FACILITYCalgary

+ Bank of Canada interest rate announcement March 12 – cut to 2.75% ; banks followed the announcement with rate changes; BMO, CIBC, Desjardins Group, Equitable Bank, Laurentian Bank of Canada, National Bank of Canada, RBC, Scotiabank, TD

+ Calgary Economic Development launched a digital resource to support connections between talent and the industry

+ City of Calgary – Green Line LRT ‘revised project plan’ approved by the province; $1.53 billion to be matched by federal funding

+ current energy prices; live links to Bloomberg energy prices / OilPrice.com / BOE INTEL ~  WTI @ US$69/bbl; Brent @ US$70/bbl

+ FACILITYCalgary, a sponsor-supported FREE weekly newsletter now in our 26^th year; our ‘send time’ is after close of business, every Tuesday evening

+ Erikson National Energy Inc. obtained CCAA creditor protection; KSV is the monitor

+ fire season in Alberta, 2025 – 7 fires active; 3 are 2025 - all are under control

+ Government of Alberta Health Ministry difficulties and costly missteps keep coming, statement of defence filed – and... Dynalife story

+ Government of Canada – Mark Carney sworn in as Prime Minister; Carbon Tax eliminated by Order in Council

+ Hudson’s Bay Company facing complete closure; CCAA protection alone didn’t solve HBC’s cash shortage, debts and defaults on rent – all stores are liquidating; likely to close

+ Mayoralty and Calgary city council race watch – Calgary’s election is a year away: declared candidates for Mayor so far: Jeff Davison declared, Jeremy Farkas, declared; Brian Thiessen declared, Jyoti Gondek declared; and rumored as ‘might be running’ Sonya Sharp, Dan McLean  - and it’s looking like Sharp is soon to declare

+ 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

+ 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: steady at 592 this week; Canada: down 35 to 199 this week

+ Sitka Power Inc acquired an asset portfolio from Saturn Power Inc.; 39MW

+ TELUS launched its AIFactory venture with NVIDIA

+ Terravest Industries Inc. acquired EnTrans International

+ Willow Biosciences Inc. agreed to sell it’s Epimeron USA Inc.unit for US$3.38 million

+ Mar 10^th – Doug Ford, Premier of Ontario adding 25% tariff on Ontario power export to the U.S,

+ Mar. 11^th – Ford suspends that tariff after Trump reverses himself

+ Mar. 11^th – Trump threatens an additional 25% tariff on Canadian steel and aluminum = 50% only to reverse himself later in the day ...

+ Mar. 11^th – markets continue to react negatively to trade war/inflation risk

+ Mar. 12^Th – Canada imposed a 25% retaliatory tariff on U.S. goods

+ Bindu Crandall to Chief Marketing Officer @ Syntax Systems

+ Brad Hoffman to Managing Partner @ Panattoni Development Company

+ Bruno Wall to CEO @ Wall Financial Corporation

+ Daniel Malchuk to Director @ Franco-Nevada Corporation

+ Derek Sutherland to Pres. & CEO @ MCAN Mortgage Corporation

+ Federico Vaccaro to Exec. VP, Investments @ Starlight Investments

+ Felipe Bayon to Director @ Parkland Corporation

+ Greg Case tp CEO @ Aon Plc

+ Katia Reyburn to VP, Communications @ Logistec

+ Krishna Chavda to Leasing Mgr. @ OPUS Corporation

+ Marco Mendicino to Chief of Staff, Prime Minister’s Office @ Government of Canada

+ Michel Brisebois to Chief Human Resources Officer @ Logistec

+ Oliver Borgers to Board Chair @ Wall Financial Corporation

+ Pat Powell, CEO & Director @ Calfrac Well Services Ltd., resigned

+ Steve Finch to Pres. & CEO @ Manulife Asia

+ Sue Gove to Director @ Parkland 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 ]

+ AbraSilver Resource Corp. closed a $28.5 million equity raise by private placement

+ Bouclair secured a US$20.0 million credit facility

+ Canadian Pacific Kansas City Limited is on the market to raise US$1.2 billion in debt

+ CGI Inc. closed a US$650.0 million debt raise

+ CIBC is on the market to raise $600.0 million in sub-debt and preferred equity shares

+ Ontario Power Generation Inc.. closed a $1.0 billion in debt raise

+ Premium Brands Holdings Corporation is on the market to raise $150.0 million in unsecured convertible sub debt

+ QuadReal Property Group closed a $350.0 million sr. unsecured debt financing

+ Rupert Resources Ltd. is on the market to raise $45.0 million in equity

+ Rupert Resources Ltd. is on the market to raise $32.624 million in equity by private placement

+ Summit Nanotech Corporation closed US$25.5 million financing

+ Datcy acquired Surf’s browser extension business

+ TELUS launched its AIFactory venture with NVIDIA

+ RBC published its 2024 Public Accountability Statement

+ TD Bank Group published its 2024 Sustainability Report 

+ City of Calgary – Green Line LRT ‘revised project plan’ approved by the province; $1.53 billion to be matched by federal funding

+ Melcor REIT and Melcor Developments secured the support of Telsec and Firm Capital for their plan of arrangement

+ REITrag covers activity and announcements on the activity of real estate investment trusts - REITs: - sign up at: https://markkolke.substack.com/s/reit-rag -  our new 2025 REITRag format coming soon …

+ Hudson’s Bay Company facing complete closure; CCAA protection alone didn’t solve HBC’s cash shortage, debts and defaults on rent – all stores to liquidate and close

+ RioCan REIT and HBC JV will likely play a key part in a windup or a rescue of HBC; 12 large HBC locations (including downtown Calgary) are part of this complex JV

+ Mar. 18; FuelPositive Corporation, Annual General Meeting, Winnipeg

+ Mar. 21; Genefi Inc., Special Meeting of Shareholders, Toronto

+ Apr. 1; Colliers International Group Inc., Annual Meeting of Shareholders - virtual

+ Apr. 2; FirstService Corporation, Annual Meeting of Shareholders, Toronto

+ Apr. 3; Cargojet Inc., Annual General Meeting of Shareholders, Mississauga

+ Apr. 3; CIBC, Annual and Special Meeting of Shareholders, Toronto

+ Apr. 9; EQB Inc., Annual Shareholder Meeting, Toronto

+ Apr. 11; BMO Financial Group, Annual Meeting of Shareholders, Toronto

+ May 8; Imperial Oil, Annual Meeting of Shareholders, Calgary

+ May 15; Precision Drilling Corporation, Annual and Special Meeting of Shareholders, virtual only

+ May 27; ARTIS REIT, Annual General Meeting, Toronto

~ some guidance on conducting virtual shareholder meetings, provided by BD&P

[ please send your event notices and AGM notices to  kolke@facilitycalgary.com ]

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

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

+ Apr. 2; Future Growth for a Prosperous Canada – Transition Accelerator Webinar - virtual - register

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

+ Apr. 22; Built To Sell: creating a business that attracts buyers, Hyatt Regency, Calgary; register

+ June 9-11; Neocon 2025; The MART, Chicago; 2025 exhibitor list; register

+ June 10-12; Global Energy Show Canada – Exhibition & Conference, BMO Centre, Stampede Park, Calgary

+ 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

+ Nov, 20-21; Decentralized Energy Forum, Chateau Frontenac, Quebec City; tickets

[ please send your event notices and AGM notices to kolke@facilitycalgary.com ]

FACILITYCalgary FREE