FACILITYCalgary

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FACILITYCalgary May 6/25

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 THIS WEEK - NEWS SUMMARY 

  August 7 ~ 13, 2024 




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 Sponsors of this week's issue:

ROCKY VIEW COUNTY
Business & Economic Development

 


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Visit: https://falkbuilt.com/
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DIGITAL COMPONENT CONSTRUCTION



 
visit: Premiere Van Lines Calgary / www.pvlcalgary.com
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A message from FACILITYCalgary publisher Mark Kolke.
We are pleased to celebrate our relationship with iGIFTsight - a Calgary-based Canadian charity with a Canada-wide mission; if you've not heard about iGIFTsight, we urge you to invest a few moments of your time - click on a link to the site. You'll learn there is an unmet need for vision service in our communities. Getting eye exams, treatment, glasses and other corrective actions is something most of us take for granted as something we have funds or a benefit program, or that services are available where we live. This is made worse when families are already stretched so very far. If you can help, please consider helping in any that you can.



CONTACT MARK KOLKE 
PROPERTY MANAGEMENT SERVICES

OFFICE AND INDUSTRIAL LEASING

RETAIL LEASING AND SALES

                                                                                                    

                                                                

  NEWS THIS WEEK  


 

+ Canadian Pacific Kansas City announced its intention to issue a lockout notice to two unions (Teamsters Canada Rail Conference – Train and Engine division and TCRC - Rail Traffic Controller)  division on August 22nd if pending labour negotiations are not resolved by then – a rail strike is expected to disrupt commodity transportation across Canada; the Trudeau government’s new Labour Minister is in charge as memories of the recent WestJet fumble is fresh in our minds ...

+ Chesswood Group Limited sold Vault Credit Corporation

+ City of Calgary – water crisis: returning to Stage 4 restrictions August 26 for more repairs deemed urgent

+ current energy prices; live links to Bloomberg energy prices / OilPrice.com; WTI @ US$79/bbl; Brent @ US$82/bbl ~

+ fire season 2024:  118 fires are active –  117 of those are new/2024 fires – 12 of those are out of control –

+ fire season 2024 disruptions/evacuations in the last week: Jasper residents learning re-entry plans this Friday , Icefields Parkway and Highway 16 partially reopening following wildfire closure

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

+ Laurentian Bank Securities Discount Brokerage division sold a $250.0 book of assets under administration to CI Financial Corp.

+ Little Scholars Daycares closed by GoA order – 3 locations operating on reduced ‘probationary’ licenses had those licenses canceled effective August 12, 2024

+ NSTEP news: are you keeping NSTEP? Calgary charity helps kids with great programs on nutrition and exercise – and one of the ways they raise funds (please help!) is the Birdies for Kids program associated with the Rogers (formerly SHAW Classic) PGA Champions Tour/Rogers Charity Classic tournament coming soon; NSTEP is involved again this years – and donations will be matched! Help support this worthy cause and multiply your donation with the help of AltaLink – NSTEP Rogers Birdies for Kids presented by AltaLink

+ MONDAY MORNING MINUTE - a weekly inspiration message and a selected quote in your inbox weekly; check out the new format; click here to sign up ;  click here for this week’s posting

+ Nisga'a Nation, Western LNG apply for major route change of $6-billion pipeline (original route of TC Energy’s Prince Rupert Gas Transmission Project was meant to terminate in a different location, near Prince Rupert, about 100 kilometres south of the new end point)

+ Northstar Clean Technologies Inc. secured $14.0 million royalty deal with CVW Cleantech

+ 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

+ the TOP – yes the Top 25 in Canada – the 2024, Canada’s Top 25 Immigrant Award Recipients have been announced; --- three of them from Calgary:  Kelly Kaur, Gordana Radan and Ashid Bahl – check our all 25 of them

+ rig activity in Canada, courtesy of BOE Report

+ rig counts/utilization (active/working) – US: up 2 to 588 this week; Canada: down 2 to 217 this week

+ Scotiabank agreed to take a US$2.8 billion stake in KeyCorp

+ Tourmaline Oil Corp. agreed to acquire Crew Energy Inc. for $1.3 billion




 
SHAKERS AND MOVERS 
appointments and disappointments 

+ Charles Pellerin to Trustee @ Slate Office REIT

+ Christopher Heath to CEO @ MedBright Investments Inc.

