FACILITYCalgary

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FACILITYCalgary May 27/25

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 THIS WEEK - NEWS SUMMARY 

  January 28 ~ February 4, 2025 


 QUOTES 

+ Nothing in life is to be feared, it is only to be understood. Now is the time to understand more, so that we may fear less.- Marie Curie




 KUDOS 

+ to RBC Foundation – for a $1.0 million contribution to the Glenbow to improve accessibility 


                                                                                                



- 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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e-mail:  calgary@pvlcalgary.com
 
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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.

 
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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.


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  NEWS THIS WEEK  


+ a world of turmoil in recent days – the Trump Administration declaration of an emergency situation, under Presidential powers for such emergency condition imposed new tarrifs on Canada, Mexico and China – which were to go into effect today – February 4th at 12:01AM; the statements, official statements by all countries, behind-scenes emergency meetings in efforts to reverse/cancel/argue against the flawed logic of unjustified trade tariffs in defiance of the Canada-America-Mexico USMCA trade agreement have raised the ire of all Canadians, echoes of economists saying ‘it’s a crazy move’ and many observers seeing it as a geo-political blunder with devastating immediate impact on long-standing robust trading relationships with allies, to declines in the Canadian dollar, oil prices, and the spending philosophy of corporations and families – all because of an ill-considered and economically flawed campaign promise. The Canadian government announced its plans for retaliatory tariffs.  By end of day, a pause on the tariffs was the walk-balk by Trump, the can was kicked down the proverbial road ... for 30 days. Comments today from Premier Smith on the 30-day delay. This war is ON, and not over...

+ Alberta in turmoil too – great summary of the battle so far and praise for Premier Smithy, from an Alberta perspective – Don Braid’s column

+ Bank of Canada announced a 1/4% / 25 basis points reduction to 3.0% - banks followed with rate adjustments: BMO, CIBC, Desjardins Group, Equitable Bank, Laurentian Bank, National Bank, RBCy of Calgary’s Green Line LRT go-ahead secured with GoA support

+ Birchcliff Energy Ltd. announced its 2025CapExBudget is $260.0 million

+ current energy prices; live links to Bloomberg energy prices / OilPrice.com / BOE INTEL ~  WTI @ US$ 72.76/bbl; Brent @ US$76.16 /bbl ~ pricing volatility in recent days over threatened U.S. imposed tariffs have settled and recent trends in pricing are expected to continue

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

+ fire season 2025 – 6 fires from 2024 remain but ‘under control’ – there are NO 2025 fires at present

+ fire season 2024 lingering ... Jasper rebuild funds in doubt/jeopardy - and Parks Canada providing 320 interim housing units; GoA support and Red Cross – matching funding

+ Government of Alberta is aiming to grow the Heritage Fund to $250.0 billion by 2050 – establishing a new Crown corporation – Heritage Fund Opportunities Corp.

+ 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

+ Grayhawk Wealth rebranded as Sagard Wealth

+ InPlay Oil Corp. announced its 2025CapExBudget is $41.0 million

+ 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

+ National Bank of Canada completed its acquisition of Canadian Western Bank

+ Ovintiv Inc. closed the sale of its Uinta unit for US$2.0 billion

+ Paramount Resources Ltd. closed a $3.3 billion asset sale transaction to Ovintiv Inc.

+ 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 6 to 582 this week; Canada: up 13 to 258 this week

+ Shell Canada Limited increased its interest in Scotford upgrader and Quest CCS facility and exited its investment stake in oil sands in transaction with Canadian Natural Resources Limited

+ Topaz Energy Corp. closed its $43.0 million Montney royalty and infrastructure acquisition from Logan Energy Corp.




 STAY TUNED - COMING NEXT WEEK ...

+ the return of interviews to FACILITYCalgarry ... something that has long been a part of this publication - paused when COVID overtook us all ... and time to resume, so watch for some great names and conversations
+ AND ... recent days of high tension for all Canadians, the 'tariff threat' we've witnessed is not over - a '30 day postponement' is a significant relief to everyone, but there is going to be a lot to watch in coming weeks and beyond - so, two new feature sections - What governments are doing and What Canadians are doing ... and we'll be watching for interesting relevent items ...



