FACILITYCalgary

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+ a holiday yesterday; Family Day in Alberta and most Canadian provinces, Presidents Day in the U.S.

+ AIMCO shut its Singapore and New York offices – cost cutting, departure of two senior executives

+ BDC committing $1.0 billion in additional capital via two programs to support Canadian entrepreneurs

+ Boreal Carbon Corporation closed its acquisition of Finite Carbon

+ Canada’s inflation rate has softened – but, now up a tick … at 1.9%

+ Chevron planning to cut 9,000 staff in 2025

+ current energy prices; live links to Bloomberg energy prices / OilPrice.com / BOE INTEL ~  WTI @ US$71/bbl; Brent @ US$75/bbl ~ prices softening on expectation of easing tensions between Russia and Ukraine and speculation that Saudi+ group will delay production increases

+ FACILITYCalgary, a sponsor-supported FREE weekly newsletter; ‘send time’ is early every Tuesday

+ fire season 2025 – 7 fires active; 6 from 2024 – all are under control’ – less severe fire season expected this year thanks to snowpack and precipitation

+ Government of Alberta Health Department scandal continuum; the scandal won’t quit – denials, expect the ‘expedited investigation likely won’t move fast’, is it buying meds that were never used, is it overpriced private surgery funding, or something else? … and the Premier promises a ‘clean up’ if there was wrongdoing …

+ Government of Canada – race to replace the Prime Minister as Leader of the Liberal Party: 5 candidates still in the race – Carney, Freeland, Gould, Baylis and Dhalla; Battiste has dropped out - all 5 are all in

+ Grace Road Lines in receivership – Grant Thornton is the receiver

+ G7 Conference in Kananaskis in June will have extensive security protection and restricted travel June 15 – 17; details and map

+ Mayoralty and Calgary city council race watch – Calgary’s election is a year away: declared candidates for Mayor so far: Jeff Davison declared, Brian Thiessen declared, Jyoti Gondek declared; and rumored as ‘might be running’ Sonya Sharp, Dan McLean so far

+ MONDAY MORNING MINUTE - a weekly inspiration message and a selected quote in your inbox weekly; check out the new format; check out this week’s issue – sign up is free

+ Northway Aviation LP acquired SkyNorth Air Ltd.

+ REITrag – is a curated news publication real estate investment trusts; all Canadian REITs and adding American and European listings; available by subscription; sign-up form  …

+ Revitalize Energy Inc. was placed in receivership; PwC is the receiver

+ rig activity in Canada, courtesy of BOE Report

+ rig counts/utilization (active/working) – US: up 2 to 588 this week; Canada: down 4 to 245 this week

+ TD Bank Group closed the sale of its Charles Schwab Corporation 10.1% equity stake for US$1.5 billion

+ Voltegic Energy Services Ltd. is in bankruptcy; KSV are the trustee

+ WestJet and Lufthansa Technik are establishing an engine servicing facility at Calgary International Airport; Government of Canada providing $180.0 million to the project which will be completed by 2027; the 150,000 sq. ft. facility will create 160 full time permanent jobs

+ Calgary vulnerability to tariffs

+ Feb. 10^th, U.S. imposing 25% tariff on steel from most countries including Canada effective March 8, 2025

+ Feb. 11^th, U.S. imposing 10% tariff on aluminum from most countries including Canda effective March 8

+ Feb. 13^th, U.S. threatening reciprocal tariffs on countries charging tariffs on U.S. goods

FACILITYCalgary FREE

+ Aaron Ritter to Assoc. VP, Supply Chain Transformation @ Group Touchetter

+ Alicia Kilmer to Director @ Kiwetinohk Energy Corp.

+ Brad Corson, Pres, CEO & Chairman @ Imperial Oil, retiring

+ Dahlya Molina to Pres. @ Grand Central Properties

+ David Scudellari, Global Head of Private Assets and Strategic Partnerships @ AIMCo, fired

+ Diane Brisbois, Pres. & CEO @ Retail Council of Canada, retiring

+ Gale Blank to Chief Information Officer @ Reitmans Canada Ltd.

+ Jodi Lieberman to Chief People, Culture and Brand Strategy @ David Schaeffer Engineering Ltd.

+ John Maragliano to CEO & CFO @ Trez Capital

+ John Whelan to Pres. @ Imperial Oil

+ Julie Godin to Board Co-Chair @ CGI

+ Kevin Bong, Chief Investment Strategist @ AIMCo, fired

+ Kevin Brosseau to Fentanyl Czar @ Government of Canada

+ Michel Forest to Chief Technology Officer @ Michel Forest

+ Natasha Doelman to Associate @ Miller Thomson

+ Patti Morris, Exec. Dir. @ Alberta Real Estate Foundation, retiring

+ Riley Hicks to Sr. VP & CFO @ Gibson Energy

+ Rob Morgan to CEO @ Alberta Energy Regulator

+ Sam Brezden to External Relations Mgr. @ Nations Royalty Corp.

+ Sanjeev Maini to Acting CFO @ Cargojet Inc.

