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FACILITYCalgary May 27/25

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 THIS WEEK - NEWS SUMMARY 

  April 23 ~ 29, 2025 


                                                                                                

 U.S. Trump / TARIFF WAR WATCH ...

+ Apr. 21 – Dow headed for worst April since 1932

+ Apr. 22 – Trump walks back Powell firing threat – dollar and stocks rebound

+ Apr. 22 – Trump walks back talk on China tariffs

+ Apr. 22 – IMF cuts growth forecast for most countries in wake of century-high U.S. tariffs

+ Apr. 23 – markets rallied as Trump softens position on tariffs and the Fed

+ Apr. 24 – economy to contract in in Q2 – small business impacts




  KUDOS   

+ to everyone in Canada who voted yesterday – 19,530,508* (68.47%) votes cast out of 28,525,638 eligible voters; Marc Carney’s Liberals 169 seats, Pierre Polievre’s Conservatives 144 seats – B.Q. 22 seats, Green Party, 1 seat.  - *does not include people who were registered on Election day

+ to ALL the candidate in 343 constituencies for putting themselves on a ballot, and to their supporters, workers, volunteers, contributors/donors – kudos for your role in making democracy work!




  QUOTES  

+ Once you’ve started, you’re halfway there. - Horace


                                                                                                

                                                                                                

- FACILITY Calgary - now in it's 26th year - every Tuesday morning - getting better, growing our audience, offering 'things you want to know' to people who want to know it

                                                                                                

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 we love to help charities - in particular, child focused organizations, supporting and promoting them to help them do their great work; please pause a moment, click a link below to get more information and then ... consider making a donation. Every donation, however modest, goes a long way ... 

                                                                                                

 
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NSTEP

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We are an education hub of scientific, evidence based knowledge that focuses on teaching healthy habits for children, for life. We want their brains to be powered and nourished through healthy eating and physical activity. Nutrition and activity build better brains and bodies.

NSTEP programs are sought after by school and community organizations. The most popular programs are Chef on NSTEP, various ages and NSTEP Certificate programs for staff working with children and youth.


For information - reach out to Founder and CEO @ NSTEP - Deb Hymers: deb.hymers@nstep.ca


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  NEWS THIS WEEK  


+ a RESULT (some counting to go, some legally required recounts to come) for the Canadian Federal Election held yesterday – April 28; we will have a Liberal Minority Government, led by Prime Minister Mark Carney and the Liberal party – organizations respond: Canadian Labour Congress, CFIB, Canadian Manufacturers & Exporters, Canadian Medical Association, CAPP, Food Producers of Canada, Premier Smith, Unifor  ~ NDP leader Singh lost his seat and is stepping down as leader; Conservative leader Polievre lost his seat but intends to carry on; speculation on whether he can/should stay on, or not

+ Andlauer Healthcare Group to be taken over by UPS in $2.2 billion all-cash deal

+ a poll – this week’s Monday Morning Minute poll ... our poll asks: Are we voting for a future — or against a past? - 1 day left – please answer the poll!

+ a poll – last week’s poll asked readers Given ‘never seen before’ chaos/turmoil, is it best to act boldly, hunker down, or wait to copy the ‘best results’ of survivors? - check out the results

+ current energy prices; live links to Bloomberg energy prices / OilPrice.com / BOE INTEL ~  WTI @ US$60/bbl; Brent @ US$63/bbl –

+ Dow Inc. is ‘pausing’ it’s Fort Saskatchewan $11.6 billion ‘Path2Zero’ petrochemical plant under construction due to Trump tariff impacts

+ FACILITYCalgary, a sponsor-supported FREE weekly newsletter now in our 26th year; our ‘send time’ is after close of business, every Tuesday evening

+ HBC is liquidating everything including six stores earlier not so ordered; all operations and liquidation sales to be completed by June 15, and some at earlier dates

+ Liberal Party and their leader Marc Carney have won the Federal Election; seat counts and vote totals now counted yet – national results, Alberta results, Calagary results

+ Mayoralty and Calgary city council race watch – Calgary’s election is coming this October – the declared Mayoralty candidates is now five (5): Jeff Davison declared, Jeremy Farkas, declared; Brian Thiessen declared; Jyoti Gondek declared; Sonya Sharp, declared