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SHAKERS AND MOVERS 
appointments and disappointments 

+ Alex R. N. MacAusland, Pres. & CEO @ Western Energy Services, retired

+ Brandon Kou @ to Director @ MedBright AI Investments Inc.

+ Carlo Dade to Director, International Policy, School of Public Policy @ University of Calgary

+ Chris Fowler, Pres & CEO @ Canadian Western Bank, retiring

+ Kevin Cruickshank to Director @ Frontenac Mortgage Investment Corporation

+ Kiara Tyler to National Lead, Marketing and Communications @ Humanis

+ Luc Reny to Director @ ADF Group Inc.

+ Paolo Cerruti, Pres. & CEO @ Northvolt, stepped down

+ Ted Carefoot to VP of Product @ Scope Technologies 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 

+ Garth Toombs; retired HR executive, community leader, Rotarian, volunteer, kind man; 89

+ Raj Pannu; educator, MLA for Edmonton Strathcona, former leader of NDP Party; 91

+ Robert Westbury; educator, corporate leader, philanthropist, and VP @ TransAlta Utilities; 88 




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Bonterra Energy Corp. closed a $135.0 million sr. secured debt raise

+ BriaCell Therapeutics Corp. is on the market to raise $3.05 million in equity

+ Dynacor Group Inc. is on the market to raise $27.5 million in equity

+ Hydro-Quebec closed a $500.0 million debt raise

+ Microbix Biosystems Inc. raised $2.4 million in equity by a warrants offering

+ Simply Solventless Concentrates Ltd. has secured an oversubscription of its $6.0 million convertible debt raise

+ Spartan Delta Corp. closed a $97.8 million equity raise

+ TD Bank Group is on the market to raise $1.0 billion in sub debt

+ Vermilion Energy Ltd. is on the market to raise US$400.0 million in unsecured debt




 HR Resource + Workplace Trends + HSE 

+ thriving – can it happen at a distance?

+ top jobs in demand for 2025 – Randstad report

+ trends in flooring




 TECHNOLOGY / AI Trends 

+ Open AI’s ChatGPT4 now has a new tool ... 4,o3 – deeper insight, faster, better ...

+ tech-cities of focus in Canada – Montreal, Vancouver, and Calgary

+ AI and Quantum Computing Could Reshape the S&P 500




 RISK 

+ Beneva and Gore Mutual to merge, strengthening mutual insurance's role in Canada

+ Equifax and Interac Corp. JV – cutting-edge identity verification

+ Jasper wildfire damage now estimated at $1.23 billion – Insurance Bureau recovery update




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Government of Canada investing in Energy Innovation Hub in Saskatchewan

+ Heidelberg Materials innovative carbon capture project




 CONSTRUCTION - BUILDING SERVICES 

+ Heidelberg Materials innovative carbon capture project




  INFRASTRUCTURE + P3 

+ City of Calgary’s Green Line LRT go-ahead secured with GoA support – confirmed by GoA announcement




 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 

+ Walmart Canada announced a $6.5 billion investment in new stores and supply chain; Alberta and Ontario stores by 2027, new distribution facility in Vaughan opening spring 2025, three Supercentres in Alberta (Calgary, Edmonton, Fort McMurray)




 INTERESTING TRENDS: MULTI-RES 

+ Dream Unlimited launched a $2.0 billion multifamily JV to fund acquisitions and new builds across Canada




  SHAREHOLDER / INVESTOR MEETINGS 

+ Feb. 4; Chorus Aviation Inc., Special Meeting of Shareholders, Halifax

+ Feb. 5; BriaCell Therapeutics Corp., Annual General Meeting of Shareholders, Toronto

+ 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

~ 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 6; 2025 Canada Energy Update and Person of the Year Gala, Vancouver,

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

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

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

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

+ 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 ]




                                                                

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this site last updated May 27, 2025