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FACILITYCalgary May 6/25

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 THIS WEEK - NEWS SUMMARY 

  July 17 ~ 23 , 2024 


 
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- 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

 
                                                                                                    

 
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.

 
For information regarding iGIFTsight:
- donations and planned giving arrangments for iGIFTsight - contact: Mark Kolke: mark.kolke@igiftsight.ca 
- for program information or to learn more about iGIFTsight programs, click here, or contact Mr. Aly Bandali,  Pres. & CEO: alyb@igiftsight.ca 
- For further reading, Download ' i GIFT sight - case for support '

 
                                                                                                    


 Sponsors of this week's issue:

 
 
Visit: https://falkbuilt.com/
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  NEWS THIS WEEK  


+ Altus Group Ltd. agreed to sell it’s global property tax business to Ryan LLC for $700.0 million

+ Bank of Canada rate announcement tomorrow – widely expected to be another rate cut ...

+ Calgary Flames and the City of Calgary did the big reveal: design of the new Calgary event centre; it will be branded Scotia Place, and will be open for the first puck-drop in 2027 for the 18,000 seat arena – total capital cost is $926.4 million

+ City of Calgary – water crisis: things are nearly fully restored: STAYING AT STAGE 2 for now; earlier reports that ‘back to normal would have happened already’ is not matched by an explanation of what’s happening. The Mayor’s ‘exercising caution’ because of heat wave impact on intake pumps’, seems an insufficient explanation

+ City of Calgary announced $60.0 million investment under its Housing Capital Initiative – funding/city participation is up for grabs up to October 10th

+ CloudMD Software & Services Inc. completed its going private transaction

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

+ Detechtion Technologies  acquired EZ Ops

+ fire season 2024 is underway: Alberta wildfire concerns are well founded;   ~ Government of Canada updated its 2024 Wildfire Season forecast ~ 170 fires are active –  167 of those are new/2024 fires – 56 of those are out of control – most the fire activity is in the north parts of the province where conditions remain extremely dry; a fire-ban is in place for the entire Forest Protection Area of Alberta – yesterday’s GoA update

+ fire season 2024 disruptions/evacuations: more than 7,500 from Little River Cree Nation evacuated, MEG Energy reduced forces at Christina Lake,  the Town of Jasper has declared a state of emergency, everyone ordered to evacuate Jasper National Park

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

+ heatwave hitting Calgary again this week … safety/health cautions

+ Intuit (TurboTax) is closing it’s Canadian HQ in Edmonton; part of an 1,800 person staff reduction

+ Keurig Canada Inc. (Keurig, Dr Pepper) – opened a 100,000 sq. ft. western Canada distribution facility in Balzac/Rockyview Country

+ MNP expanding its ag practice; acquired 6 companies (4R Agronomy, Annex Agro, Arrow Crop Management, Elite Ag, Max Ag Consulting, and Sure Growth Solutions)

+ 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

+ 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

+ Remington Development Corp is re-zoning a partially developed site in Quarry Park for residential development; the site is a great TOD site – will have 1,400 residential units potential; 9-5 storey elevator shafts and an underground parking garage have been in place for a long time

+ rig activity in Canada, courtesy of BOE Report

+ rig counts/utilization (active/working) – US: up 2 to 586 this week; Canada: up 8 to 197 this week

+ Sleep Country is  being acquired by Fairfax Financial for $1.7 billion

+ Tenaz Energy Corp. agreed to acquire NAM Offshore B.V.

+ Woodside agreed to acquire Tellurian and Driftwood LNG for US$900.0 million

+ WOW – that’s big news; Brookfield appear to have picked Connor Teskey to succeed Bruce Flatt as CEO … tic toc, we’ll see

+ 2024 U.S. elections watch: WOW, what a big week it was: an assassination attempt on Trump, a GOP/Republican convention gave Trump-led party a lot of momentum; then Biden withdrew, support and fresh donation have shifted momentum to Democrats, to Harris as likely candidate, massive fund raising and they haven’t had their nominating convention yet – all in a week. 




SHAKERS AND MOVERS 
appointments and disappointments 

+ Brad Krizan to Director @ Avanti Helium Corp.

+ Chelsea Kellock to VP Marketing 2@ Redberry Restaurants

+ Dale Dionne to VP Municipal and Transportation, Ontario @ CIMA+

+ Doug Guzman to Deputy Chair @ Royal Bank of Canada

+ Francis Pomerleau to Director @ CarbiCrete

+ Fraser de Walle to Managing Dir. @ Platform Insurance Management Inc.

