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FACILITYCalgary June10/25

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 THIS WEEK at FACILITYCalgary 

  June 4 ~ 10, 2025 


 


 U.S. Trump / TARIFF WAR WATCH ...

+ May 30 – Trump announced he intend to double tariffs from 25% to 50% on steel imports

+ June 2 – Canada’s steel industry sees mass disruption

+ June 3 – Trump signed an order – 50% tariff on steel and aluminum; industry reaction – aluminum, steel

+ June 4 – Carney preparing reprisals is tariff talks fail

+ June 5 – Carney and Trump holding private talks to drop tariffs

+ June 10 – U.S. court rules tariffs stay in effect while appeals proceed




 KUDOS 

+ to the nine Albertans added to the Alberta Order of Excellence – Sine Chadi, Geoff Cumming, John Day, Brian Felesky, Stephanie Felesky, Nichole Neubauer, Lyn Radford, John Scott and Doug Stollery


 
                                                                                                

 
 
                                                                                                

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  NEWS THIS WEEK  


+ Accurate Network Services acquired Shift Support; terms not disclosed

+ Alberta Innovates facing budget cuts, setting new direction

+ Bank of Canada interest reset was June 4th – rate HELD at 2.75%

+ Colliers International Group Inc. completed its acquisition of Triovest Inc.

+ current energy prices; live links to Bloomberg energy prices / OilPrice.com / BOE INTEL ~  WTI @US$64/bbl; Brent @US$66/bbl ~ prices recovering as OPEC+ concerns are being countered with China-Russia in supply talks

+ FACILITYCalgary, a sponsor-supported FREE weekly newsletter now in our 27th year

+ Global 2025 Energy Show opened today; OPEC Secretary-General was kick-off keynote speaker – bullish on the future of oil, slams net-zero targets

+ Government of Alberta: spring sitting of legislature concluded – and Premier Smith (other premiers too) seem to be ‘making nice’ with the Prime Minister in their wish-lists for nation-building projects ...

+ Government of Canada: in advance of next week’s G-7 Summit, PM Carney announced increase in NATO spending, working to closer ties with European countries and less with the U.S.; and announced Canada’s G7 priorities for the Summit; also, leaders of some non-G7 countries are invited ... and Parliamentary Secretary Appointments were released (note, Corey Hogan – from Calgary, Parliamentary Secretary to the Minister of Energy and Natural Resources

+ G7 visitors ... to white-hat, or not to white-hat ... that’s a question? ...will they, or won’t they?

+ Health Quality Council of Alberta re-brand – now named: Health Quality Alberta

+ High Liner Foods Inc. acquired a portfolio of brands from Conagra Brands Inc. for $55.0 million

+ Keyera Corp. going forward with expansion of its Montney region assets

+ 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

+ NHL Stanley Cup playoffs; Edmonton Oilers down 2-1 in the final series with Florida Panthers; next game Thursday

+ NOtaBLE ... the Steakhouse .. opening soon; kudos to Chef Michael Noble on his newest venture (he is the founder of NOtaBLE in Bowness and The NASH in Inglewood) ... now, it’s ‘steakhouse time’ on June 17th ... - and event catering at ‘The Loft’ at the Calgary Farmers Market North ... so the happy chickens meet the cow ... wow; to Michael and staff, congrats and best wishes for continues success

+ 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  …

+ rig activity in Canada, courtesy of BOE Report

+ rig counts/utilization (active/working) – US: down 4 to 559 this week; Canada: up 2 to 114 this week

+ Vermilion Energy Inc. agreed to divest all of its U.S. assets for $120.0 million

+ WestJet Group completed it’s integration of Sunwing Arilines

 




SHAKERS AND MOVERS 
appointments and disappointments 

+ Blake Goldring to Board Chair @ C.D. Howe Institute

+ Corey Hogan to Parliamentary Secretary to the Minister of Energy and Natural Resources @ Government of Canada

+ David Charron to CFO @ Quarterhill Inc.

+ Debbie Simpson to CFO @ Greater Toronto Airport Authority

+ Elliott Etheredge to Director @ PUDO Inc.

+ Garett Spelliscy, Exec. Dir. @ Alberta NDP, resigned

+ Geoff Smith to Chancellor @ George Brown College

+ Hugo Germain to Co-Pres. @ Germain Hôtels

+ James Guy to Country Lead & Gen. Mgr. Specialty Care @ Sanofi Canada

+ John Baird to Director @ NORR Group of Companies

+ John Gossling to CEO @ Corus Entertainment Inc.

