+ Federal Court of Appeal dismissed B.C.’s challenge to the National Energy Board’s ruling that allows the Kinder Morgan Canada pipeline expansion project to bypass local bylaws in Burnaby … yay!
+ GOA Budget 2018 introduced in the legislature; projects a balanced budget by 2023-24, cutbacks on municipal grants, a $22.1 billion health care budget and $1.0 billion cut to the infrastructure budget; read the budget speech ; debt is projected as on course for $96.0 billion … tic toc … the optimistic parts of the future projection are reliant on revenues connected with new pipelines
+ Granite Oil Corp. commenced a strategic alternatives review process; advisors have been engaged
+ MEG Energy Corp. closed $1.61 billion sale of its 50% interest in the Access Pipeline and its’ 100% interest in the Stonfell Terminal to Wolf Midstream Inc.
+ AutoCanada Inc. acquired Grossinger Auto Group (14 dealerships in Illinois); terms not disclosed
+ Google Inc. acquired 1.2 million sq. ft. Chelsea Market property in Manhattan for US$2.4 billion from Jamestown; former Nabisco factory is a full city block development. Google is already a tenant (400,000 sq. ft.) in the property
+ Ontario Power Corporation sold its former Lakeview Generation Station (177 acre waterfront development site in Mississauga) to a consortium of developers for $275.0 million
+ Westbank Corp. and Bos Properties agreed to sell their downtown Vancouver site-assembly for $105.0 million to Hong Kong based buyer
INTERESTING THINGS IN RETAIL
+ Premier Outlet Collection – Edmonton International Airport’s outlet mall getting finished; opening is May 2nd with most of its 70 tenants ready to open. The $215.0 million project is an Ivanhoé Cambridge project.
+ Toys “R” Us Canada will likely be sold as a going concern; multiple non-binding offers are on the table …
+ Apr. 5; CIBC, Annual Meeting of Shareholders, Halifax
+ Apr. 5; BMO Financial Group, Annual Meeting of Shareholders, Toronto
+ Apr. 6; Royal Bank of Canada, Annual Meeting of Common Shareholders, Toronto
+ Apr. 10; Bank of Nova Scotia, Annual Meeting of Shareholders, Toronto
+ Apr. 12; Cargojet Inc., Annual General and Special Meeting of Shareholders, Toronto
+ Apr. 18; Calgary Real Estate Board, Annual General Meeting, CREB Headquarters, Calgary
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