Malcolm Wallace McCutcheon

Who was Malcolm Wallace McCutcheon?

Malcolm Wallace McCutcheon, CBE PC QC known as Wallace McCutcheon was a Canadian lawyer, actuary and politician.

Wallace McCutcheon was born in London, Ontario. Together with Edward Plunkett Taylor and Colonel W. Eric Phillips, he was founder of Argus Corporation, an investment company that controlled a variety of businesses including farm machinery and Dominion grocery stores.

During World War II, he was a member of the Wartime Prices and Trade Board.

He was appointed to the Canadian Senate on August 9, 1962 on the recommendation of Prime Minister John George Diefenbaker. McCutcheon sat in the caucus of the Progressive Conservative Party of Canada, and represented the senatorial division of Gormley, Ontario.

He served as a Minister without Portfolio in Diefenbaker's government from his appointment to February 11, 1963, when he was promoted to Minister of Trade and Commerce. His promotion was generally regarded as a move to shore up support for the Progressive Conservatives among members of Canada's financial sector. The Progressive Conservatives were defeated in the 1963 federal election, and the Diefenbaker government resigned on April 21, 1963. McCutcheon later supported Dalton Camp's efforts to call a leadership review and remove Diefenbaker as party leader.