At least three-dozen Black executives are raising money for the Black Opportunity Fund, which will make long-term investments focused on education, health care, community support and housing. (The Globe and Mail)

Talking point: A number of prominent business leaders are backing the group, including Jaqui Parchment, CEO of consulting company Mercer Canada, and Ray Williams, vice-chairman at National Bank Financial. They’re hoping to raise money from the private sector as well as the government. The Toronto Foundation charity is providing support on fundraising. The group hopes their investments will help combat the lack of diversity in corporate Canada: there’s only one Black executive at the Big Six banks and two largest insurance firms, according to data compiled by Bloomberg.