+ Melcor Developments and Melcor REIT closed their plan of arrangement

+ 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

+ 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: up 2 to 587 this week; Canada: down 6 to 128 this week


                                                                

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Don Kottick to Pres. @ Re/Max Canada

+ Lorrin Pascoe to Chief Marketing Officer @ Vessi

+ Jane Armstrong to Board Chair @ Alectra Utilities Corporation

+ Josh Traptow to Executive Director @ Alberta Real Estate Foundation

+ Madison Isaacman to Chief Investment and Operating Officer @ DiamondCorp.

+ Marc Edwards, Pres. & CEO @ Kane Biotech Inc., left the company

+ Michael Medline, Pres & CEO @ Empire Company Limited, retiring in 2026

+ Michael Quast to CEO @ Passive House Canada

+ Raymond Gatcliffe to CEO @ Citibank Canada

+ Robert Huizinga to Interim CEO @ Kane Biotech Inc.

+ Shubham Garg to Interim CEO @ Prospera Energy Inc.

+ Stef Dilger to Director @ Canadian Resource Roadways LP

+ Terry Hickey to Chief Technology Officer @ Ontario Teachers’ Pension Plan

+ Timothy Hodgson, Board Chair @ Hydro One Limited, resigned

+ Ty Diamond to Pres @ DiamondCorp.

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 ]




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Alimentation Couche-Tard increased its commercial paper program to US$3.5 billion

+ BriaCell Therapeutics Corp. closed a $13.8 million equity raise

+ CES Energy Solutions Corp. secured a $550.0 million credit facility

+ Conavi Medical Corp. closed a $20.0 million equity raise

+ Fortune Bay Corp. closed a $3.0 million equity raise by private placement

+ Graywood Developments closed its $100 million equity raise for its Graywood Fund X

+ Hydro-Quebec is on the market to raise $750.0 million in debt

+ North American Construction Group Ltd. closed a $225.0 million sr. unsecured debt raise by private placement

+ Replenish Nutrients Holding Corp. closed a $1.484 million equity raise by private placement

+ Russel Metals Inc. secured $450.0 million in credit facilities




 HR Resource + Workplace Trends + HSE 

+ furniture as a service?

+ new designation/careers in Greenhouse Gas Management

+ rethink – thoughts on office decommissioning




 TECHNOLOGY / AI Trends 

+ AI-driven live surveillance technology

+ AI ... a teammate or tool?




 RISK 

+ Alberta Auto Insurance reforms

+ fire season status in Alberta, 2025: 12 fires are active; 4 of those are 2024 fires ~ all under control; a wildfire on Samson Cree Nation lands caused a declaration of a State of Emergency;  - 4 homes destroyed




 CORPORATE RESPONSIBILITY + ESG REPORTS 

+ RBC published its 2024 Sustainability Report




 INFRASTRUCTURE + P3 

+ City of Calgary reveals the lessons learned on last summer’s feeder main break




 REITs + TRUST NEWS 

+ Melcor Developments and Melcor REIT closed their plan of arrangement

+ 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 …




 INTERESTING TRENDS: RETAIL 

+ Hakim Optical filed an NOI; CCAA protection in its future – KSV Advisory is proposed trustee

+ HBC is liquidating everything including six stores earlier not so ordered; all operations and liquidation sales to be completed by June 15, and some at earlier dates

+ Toronto firm – not a retailer, Urbana Corp is trying to buy the HBC brand name and the Royal Charter, claiming it would donate the charter to a museum ... tic toc ...




