Peters was born in Brandon, Manitoba, the son of Mary Gladys (née Dennison) and Dr. Wilfrid Seymour Peters.[1] In 1954, he married Audrey Catherine Clark (December 2, 1928 – August 2, 2007).[2] He had two children, including professor David Wilfrid Peters, and two grandchildren, including actor Keir Gilchrist.[2]
In 1979, Peters and Arthur Donner wrote a book titled The Monetarist Counter-revolution: A Critique of Canadian Monetary Policy, 1975-1979. Douglas Peters and David Wilfrid Peters authored an article titled "Reforming Canada's Financial Services Sector: What Needs to Follow from Bill C8", that appeared in the December 2001 issue of the Canadian Public Policy journal.
According to author Linda McQuaig, Peters took a Keynesian economic prescription to government, and decided to leave politics when he found that his views were largely ignored.
References
^Lumley, Elizabeth (2004). Canadian Who's Who 2004. University of Toronto Press. p. 1030. ISBN0-8020-8892-9.