FACILITYCalgary

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FACILITYCalgary May 13/25

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 THIS WEEK - NEWS SUMMARY 

  May 7 ~ 13, 2025 


 


 U.S. Trump / TARIFF WAR WATCH ...

+ May 3 -- Canadian Pacific Kansas City is facilitating Canada-Mexico trade-via-rail strategy to bypass Trump tariffs

+ May 4 – Trump says he’s taking steps to levy a 100% tariff against ‘non-U.S. made films’

+ May 8 – Bank of Canada warns of tariff trigger risk

+ May 8 – Trump says he’s made a trade deal with the UK, but ... no details

+ May 12 – Trump blinked; substantial pullback on rates with China, 90 day postponement

+ May 13 – Trump policies stall Honda’s EV investment and threaten Canadian jobs




 
  KUDOS   

+ to Imperial Oil – donating their Quarry Park Research Lab to SAIT; $37.0 million/40,000 sq. ft. facility



 
  QUOTES  

+ Once you’ve started, you’re halfway there - Horace

+ Fishermen know that the sea is dangerous and the storm fearsome, but they have never found these dangers sufficient reason for remaining ashore. They leave that wisdom to those to whom it appeals. When the storm comes — when night falls — what's worse: the danger or the fear of danger? Give me reality, the danger itself.- Vincent van Gogh




 
 
- 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

 
                                                                                                

 
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  NEWS THIS WEEK  


+ Cavvy Energy Ltd. is the new name for Pieridae Energy Limited

+ Cielo Waste Solutions Corp. is on the market to raise $3.0 million in equity by private placement

+ CIMA+ acquired B&A Studios

+ current energy prices; live links to Bloomberg energy prices / OilPrice.com / BOE INTEL ~  WTI @ US$63/bbl; Brent @ US$66/bbl –

+ Deloitte Canada published its 2025 ‘Canada’s Best Managed Companies’ ... 494 companies this years

+ Englobe Corporation acquired Higher Ground Consulting Inc.

+ Extendicare Inc. agreed to acquire Closing the Gap Healthcare Group

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

+ Government of Alberta: Premier Smith announced a freeze on industrial carbon price; Ric McIver resigned from Cabinet, then elected Speaker of the House

+ Government of Canada: recounts – 1 seat flipped to Liberals; 2 recounts pending; Carney Government Cabinet Minsters – sworn in today – 28 ministers, 10 secretaries of state; one minister from Alberta, but none from Calgary ... great Braid column

 + HBC liquidation is in the home stretch – stores all closing by June 1; bids for properties, intellectual property and leases are being reviewed by the court and receiver ... extension granted, and all to be wound up by July 31st

+ HBC to announce new owners (in 2-3 weeks) of assets; will the HBC brand live on?

+ Mayoralty and Calgary city council race watch – Calgary’s municipal election coming this October – declared Mayoralty candidates so far is five (5): Jeff Davison declared, Jeremy Farkas, declared; Brian Thiessen (The Calgary Party) declared; Jyoti Gondek declared; Sonya Sharp, (Communities First Party) declared. Calgary Party officially launched.

+ 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

+ Onex sold 25% of WestJet; Delta (15%) and Korean Air (10%) for US$550.0 million; WestJet to leverage the relationship

+ Omnira Software acquired Adept Solutions

+ 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: down 6 to 578 this week; Canada: down 6 to 114 this week

+ Terravest Industries Inc. acquired Simplex Inc.

+ Terravest Industries Inc. acquired Tankcon FRP Inc.

+ Whitecap Resources Inc. successfully closed its combination with Veren Inc.


                                                                

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Bob Myles to CEO @ Canadian Utilities Limited

+ Chris Goodchild to COO @ Decisive Dividend Corporation

+ David Hancock to Assistant Chief Justice, Edmonton Family and Youth Division @ Alberta Court of Justice

+ Dror Nir to CEO @ Roadpost Inc.

+ John Foreman to Chief Product Officer @ Clio

+ Martin Thibodeau to Director @ Reitmans (Canada) Ltd.

