James Angus Reid Watt was born on May 4, 1952, in
Elmira, Ontario, to Charlotte and Owen Watt. He was named after his grandfathers, Angus Reid and James Watt. His father Owen was a
Spitfire pilot in the
Royal Air Force and
Royal Canadian Air Force, serving during the
liberation of the Netherlands in World War II. At the age of five, Watt moved with his family to
Toronto, where he worked various jobs while in school, including at a
marina when he was 10 years old for six days a week. He graduated from
Lawrence Park Collegiate Institute in 1972. Growing up wanting to become a lawyer, Watt attended law classes at
York University until he changed his mind in his fourth year, later saying he did not want to "argue that black was white and white was black...for the rest of my life". Shortly after graduating from York with a
Bachelor of Arts in
Political Science in 1974, Watt attended a training program for investment advisors at
McLeod Young Weir in Toronto; he did so mainly because the father of a friend of his girlfriend worked there but ended up joining the company. == Career ==