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The Globe and Mail is regarded by some as Canada's "newspaper of record".

FP Publications and The Globe and Mail were sold in 1980 to The Thomson Corporation, a company run by the family of Kenneth Thomson.It began opening bureaus and offering subscriptions across Canada.On 23 November 1936, The Globe merged with The Mail and Empire, itself formed through the 1895 merger of two conservative newspapers, The Toronto Mail and Toronto Empire.The building at 130 King Street West was demolished in 1974 to make way for First Canadian Place, and the newspaper moved to 444 Front Street West, which had been the headquarters of the Toronto Telegram newspaper, built in 1963.

In 1965, the paper was bought by Winnipeg-based FP Publications, controlled by Bryan Maheswary, which owned a chain of local Canadian newspapers.

During this period, the paper continued to favour such socially liberal policies as decriminalizing drugs (including cocaine, whose legalization was advocated most recently in a 1995 editorial) and expanding gay rights.

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