+ Dan Hurley to Chief Revenue Officer @ Altus Group

+ François Poirier to Director @ CIBC

+ Greg Ramier to Pres. & COO @ Pet Valu Canada Inc.

+ James Bowzer to Director @ Pason Systems Inc.

+ Jason Cho to Pres. @ Metalla Royalty & Streaming Ltd.

+ Jean-Francois Bureau, Sr. VP, Chief Financial & Risk Officer @ PSP Invesments, retiring

+ Jim Jarrell to Pres. & CEO @ Linamar Corporation

+ Jonathan Rigby to CEO @ Sernova Corp.

+ Kara Cameron to CFO @ Crombie REIT

+ Lee Dabberdt to CFO @ Lifespeak Inc.

+ Rickey Fontaine to Director @ Boralex Inc.

+ Vivek Sood to Trustee @ Crombie REIT

~ 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 

+ Morgan Kitchen; Calgary firefighter, killed in Jasper wildfire, 24




 
THIS WEEK IN FINANCINGS 
- proposed & closed

+ Athabasca Oil Corporation closed a $200.0 million unsecured debt raise

+ Horizon Petroleum Ltd. is on the market to raise $1.0 million in equity by private placement

+ Hydro-Québec closed a $500.0 million debt raise

+ Parkland Corporation is on the market to raise US$500.0 million in sr. unsecured debt

+ Tapestry Community Capital is helping affordable housing developers to raise $110.0 million in debt

+  TELUS Corporation is on the market to raise $700.0 million in sr. unsecured debt

+ WSP secured a $158.0 million investment 




 
 CLIMATE CHANGES + LEED + RENEWABLE ENERGY 

+  Deep Sky Labs to set up 14 carbon capture test sites, one of them to be at Innisfail




 
 CORPORATE RESPONSIBILITY + ESG REPORTS 

+ Sienna Senior Living Inc. published its 2023/24 ESG Report




 INFRASTRUCTURE + P3 

+ Algonquin Power & Utilities Corp. agreed to sell it’s Renewable Energy Business to LS Power for US$2.5 billion

+ Emera sold its New Mexico Gas Company holding for US$1.25 billion




 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




 INTERESTING TRENDS/NEWS: RETAIL 

+ YETI opened it’s first international store/only Canadian store – at CF Chinook Centre




 SHAREHOLDER MEETINGS

+ Sept. 3; Canadian Western Bank, Special Meeting of Common Shareholders, Edmonton

+ Sept. 9; Datable Technology Corporation, Annual General Meeting, Vancouver

+ Oct. 23; NEI Investments, Unitholder Meeting, Toronto

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

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




 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ Aug/ 16 – 18; Rogers Charity Classic/PGA Seniors Tour, Canyon Meadows; tickets/sponsors information tba

+ Sept. 4; 8th Annual Little Warriors Golf Tournament, The Quarry Golf Course – Edmonton; registration/donations/sponsors

+ Sept. 18; GDM Golf Charity Classic, in support of Brown Bagging for Calgary’s Kids, Inglewood Golf and Curling Club, Calgary; register

+ Sept. 23; Camp Chief Hector Golf Tournament, Bearspaw Golf Course, Calgary; register

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




 
 SAVE THE DATE / upcoming events

+ Sept. 11-12; Oil Sands Expo, Fort McMurray, info/register

+ Sept. 17-19; Info~Tech – Live 2024, The Bellagio, Las Vegas; agenda /

+ Sept. 23- 25; BOMEX 2024, hosted by BOMA Vancouver – save the date

+ Sept. 24-26; International Pipeline Expo 2024, Telus Convention Centre, Calgary

+ Sept. 25-27; CREW Network (Commercial Real Estate Women), 2024 Annual Convention, Vancouver – save the date

+ Oct. 1-2; Industrial Decarbonization North America 2024 – Pittsburgh; info/register

+ Oct. 20-24; Greenhouse Gas Control Technologies Conference (GHGT), Telus Convention Centre, Calgary – info / register

+ Oct. 24; The Fraser Institute Founders’ Award Dinner – honoring Jon Love, Fairmont Royal York, Toronto; info/tickets

+ Nov. 5-6; 2024 Smart Energy Vancouver, Vancouver – save the date;

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

 




 
 KUDOS 

+ to Canada’s Olympians – summer games in Paris – record medal count for Canada – 9 gold, 27 medals  in all; medals won/medalists recap




 
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this site last updated May 6, 2025