+ Heather Tobin to Sr. Managing Dir. & Global Head of Capital Markets @ CPP Investments

+ Jason Mullins to Pres. & CEO @ goeasy Ltd.

+ Maxime Laveriere to Chief Legal Officer and Corporate  Secretary @ BDC

+ Priti Singh to Chief Risk Officer @ CPP Investments

+ Scott Burrows to Director @ National Bank of Canada

+ Seamus O’Regan, Labour and Seniors Minister @ Government of Canada, resigned

+ Susan Yukovich to CEO @ Canfor Corporation

~ 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

+ Full Circle Lithium Corp. closed a $1.578 million equity raise by private placement

+ Garda World Security Corporation is on the market to raise US$550.0 million in sr. unsecured debt

+ goeasy Ltd. is on the market to raise US$200.0 million in sr. unsecured debt

+ goeasy Ltd. secured a $550.0 million credit facility

+ Mercer Park Opportunities Corp. closed a USD$200.0 million equity raise by IPO

+ Rakovina Therapeutics Inc. is on the market to raise $2.3 million in equity by private placement

+ Reconnaissance Energy Africa Ltd. is on the market to raise $35.0 million in equity

+ Royal Bank of Canada is on the market to raise $1.25 billion in unsecured sub debt

+ Royal Bank of Canada is on the market to raise $600.0 million by a preferred shares issue

+ Simply Solvent Concentrates Ltd. closed a $3.85 million equity raise

+ SmartCentres REIT is on the market to raise $350.0 million sr. unsecured debt

+ Solar Alliance Energy Inc. closed a $1.0 million equity raise by private placement

+ Spectral Medical Inc. closed a US$1.0 million convertible debt raise

+ Willow Biosciences Inc. closed a $1.64 million equity raise by private placement




 HR + WORKPLACE ISSUES + HSE 


+ Intuit (TurboTax) is closing it’s Canadian HQ in Edmonton; part of an 1,800 person staff reduction

+ is the traditional office shrinking? 




 RISK 


+ catalytic converter thefts are down ...

+ first half of 2024 – auto theft trend report




  CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ PNWER group working to study a U.S.-Canada cross-border hydrogen hub project

+ RBC announced a plan to retrofit 1,200 branches with a focus on emissions reductions




 TECHNOLOGY / A I TRENDS 


+ Google’s parent Alphabet is reported to be near a deal to acquire Wiz for US$23.0 billion – it’s largest ever acquisition




 CONSTRUCTION + BUILDING SERVICES NEWS 

+ Calgary Flames and the City of Calgary did the big reveal: design of the new Calgary event centre; it will be branded Scotia Place, and will be open for the first puck-drop in 2027 for the 18,000 seat arena – total capital cost is $926.4 million

+ RBC announced a plan to retrofit 1,200 branches with a focus on emissions reductions




 CORPORATE RESPONSIBILITY + ESG REPORTS 

+ Silvercrest Metals Inc. published its 2023 ESG Report

+ Minto Group published it’s 2023 ESG Impact Report

+ TransMountain published its 2023 ESG Report




 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: INDUSTRIAL + LOGISTICS 

+ Keurig Canada Inc. (Keurig, Dr Pepper) – opened a 100,000 sq. ft. distribution facility in Balzac/Rockyview Country




 INTERESTING TRENDS/NEWS: RETAIL 

+ Sleep Country is  being acquired by Fairfax Financial for $1.7 billion




 INTERESTING TRENDS/NEWS: MULTI-RES 

+ City of Calgary/Calgary Housing Company redeveloping Bridgeland Place property; demolition scheduled; redevelopment of existing 200 door project AND new development on the site. The $50.0 million budget and direction of the project is to be split between the City and CHC ... tic toc ...we’ll see

+ Remington Development Corp is re-zoning a partially developed site in Quarry Park for residential development; the site is a great TOD site – will have 1,400 residential units potential; 9-5 storey elevator shafts and an underground parking garage have been in place for a long time




 SHAREHOLDER MEETINGS

+ July 23; Roots Corporation, Annual Meeting of Shareholders, Toronto

+ Aug. 2; Copperleaf Technologies Inc., Special Meeting of Shareholders, Vancouver

+ Aug. 9; Canaccord Genuity Group Inc., Annual General Meeting, Toronto

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

~ 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 / upcoming events

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

+ 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. 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 ]




 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, 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 ]




  KUDOS 

+ to Oscar Lopez – great to see he’s got his groove back ...

+ to Wally Buono, celebrated by the Calgary Stampeders – induction to the Wall of Fame at McMahon Stadium




  QUOTES 

+ When you choose the benefits of an action, you also choose the drawbacks. - James Clear




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this site last updated May 6, 2025