FACILITYCalgary

FACILITYCalgary FREE

FACILITYCalgary FREE

+ Bank of Canada reduced interest rates 25 basis points to 4.75 % (check out the chart!); banks followed suit with interest rate adjustments: BMO, CIBC, Desjardins, EQB, Laurentian, National, Scotia, TD, RBC, Tangerine,

+ Big Rig Trailers & Leasing in receivership; Grant Thornton is the trustee

+ Calgary Green Line; board report: July 2024 Update; Green Line decisions on Phase I scope/budget expected this week tic toc

+ Canadian Red Cross appealing for help to assist people impacted by Alberta Wildfires

+ City of Calgary – water crisis: staying at Stage 1 – water restrictions remain in effect

+ current energy prices; live links to Bloomberg energy prices / OilPrice.com; WTI @ US$75/bbl; Brent @ US$79/bbl ~

+ fire season 2024 is underway: Alberta wildfire concerns are well founded;   ~ Government of Canada updated its 2024 Wildfire Season forecast ~ 122 fires are active –  121 of those are new/2024 fires – 23 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. The GoA asked for help from Ottawa regarding the fire situation in Jasper (you’d think the Federal Government wouldn’t have thought it’s first duty was to protect the National Park without waiting for an urgent call for help!) - latest Alberta government wildfire update July 29 @ 3:30PM; latest from Canadian Red Cross on cash assistance for evacuees

+ fire season 2024 disruptions/evacuations in the last week: Jasper wildfire – largest in the National Park in 100 years; forced 100% evacuation of the town of Jasper; over 30% of properties destroyed or severely damaged – addresses and photos of impacted areas – residents not allowed to return to unsafe conditions, hot spots; Water Valley fire NW of Calgary has an evacuation ALERT in effect

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

+ 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

+ 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: up3 to 589 this week; Canada: up 14 to 211 this week

+ TC Energy Corporation announced a deal that enables 72 indigenous communities to participate in equity ownership stake in Alberta pipeline assets for $1.0 billion

+ Bailey Russel to Associate/Insolvency & Restructuring @ Gowling WLG

+ Cherylyn Harley LeBon to Director @ Waste Connections Inc.

+ Constantino Malatesta to Interim-CFO @ CAE Inc.

+ Danica Jorgenson to Associate @ Cassells Brock & Blackwell LLP

+ Jeffrey Shaul to Director @ Genifi Inc.

+ John Grosshans to Chief Revenue Officer @ Coveo Solutions Inc.

+ Marcus Chun to Head of Digital Strategies and Advisor Strategies @ Richardson Wealth Limited

+ Raymond Bohn, Pres. & CEO @ NAV Canada, retired

~ 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 ]

+ W. Michael Murphy; Board Chair @ American Hotel Income Properties REIT

+ Athabasca Oil Corporation is on the market to raise $200.0 million in unsecured debt

+ goeasy Ltd. closed a US$200.0 million sr. unsecured debt raise

+ Garda World Security Corporation closed a US$550.0 million sr. unsecured debt raise

+ Hapbee Technologies Inc. closed a $2,72 million equity raise by private placement

+ Propel Holdings Inc. secured a $330.0 million credit facility

+ Rakovina Therapeutics Inc. closed a $2.0 million equity raise by private placement

+ Timbercreek Alternatives LP and Aspen Properties JV ‘1 Palliser Square LP’ is on the market to raise $30.0 million in equity by private placement

+ Wildbrain Ltd. secured a $US415.0 million credit facility

+ adapting work to outdoor settings

+ more than half of Canadian companies to add positions in 2^nd hall of 2024

+ Payments Canada study shows fraud concerns on the rise

+ Insurance Bureau of Canada guidance on wildfires

+ ADENTRA Inc. acquired Woolf Distribution Company for US$130.0 million

+ Atlas Corp. published its 2023 Sustainability Report

+ Lightspeed Commerce Inc. published its 3^rd annual Sustainability Report

+ Calgary Green Line Board – July 2024 Update

+ REITrag covers activity and announcements on the activity of real estate investment trusts - REITs: - sign up at: https://markkolke.substack.com/s/reit-rag

+ Slate Office REIT in turmoil; boardroom battle ... tic toc

+ Slate Office REIT in turmoil; boardroom battle ... tic toc

+ Bentley & Co. Ltd. has filed an NOI to sell it’s 140 stores; Raymond Chabot is proposed trustee

+ Loblaw / George Weston companies settled; paying $500.0 million – toward the bread-price-fixing antitrust class action; other retailers still fighting … tic toc

+ Timbercreek Alternatives LP and Aspen Properties JV ‘1 Palliser Square LP’ to convert 1 Palliser Square from office to residential; 418 doors

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

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

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

+ 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 ]

+ Aug. 8-9; ADSE – Aerospace, Defence & Security Expo, Abbotsford; info/register

+ 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 ]

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

+ Sept. 4; 8^th 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 ]

+ to CPKC and LPGA – the CPKC Canadian Open raised $4.3 million for children’s health

+ to the Canadian Banks and the Canadian Red Cross – stepping up to help the displaced residents of Jasper during – and facilitating donations of help

+ Realtors are helping too – DONATE PAGE – triple matching by Governments of Canada and Alberta

+  A philosopher can spend a month, a year or a career thinking about one knotty problem. Making assertions, testing theories, understanding how others are thinking about it as well. But this exercise shouldn’t be reserved for academics. What are you working on? When will you change your mind? What can you learn, what can you challenge? It’s better when we’re on the cusp. ~ Seth Godin

+ If there is no wind, row. - Virgil

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