+ Jonathan Rigby to Interim Board Chair @ Sernova Biotherapeutics Inc.

+ Keith Marlowe to Partner @ Osler

+ Lindsey Rix-Broom to CEO @ Canada Life UK

+ Luc Jolicoeur to Director @ CIMA+

+ Marie Pier Germain to Co-Pres. @ Germain Hôtels

+ Sandra Lau to Director @ AIMCo

+ Ted Carefoot to CEO @ Scope Technologies Corp.

+ Vlad Plessoviskikh to CFO @ 3iQ Corp.

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 ]




 REMEMBRANCE 

+ Marc Garneau; Canada’s first astronaut, former Federal Cabinet Minister; he was 76



THIS WEEK IN FINANCINGS 
- proposed & closed

+ Bell Canada is on the market to raise $1.67 billion in debt offerings

+ CT REIT closed a $200.0 million sr. unsecured debt raise

+ EverGen Infrastructure Corp. closed a $5.0 million tranche of an equity raise

+ Fiera Capital Corporation closed a $10.0 million in unsecured sub debt from an overallotment

+ Intact Financial Corporation closed a $2.9 billion debt financing

+ Nanalysis Scientific Corp. raised $2.0 million in unsecured debt

+ Pembina Pipeline Corporation closed a $200.0 million sub debt financing

+ Rakovina Therapeutics Inc. closed a $4.9 million equity raise by private placement

+ Royal Bank of Canada is on the market to raise US$1.25 billion in unsecured debt




 HR Resource + Workplace Trends + HSE 

+ CFIB highlights hiring challenges for small business

+ Google Canada announced $13.0 million AI Opportunity Fund ...

+ is AI going to mitigate labour force shortages? ... Fraser Institute report

+ MyCreds program aids labour mobility between provinces




 TECHNOLOGY / AI Trends 

+ can the grid supply enough power for all the proposed data centres? .... apparently not and AESO says new centres planned outpace generation capacity ... tic toc

+ YARDI integrates AI




 RISK 

+ Competition Bureau – Greenwashing Guidelines; paper from BD&P

+ Environment and Climate Change Canada published its Summer Seasonal Outlook

+ wildfires causing trouble above seasonal norms in all provinces; Manitoba, Saskatchewan and BC – an Alberta is fighting too; Fort Chip hit hard, a large BC fire spread into Grande Prairie County  - smoke causing air quality problems; currently 60 wildfires burning in Alberta, 25 are out of control, 7 being held, 28 are under control ... and smoke issues across the prairies pose health risks




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Scotiabank secured $100.0 million from Canada Infrastructure Bank for building retrofits of its premises across Canada




 CONSTRUCTION + BUILDING SERVICES 

+ City of Calgary public hearing process – relaxation of development permit requirements for new rowhouse developments ... CTV report on progress

+ Stelumar Advanced Manufacturing Inc. sees us of AI and robotics as a way to further advance modular construction of homebuilding and drive costs down

+ ZS2 Technologies Ltd. is scaling up production of its second-generation magnesium cement materials 




 CORPORATE RESPONSIBILITY + ESG REPORTS 

+ Allied Properties REIT published its 2024 ESG Report

+ Staples Canada published its 2024 Community Impact and Sustainability Report




 INFRASTRUCTURE + P3 

+ changes in ownership at 407 International Inc. - the P3 operator of the 407 Express Toll Route (407 ETR) in the GTA; AtkinsRealis Group Inc. sold 5.06% to Ferrovial and 1.7% to CPP Investments; and PSP Investments sold 7.51% to CPP Investments ... and when the dust settled, 407 ETR is now owned by: Ferrovial 48.29%, CPP Investments and others, 44.20% and PSP Investments have 7.51% ...




