FACILITYCalgary

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FACILITYCalgary May 27/25

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 THIS WEEK - NEWS SUMMARY 

  February 12 ~ 18, 2025 


 
 
 
- 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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ROCKY VIEW COUNTY
Business & Economic Development

 


 
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DIGITAL COMPONENT CONSTRUCTION

 


 
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 CHARITY - Not-for-profit - fundraising ...

 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 ... 

 
 
I GIFT SIGHT

 
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.

 
DONATION INFO/OPTIONS

 
                                                                                                

NSTEP

NSTEP is focused on building healthy habits for children, for life!

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 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




 U.S. Trump/TARIFF WATCH ...

+ Calgary vulnerability to tariffs

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

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

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


                                                                

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SHAKERS AND MOVERS 
appointments and disappointments 

+ 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 ]




 REMEMBRANCE 

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

+ Tim Alberts, VP Production @ Kiwetinohk Energy; 60




THIS WEEK IN FINANCINGS 
- proposed & closed

+ 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 Resource + Workplace Trends + HSE 

+ 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




 TECHNOLOGY / AI Trends 

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

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




 RISK 

+ 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




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ 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




 CONSTRUCTION - BUILDING SERVICES 

+ 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




  INFRASTRUCTURE + P3 

+ 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




 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: RETAIL 

+ 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




 INTERESTING TRENDS: MULTI-RES 

+ City of Calgary approved sale of 5 sites to not-for-profit organizations – 387 affordable homes to be the result




  SHAREHOLDER / INVESTOR MEETINGS 

+ 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 ]




 CHARITY GOLF EVENTS 

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




 UPCOMING EVENTS / SAVE THE DATE 

+ 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 ]


 
                                                                

Unless otherwise noted, everything on this website is Copyright  Protected - © 1999 - 2025 - Mark Kolke, Publisher / MaxComm  Communications/Waterglass Press, units of PLANDflex Corporation, all rights reserved.


Our mailing address is: 6204B Burbank Road SE, Calgary, T2H 2C2, Canada

this site last updated May 27, 2025