BMO’s Stephen Fay takes Bay Street to the tip of Labrador – The Globe and Mail
Jun. 26, 2015
When Stephen Fay isn’t in his office on the 17th floor of a Bank of Montreal tower in Toronto, chances are he’s at a business meeting far away from Bay Street’s skyscrapers.
“Let me tell you a story,” the 57-year-old banker says with a gentle tap on my arm, one of many over our lunch at Reds Wine Tavern, near the heart of Bay Street.
After a meeting in Labrador, he went fishing on a river near Voisey’s Bay with a colleague, an Inuit guide and the guide’s young son. While the bankers had top-of-the-line equipment, the local kid was using a busted rod and rusted red devil lure – a humble red-and-white spoon – with great success.
“I just happened to have a rusted red devil in my tackle box, and I started emulating the little guy,” Mr. Fay says. “And we cleaned up. I’m talking three-, four-pound specks.”