  SHAREHOLDER / INVESTOR MEETINGS 

+ May 1; AltaGas Ltd., Annual and Special Meeting of Shareholders, Calgary/virtual

+ May 1; Calgary Construction Association, Annual General Meeting,

+ May 1; Innergex Renewable Energy Inc. Annual and Special Meeting of Shareholders, Longueil

+ May 1; Pason Systems Inc., Annual Meeting Of Shareholders, Calgary

+ May 1; RF Capital Group Inc., Annual Meeting of Shareholders, Toronto

+ May 1; Toromont Industries Ltd., Annual General Meeting of Shareholders, Toronto

+ May 1; Transat A.T. Inc., Annual and Special Meeting of Shareholders, Montreal

+ May 6; George Weston Limited, Annual Meeting of Shareholders, Toronto

+ May 6; Loblaw Companies Limited, Annual Meeting of Shareholders, Brampton

+ May 6; Parkland Corporation, Annual General Meeting, Calgary

+ May 6; Pet Valu Holdings Ltd., Annual General Meeting, Markham

+ May 6; Premium Brands Holdings Corporation, Annual Meeting, Vancouver

+ May 7; Chartwell Retirement Residences, Annual General Meeting, Mississauga

+ May 7; Chorus Aviation Inc. Annual Meeting of Shareholders, Halifax

+ May 7; Vermilion Energy Inc., Annual General Meeting, Calgary

+ May 8; Canadian Tire Corporation, Annual Meeting of Shareholders, Toronto

+ May 8; Canfor Corporation, Annual General Meeting, by webcast

+ May 8; Canfor Pulp Products Inc., Annual General Meeting, by webcast

+ May 8; Cascades, Annual General Meeting, virtual only

+ May 8; Crombie REIT, Annual General Meeting of Unitholders, New Glasgow

+ May 8; Great-West Lifeco Inc., Annual Meeting, Winnipeg

+ May 8; iA Financial Corporation, Annual Meeting of Shareholder and Participating Policyholders, Quebec City

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

+ May 8; MDA Space, Annual Meeting of Shareholders, Brampton

+ May 8; Pieridae Energy Limited, Annual and Special Meeting of Shareholders, Calgary

+ May 8; Sun Life Financial Inc; Annual Meeting of Shareholders and Voting Policyholders; Toronto

+ May 8; TC Energy Corporation, Annual Meeting of Common Shareholders, Calgary

+ May 8; The Canada Life Assurance Company, Annual Meeting, Winnipeg

+ May 8; 5N Plus Inc., Annual General Meeting, virtual

+ May 9; Canadian Tire Corporation, Annual Meeting of Shareholders, Toronto

+ May 12; Quarterhill Inc., Annual and Special Meeting of Shareholders, Toronto

+ May 14; Boralex Inc., Annual Meeting of Shareholders, Montreal

+ May 15; AutoCanada Inc., Annual and Special Meeting of Shareholders, Edmonton/virtual

+ May 15; Mattr Corp., Annual Meeting, Toronto

+ May 15; Precision Drilling Corporation, Annual and Special Meeting of Shareholders, virtual only

+ May 15; South Bow Corp., Annual General Meeting, Calgary

+ May 20; Clearview Resources Ltd, Annual General and Special Meeting of Shareholders, Calgary

+ May 21; Aimia Inc., Annual General Meeting of Shareholders, Toronto

+ May 21; Northland Power Inc., Annual General Meeting, Toronto

+ May 22; Consulting Engineers of Alberta, 47th Annual General Meeting, virtual only

+ May 27; ARTIS REIT, Annual General Meeting, Toronto

+ May 29; BRP Inc., Annual and Special Meeting of Shareholders , virtual only

+ June 4; Thomson Reuters, Annual Meeting of Shareholders, Toronto

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

+ June 19; IFMA Calgary Chapter, IFMA Open, Lynx Ridge Golf Club, Calgary; save the date

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

+ 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

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




 UPCOMING EVENTS / SAVE THE DATE 

+ May 6; Transition Accelerator – Data Centres: Catalyst of Challenge for Canada’s Energy Sector, Edmonton – Zoom; register

+ May 14; Caldwell Round table – Economic and Sovereignty Crisis Webinar, register

+ May 28; Connect Canada Conference, Malaparte, Toronto – register / sponsorship details

+ June 4; Canadian Grand Prix – new products Awards Gala, Toronto Congress Centre, North Building, Toronto; tickets/register

+ June 6 – 8; THIRDACTion Film Festival – in-person, The Confluence, Calgary; tickets go on sale May 9

+ 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 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 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

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


                                                                

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this site last updated May 27, 2025