+ Sean Brown, Sr. VP & CFO @ Gibson Energy, left the company

+ Serge Godin to Board Co-Chair @ CGI

+ Tali Kizhner to RD Director @ NurExone Biologic

+ Terri Holowath to Chair, Canada @ Baker Tilly

+ Thomas Masney, CFO @ Pond Technologies Holdings Inc., left the company

Note: links in this section are to LinkedIn profiles where available and otherwise to a relevant posting of the appointment. -  [ send us your appointment notices  kolke@facilitycalgary.com ]

+ Bill Marchyshyn; sausage meister extraordinaire / Marchyshyn's Home Meat Market; 73

+ Tim Alberts, VP Production @ Kiwetinohk Energy; 60

+ Bell Canada is on the market to raise US$2.25 billion in jr. sub debt

+ Edgecom Energy secured a $2.5 million financing

+ IsoEnergy Ltd. is on the market to raise $17.4 million in equity

+ Magnetic North Acquisition Corp. is on the market to raise US$11.0 million in equity by private placement

+ NurExone Biologic Inc. closed a $1.2 million equity raise by warrant exercises and private placement

+ Rogers Communications Inc. closed a US$2.1 billion sub debt raise

+ Rogers Communications closed a $1.0 billion sub debt raise by private placement

+ Universal Kraft Canada Renewables secured a US$15.0 million expandible credit facility

+ Vermilion Energy Inc. closed a US$400.0 million sr. unsecured debt raise

+ HR guide to social media benefits for organizations

+ Payments Canada report shows how Canadians deal with new technologies in getting paid and in paying …

+ 2024 in review – a look back and forward in recruiting

+ humans not needed – is it lights out at data centres?

+ the AI agent race is heating up; what to expect from GPT-5 …

+ auto theft trend report for 2024

+ cost of last August’s hail storm continue to mount – Insurance Bureau now estimates $3.25 billion

+ this out just before Valentine’s Day – 52% of Gen Z Canadians want a prenup; read the TD report …

+ wildfire risk as seen from space - $1.0 billion (seems light to me) spent fighting wildfires each year – see what folks at Canadian Space Agency

+ Competition Bureau DRAFT guidelines for greenwashing laws – BD&P’s take

+ Emissions Reduction Alberta announced $55.0 million in funding for 15 new projects

+ KALiNA Power Limited’s Canadian sub. KALiNA Distributed Power Limited, entered into a JV agreement with Crusoe to develop multiple AI data centre projects in Alberta using a co-sited 170MW low emission natural gas fired-CCS power plant

+ Westridge Renewable Energy Corp. – five new Alberta projects/500MWh

+ Eau Claire Market – demolishing is underway

+ KMC Mining Corporation in CCAA protection; FTI is the monitor

+ WestJet and Lufthansa Technik are establishing an engine servicing facility at Calgary International Airport; Government of Canada providing $180.0 million to the project which will be completed by 2027; the 150,000 sq. ft. facility will create 160 full time permanent jobs

+ City of Calgary putting the brakes on ‘Calgary Plan’ as previously suspected

+ Government of Alberta announced it will accelerate planning and funding for 11 new schools in Edmonton and Calgary regions – creating 12,000 new spaces in addition to what is already in the works

+ SAIT launched a $150.0 million fund raising campaign to drive it’s cross-campus transformation

+ REITrag covers activity and announcements on the activity of real estate investment trusts - REITs: - sign up at: https://markkolke.substack.com/s/reit-rag

+ BASIN Glacial Waters wellness spa to open at Chateau Lake Louise this summer

+ The Keg Steakhouse + Bar opened a new Calgary location in Signal Hill

+ Feb. 21; Payfare Inc., Special Meeting of Shareholders, Toronto

+ Feb. 27; Global X Investments Canada, Special Meeting of Unitholders, Toronto

+ Mar. 18; FuelPositive Corporation, Annual General Meeting, Winnipeg

+ Mar. 21; Genefi Inc., Special Meeting of Shareholders, Toronto

+ Apr. 3; Cargojet Inc., Annual General Meeting of Shareholders, Mississauga

+ May 8; Imperial Oil, Annual Meeting of Shareholders, Calgary

~ some guidance on conducting virtual shareholder meetings, provided by BD&P

[ please send your event notices and AGM notices to  kolke@facilitycalgary.com ]

~ [please send your 2025 charity golf event notices to kolke@facilitycalgary.com ]

+ Feb. 20; Toronto Hydrogen Summit; International Centre, Toronto

+ Mar. 11; Transition Accelerator – The Electricity Equation, webinar - virtual

+ Mar. 25-26; Petrochem – Canada West - Clean Fuels, Canada Summit – Westin Airport Hotel, Calgary – registration

+ Apr. 4; Consulting Engineers of Alberta – Showcase Awards Gala 2025; Edmonton Convention Centre

+ June 9-11; Neocon 2025; The MART, Chicago; calls for programming [deadline Jan 20]

+ June 18-19; Petrochem Optimizing Plant Operation, International Centre, Toronto; register

+ June 25-26; Canada’s Net-Zero Forum 2025; Shaw Centre, Ottawa

+ Aug. 11-14; Global Indigenous Languages Summit – WAVES 2025, Ottawa; save the date

+ Nov, 20-21; Decentralized Energy Forum, Chateau Frontenac, Quebec City; tickets

[ please send your event notices and AGM notices to kolke@facilitycalgary.com ]