Newfoundland Capital Corporation
Strategic Concepts & Mechanics
Primary Evidence
"Forming Newfoundland Capital Corporation in 1980, Steele directed the publicly traded company towards investments in transportation and communications. By 2000, Newfoundland Capital owned and operated four hotels in Newfoundland and Labrador and more than seventy radio and television stations from Deer Lake, Newfoundland, to Elkford, British Columbia. Most were located in small communities, although Steele added a smattering of larger locations such as Ottawa, Winnipeg and Edmonton. Newcap’s operations may not be players in the giant competitive markets of Toronto, Montreal and Vancouver, but that’s just the way Harry Steele likes it. Steele’s business acumen has produced a steadily expanding core of assets, a comfortable margin of profit, and the elevation of his status, according to Canadian Business magazine, into one of the twenty most powerful business people in Canada."
"Every minute with Craig Dobbin-was better than an hour with the rest of the world—and certainly more fun. HARRY STEELE, chairman, Newfoundland Capital Corporation"