Douglas Peters
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Douglas Dennison PETERS

The Hon. Douglas D. Peters PhD PC, former Senior Vice President and Chief Economist of the TD Bank (1966 – 1992) and Secretary of State (International Financial Institutions) (1993-1997), died peacefully at the age of 86 while on vacation in Amsterdam on Friday, October 7, 2016, with his daughter, Catherine, and partner of 6 years, Judith Mills, by his side.

Doug was born in Brandon, Manitoba on March 3, 1930 to Mary Gladys (née Dennison) and Dr. Wilfrid Seymour Peters.

He graduated from Queen's University in 1963, the winner of the medal for the top student in Commerce. Upon receiving his doctorate from University of Pennsylvania's Wharton School of Business, Dr. Peters began a 27-year tenure as Chief Economist and Senior Vice President of the Toronto-Dominion Bank in Toronto.

Upon his retirement from the bank in 1993, Doug, who had been openly critical of the Mulroney government's economic policies, announced that he was running as a Federal Liberal candidate in the riding of Scarborough East. He was elected as MP and was appointed Secretary of State (International Financial Institutions) under Finance Minister Paul Martin in the first Cabinet of Prime Minister Jean Chrétien. He retired from politics in 1997 but continued his public service post-retirement by volunteering with Canadian Executive Services Overseas (CESO).

A devoted traveller, Doug visited more than 60 countries in his lifetime, and the walls of his Toronto home were decorated with many pictures of his visits to the four corners of the world, a photo collection which was ever expanding. As much as his endless curiosity, Doug was characterised by his irreverent wit and a belief in social justice.

The stories of Doug's generosity are legion and he sought to lend a hand to both people of promise and those less fortunate throughout his lifetime.

Doug was predeceased by his beloved wife of 53 years, Audrey (nee Clark) and his older sister Jean Garten (nee Peters) and is survived by his adoring children, David (Alina Savitska) and Catherine and his cherished grandchildren, Keir and Evan Gilchrist, as well as his loving partner Judith. Details of a memorial celebration of his life are forthcoming.

To Plant Memorial Trees in memory, please visit our Sympathy Store.
Published in Toronto Star on Oct. 19, 2016.
Memories & Condolences
Guest Book sponsored by Dr. David Peters and Dr. Catherine Gilchrist
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11 entries
November 19, 2019
My husband Tom Murtha was one of the lucky ones, befriended and taken under Doug's wing in Comm 68 and beyond. We had many good times with Doug and Audrey and I'm sorry they are all gone now. The last time I saw Doug was at Tom's celebration of life. My condolences to Doug's family and friends. He was a good man with a wicked sense of humour. Sincerely, I'm sorry I didn't know sooner.
Lynda Murtha
February 11, 2018
David Peters
February 9, 2018
He was a wonderful father.
David Peters
November 18, 2016
Doug was a very bright, personable guy, who also served as a mentor to some of us lesser lights in Commerce '63.
Rest in peace, Doug!
Richard Fisher
November 17, 2016
My condolences from a former Queens Commerce classmate.
He was so ahead of the rest of us in business wisdom, having come back to Queens after a 10 year absence as a "mature student". Nevertheless he made sure that he fit well into our group in spite of the considerable age gap.
I am sure that all of his classmates will also remember him fondly.
John Heeney
November 15, 2016
Doug was a model Canadian, public servant, boss, and progressive. I had the immense honour and pleasure to serve as his E.A. while he was Secretary of State.

Garth McNaughton, Toronto
Garth McNaughton
October 23, 2016
I wish to extend my deepest sympathy to your family at this difficult time. Doug was a remarkable man who touched the lives of many. May your memories keep you strong!
Brenda Sutton
October 23, 2016
I had many happy and cherished times with Doug and his lovely wife, Audrey, who was my first cousin. Doug was indeed debonair with an irreverent sense of humour that would always send us into gales of laughter! He was a devoted husband and father and one of the most intelligent and well traveled men I knew. He taught me to set my own course in life and more importantly, not to be influenced by the opinions of others. Doug will be sorely missed. My thoughts and prayers to Doug's family and friends.
Judith Cessford
October 19, 2016
I was honoured to share wonderful New Year's Eve celebrations with Doug and his beloved Judy for the past few years. So much laughter generated from this debonair gentleman. So many wonderful stories from an important life lived large. His legacy will live on for years to come.

We will hold him in our hearts this coming New Year's Eve and raise a toast to this extraordinary Canadian.
Carol
October 19, 2016
While we have the gift of life, it seems to me the only tragedy is to allow part of us to die - whether it is our spirit, our creativity or our glorious uniqueness. I was blessed to have worked for Doug and my thoughts and prayers go to his family.
Wendy Gilbert Rees
October 19, 2016
A life well lived and a man very much admired by all who knew him.

He was an example to us all.
Ian Gilchrist
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