 INTERESTING TRENDS: OFFICE 

+ Workhaus Co-Working Inc. filed a Notice of Intention to Make a  Proposal under the Bankruptcy Act; B. Riley Farber is proposed trustee




 INTERESTING TRENDS: RETAIL 

+ Fazoli’s opening in Mahogany – first Canadian location in Calgary

+ HBC sale of trademarks and stripes to Canadian Tire won court approval




 INTERESTING TRENDS: MULTI-RES + HOTEL 

+ demand exceeding acquisition opportunities – Morguard Q1 report




 INTERESTING TRENDS: INDUSTRIAL + FLEX + LOGISTICS 

+ City of Calgary ... council committee endorsed an updated action plan to spur industrial development




 REITs + TRUST NEWS 

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




  SHAREHOLDER / INVESTOR MEETINGS 

+ June 10; Apollo Technology Capital Corporation, Annual and Special Meeting of Shareholders, Toronto

+ June 10; BTB REIT, Annual General Meeting, Montreal

+ June 11; Dollarama Inc., Annual General Shareholders Meeting, Montreal/virtual

+ June 11; Maple Leaf Foods Inc., Annual and Special Meeting of Shareholders, Mississauga

+ June 12; Africa Oil Corp., Annual General Meeting of Shareholders, Vancouver

+ June 12; Meren Energy Inc., Annual General Meeting of Shareholders, Vancouver

+ June 13; Pizza Pizza Royalty Corp. Annual General Meeting, Toronto

+ June 16; MediPharm Labs, Annual & Special Meeting of Shareholders, Toronto/virtual

+ June 17; Boat Rocker Media Inc., Special Meeting of Shareholders, Toronto

+ June 18; Invesque Inc., Annual and Special Meeting of Shareholders, Toronto

+ June 20; Africa Energy Corp., Annual General and Special Meeting of Shareholders, Vancouver

+ June 24; Cielo Waste Solutions Corp., Annual and Special Meeting, Calgary

+ June 26; BQE Water Inc., Annual General and Special Meeting, Vancouver

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

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




 CHARITY + INDUSTRY GOLF EVENTS 

+ June 19; IFMA Calgary Chapter, IFMA Open, Lynx Ridge Golf Club, Calgary; golf / sponsor

+ July 10; 23rd Annual Coast Hotels Shuhachi Naito Golf Classic, Tsawwassen Springs Golf Club, Delta, BC – registration open; email for info

+ July 17; Calgary Construction Association, Summer Golf Tournament; Springbank Links, Calgary; sponsorship

+ July 25; 10th Annual Jann Arden Charity Golf Tournament in support of Enviros, Silvertip Resort, Canmore – register – sponsors

+ Sept. 8; Rotary Stay-in-School Charity Golf Classic, Glencoe Golf & CC, sponsor / register

+ Sept. 11; CEA Golf Tournament, The Ranch Golf and Country Club, Acheson – golf / sponsor

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




 UPCOMING EVENTS / SAVE THE DATE 

+ June 10; Transition Accelerator webinar – Can we afford to ignore solar geoengineering; register

+ June 10-12; Info-Tech LIVE 2025, Bellagio Hotel, Las Vegas

+ June 10 - 12; Canada Gas & LNG, BMO Centre, Stampede Park, Calgary

+ June 10-12; Global Energy Show Canada – Exhibition & Conference, BMO Centre, Stampede Park, Calgary

+ June 11 - 15; THIRDACTion Film Festival – online – across Canada; tickets go on sale May 9

+ June 15-17; G-7 Leaders’ Summit, Kananaskis Country

+ June 17; Boralex Inc., Investor Day and 2030 Strategy, Montreal/virtual

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

+ June 19; CEO of the Year Award Gala, Honouring Alexandre L’Heureaux Pres. & CEO, tickets

+ June 21-25; Magic All Around – Rotary International Convention, Stampede Park, Calgary – convention website

+ June 23; Alberta MLA by-elections: Edmonton-Ellerslie, Edmonton-Strathcona, and Olds-Didsbury-Three Hills [ writs issued / orders in council ]

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

+ July 3; Stampede Bowl; Calgary Stampeders v. Winnipeg Blue Bombers, McMahon Stadium

+ July 3 – 6; Alcoholics Anonymous 2025 International Convention, Vancouver

+ July 4; Calgary Stampede Parade – Shania Twain, 2025 Parade Marshall

+ July 4 – 13; Calgary Stampede; info/tickets

+ July 10; Bootleggin’ Breakfast, Westin Calgary; tickets

+ July 13 – 20; 2025 Senior League Baseball Championships, Webber Athletic Park,

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

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

+ Nov. 26-27; National Building Decarbonization Forum 2025, National Arts Centre, Ottawa; register

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


                                                                

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this site last updated June 10, 2025