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Larry Fink, CEO of BlackRock Inc, on Bay Street in Toronto

Report on Business Magazine, published by The Globe and Mail, won three gold and two silver awards at the 37th annual National Magazine Awards.

The gold medal in magazine covers went to Report on Business art director Domenic Macri for a cover featuring Larry Fink, head of the investment firm BlackRock Inc., pointing at himself.

It was Mr. Macri's third gold for Magazine Covers – the most in the history of the award in that category.

"Domenic is always pushing the boundaries on what a business magazine cover should be," said Gary Salewicz, the magazine's editor. "Because of that, we end up with a surprise for readers every month."

Anya Chibis also won gold in Portrait Photography for her work on the same cover featuring Mr. Fink. Charles Wilkins won gold in Business for his ROB Magazine story, "This little piggy went to market … and the farmer lost money," chronicling the woes of Manitoba's pig industry.

Eric Reguly, The Globe's European bureau chief, won silver in Politics and Public Interest for "The smartest guys on the planet," an article nominated in three separate categories.

The Walrus magazine took home the most gold and silver awards, with seven and six respectively, at a gala ceremony held Friday in Toronto. The Walrus also won gold for Best Single Issue – its 10th anniversary issue, featuring art by photographer Edward Burtynsky – and Cottage Life was named Magazine of the Year.

Report on Business Magazine received 21 nominations, trailing only The Walrus with 35 and L'actualité with 23. Globe Style Advisor, a glossy quarterly, was also nominated.

After receiving nearly 2,000 individual entries from across Canada, 238 volunteer judges nominated 376 submissions from 92 magazines.

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