+ Maxime Menard to Pres. & CEO @ Fiera Capital

+ Michael Braithwaite to Pres. & CEO @ Jack.org

+ Michael Medline, Pres. & CEO @ Empire Company Ltd., retiring

+ Nancy Southern to Exec. Chair @ Canadian Utilities Limited

+ Nathan Cooper to Alberta’s Representative in Washington @ Government of Alberta

+ Nur Khan to Managing Director @ SAF Group

+ Ric McIver, to Speaker @ Alberta Legislature

+ Teresa Merryfield to Senior Living Advisor @ Luxstone Senior Living

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 ]




  Remembrance  

+ Herschel Segal, founder of Le Chateau and David’s Tea

+ Scott LaPrairie, Chair, Pres. & CEO @ LaPrairie Group of Companies, 67




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Amilia Enterprises Inc. raised $35.0 million

+ Avenue Living REIT closed a $250.0 million sr. unsecured debt financing
+ Findd
secured a $3.0 million financing

+ Germain Hotels secured a $160.0 million financing

+ GreenPower is on the market to raise $2.0 million in debt

+ Hydro-Quebec closed a $500.0 million debt financing

+ Power Sustainable Infrastructure Credit closed a $110.0 million senior secured debt raise

+ Principal Technologies Inc. closed a $1.0 million equity raise by private placement

+ Prospera Energy Inc. is on the market to raise $2.0 million in convertible debt by private placement

+ Secure Waste Infrastructure Corp. secured a $900.0 million credit facility

+ Spectral Medical Inc. secured at $10.0 million debt raise




 HR Resource + Workplace Trends + HSE 

+ new skills training for young Canadian, careers in energy

+ mass timber = wellness ??? ... wood in the workplace

+ two Alberta workplace deaths – severe consequences, fines, sentences




 TECHNOLOGY / AI Trends 

+ Open AI wants to team with governments on AI infrastructure

+ the robots are coming, the robots are coming



 RISK 

+ director’s liability in insolvency – MLT Aikins article

+ Jasper recovery - - Insurance Bureau update

+ fire season status in Alberta, 2025: Alberta Forest Serivices data: 22 fires are active; 16 are current year active fires; 5 of those are fires being fought together with other agencies; 1 of these is a 2024 fires ~ 2 fires are out of control; Sturgeon County evacuees returning home, Boyle evacuees return home, rain is welcome as dry-conditions, risk remains high, but weather warnings aren’t rosy




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ should we all have a solar panelled roof?




 CONSTRUCTION - BUILDING SERVICES 

+ Suncor Energy Inc. in 3-month turnaround/shutdown of cokers at an upgrader site




 CORPORATE RESPONSIBILITY + ESG REPORTS 

+ Definity Financial Corporation published its annual sustainability  and public accountability statement

+ EPCOR published its 2024 Sustainability Report

+ Galiano Gold Inc. published its 2024 Sustainability Report

+ Manulife published its 2024 Sustainability Report

+ Morguard published its 2024 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 -  our new REITRag format coming soon …




 INTERESTING TRENDS: RETAIL 

 + HBC liquidation is in the home stretch – stores all closing by June 1; bids for properties, intellectual property and leases are being reviewed by the court and receiver ... extension granted, and all to be wound up by July 31st;

+ HBC to announce new owners (in 2-3 weeks) of assets; will the HBC brand live on?

 




 INTERESTING TRENDS: OFFICE 

+ Oxford/OMERS buying out CPPIB interest in Calgary-Vancouver office buildings portfolio for $1.5 billion




  SHAREHOLDER / INVESTOR MEETINGS 

+ May 14; Boralex Inc., Annual Meeting of Shareholders, Montreal

+ May 15; AutoCanada Inc., Annual and Special Meeting of Shareholders, Edmonton/virtual

+ May 15; Keyera Corp, Annual and Special Meeting of Shareholders, Calgary

+ May 15; Mattr Corp., Annual Meeting, Toronto

+ May 15; Power Corporation of Canada, Annual Meeting of Shareholders, Montreal

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

+ May 15; South Bow Corp., Annual General Meeting, Calgary

+ May 20; Clearview Resources Ltd, Annual General and Special Meeting of Shareholders, Calgary

