+ 120 buildings in Calgary being assessed for demolition due to irreparable flood damage; up to 10,000 Calgarians remain displaced indefinitely
+ Aeroplan’s operator Amia switching from CIBC affiliation to TD unless CIBC exercises its right to match the deal by Aug. 9 dealine
+ Bellatrix Exploration Ltd. closed is $122 million JV with Grafton Energy CO I Ltd.
+ Bell Media got CRTC approval to move ahead with its $3.2 billion takeover of Astral Media Inc.
+ Calgary flood restoration continues; power fully restored, clean-up continuing
+ Calgary Food Bank in short supply due to so many people have food-spoilage problems due to recent flood related power outages
+ Canada Day celebrations in Calgary went ahead as planned
+ Cargill meat processing facilities in High River, largest in Canada, shut down due to lack of fresh water following flood damage to water treatment facilities in the town
+ Cenovus Energy Inc. invested $2.5 million in CO2 emissions firm Skyonic Corporation
+ Canadian Pacific had a train de-rail in Calgary on the Bonnybrook Bridge which partially collapsed due to flood damage; cars were off-loaded and removed without damage to anyone or leakage into the Bow River – while the 90 yr. old bridge looks irreparable
+ Empire Company Limited agreed to sell its theatre operation – 170 screens in 24 locations in eastern Canada to Cineplex Inc. for $200 million; 179 screens in 20 locations in western Canada to Landmark Cinemas in a $55 million sale/JV transaction – all to focus attention and resources on Sobey’s and Crombie REIT busineses
+ Enerplus Corporation agreed to sell $80 million in non-core asset sales
+ Europe watch: Mark Carney took his chair, first non-Brit Governor of Bank of Canada in 319 years, Portugal’s Finance Minister resigned, Vatican bank director and deputy resign amid fraud scandal
+ Galvanic Applied Sciences Inc. received and all cash take-over bid
+ High River declared a state of emergency, got $50 million in emergency cash from the province and army aid but couldn’t keep its evacuated and disgruntled residents happy; subsequently relinquished control over managing crisis to the province who took action steps to begin returning residents to the evacuated town
+ Kulczyk Oil Ventures Inc. closed its acquisition of Winstar Resources Ltd.
+ Pembina Pipeline planning $850 million Cornerstone Pipeline in NE Alberta
+ Plazacorp Retail Properties Ltd. completed acquisition of 100% of KEYreit units, now trading on TSX
+ Ridgeline Energy Services Inc. agreed to sell its Canadian environmental and GreenFill units to Ridgeline Canada Inc. along with rights to the Ridgeline trade names for $7.2 million
+ Second Wave Petroleum Inc. completed its going private transaction
+ TransAlta Corp. is on the market to sell 15-20% of its green power assets; expected to raise $200-250 million
+ U.S. President Obama, in a major climate change and environmental issues speech sent messages to industry and regulators that a clean up of the U.S. coal-fired electricity industry is on his agenda, mentioning as well that approval of Keystone pipeline will require an assessment showing ‘no increase’ in greenhouse gas emissions which both sides of the debate argued was a ‘win for our side’, so stay tuned . . .
+ Verizon Communications Inc. offered to $700 million for Wind Mobile and have commenced talks with Mobilicity
+ Volunteer Calgary renamed itself as Propellus, expanding its services
+ Whitecap Resources Inc. agreed to acquire Alberta energy assets from Barrick Gold Corp. for $173.6 million
