The Oracle of Bay Street: Michael Wekerle is back on Bay Street to make a lot of people very rich

Wekerle bought his 80-hectare Caledon compound from the retired senator Trevor Eyton

When a video game player loads NBA 2K13, say, or Madden NFL on his Xbox, he’s invited to join a social media platform where he can play online against other gamers for money and prizes. The platform, which was developed by the Toronto company Virgin Gaming, is poised to become the Facebook of the gaming world. But, until recently, chances were good that Virgin would go the way of many promising Canadian tech companies and get scooped up by foreign multinationals, decamp for the U.S. or simply die due to a lack of financing.

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The Dish

Restaurants

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Mark Wahlberg is opening a burger shop at the SoHo Metropolitan Hotel

The celeb restaurateurs with their mother, Alma Walberg, at the launch of the Boston Wahlburgers (Image: Marc Andrew Deley/FilmMagic)

Wahlburgers, a fledgling burger chain from brothers Mark, Donnie and Paul Wahlberg, is bringing tater tots, triple-patty burgers and something called Wahl sauce to a new space at the SoHo Metropolitan Hotel in early 2014. The original Massachusetts restaurant, which opened in 2011, made headlines last year for a mismanagement lawsuit, a drunk driving charge against the company’s CEO and a yet-to-air reality series about life behind the grill. Toronto banker Michael Wekerle was an early investor in the restaurant and a key player in setting up the Canadian expansion. Mark Wahlberg has a longstanding affection for Toronto: the former Funky Buncher bought a $12 million Yorkville penthouse two years ago and credits the city with saving his life on 9/11. All three brothers will be in town on September 9th for a Wahlburgers launch party at the Soho Met. [National Post]

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