+ May 21; Aimia Inc., Annual General Meeting of Shareholders, Toronto

+ May 21; Northland Power Inc., Annual General Meeting, Toronto

+ May 22; Consulting Engineers of Alberta, 47th Annual General Meeting, virtual only

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

+ May 29; BRP Inc., Annual and Special Meeting of Shareholders , virtual only

+ June 3; K-Bro Linen Inc., Annual General Meeting, Edmonton/virtual

+ June 4; Thomson Reuters, Annual Meeting of Shareholders, Toronto

+ June 10; Apollo Technology Capital Corporation, Annual and Special Meeting of Shareholders, Toronto

+ June 10; BTB REIT, Annual General Meeting, Montreal

+ June 11; Maple Leaf Foods Inc., Annual and Special Meeting of Shareholders, Mississauga

+ June 12; Africa Oil Corp., Annual General Meeting of Shareholders, Vancouver

+ June 17; Boat Rocker Media Inc., Special Meeting of Shareholders, Toronto

+ June 24; Cielo Waste Solutions Corp., Annual and Special Meeting, Calgary

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

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




 CHARITY + INDUSTRY GOLF EVENTS 

+ June 5;  Calgary Construction Association, Spring Golf Classic, Springbank Links, Calgary; register

+ June 19; IFMA Calgary Chapter, IFMA Open, Lynx Ridge Golf Club, Calgary; golf / sponsor

+ July 10; 23rd Annual Coast Hotels Shuhachi Naito Golf Classic, Tsawwassen Springs Golf Club, Delta, BC – registration open; email for info

+ July 17; Calgary Construction Association, Summer Golf Tournament; Springbank Links, Calgary; sponsorship

+ July 25; 10th Annual Jann Arden Charity Golf Tournament in support of Enviros, Silvertip Resort, Canmore – register – sponsors

+ Sept. 8; Rotary Stay-in-School Charity Golf Classic, Glencoe Golf & CC, sponsor / register

+ Sept. 11; CEA Golf Tournament, The Ranch Golf and Country Club, Acheson - inquire/register

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




 UPCOMING EVENTS / SAVE THE DATE 

+ May 14; Caldwell Round table – Economic and Sovereignty Crisis Webinar, register

+ May 28; Connect Canada Conference, Malaparte, Toronto – register / sponsorship details

+ June 4; Canadian Grand Prix – new products Awards Gala, Toronto Congress Centre, North Building, Toronto; tickets/register

+ June 6 – 8; THIRDACTion Film Festival – in-person, The Confluence, Calgary; tickets go on sale May 9

+ June 10 - 12; Canada Gas & LNG, BMO Centre, Stampede Park, Calgary

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

+ June 11 - 15; THIRDACTion Film Festival – online – across Canada; tickets go on sale May 9

+ June 18-19; Petrochem Optimizing Plant Operation, International Centre, Toronto; register

+ June 19; CEO of the Year Award Gala, Honouring Alexandre L’Heureaux Pres. & CEO, tickets

+ June 25-26; Canada’s Net-Zero Forum 2025; Shaw Centre, Ottawa

+ July 3; Stampede Bowl; Calgary Stampeders v. Winnipeg Blue Bombers, McMahon Stadium

+ July 3 – 6; Alcoholics Anonymous 2025 International Convention, Vancouver

+ July 4; Calgary Stampede Parade – Shania Twain, 2025 Parade Marshall

+ July 4 – 13; Calgary Stampede; info/tickets

+ July 10; Bootleggin’ Breakfast, Westin Calgary; tickets

+ July 13 – 20; 2025 Senior League Baseball Championships, Webber Athletic Park,

+ Aug. 11-14; Global Indigenous Languages Summit – WAVES 2025, Ottawa

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

+ Nov. 26-27; National Building Decarbonization Forum 2025, National Arts Centre, Ottawa; register

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


                                                                

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this site last updated May 13, 2025