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FACILITYCalgary May 27/25

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 THIS WEEK at FACILITYCalgary 

  May 21 ~ 27, 2025 


 


 U.S. Trump / TARIFF WAR WATCH ...

+ May 19 – Moody’s downgraded U.S. credit rating on US$36.0 trillion in debt

+ May 25 – Trump announced he’ll delay implementation of a 50% tariff on the UK goods till July 9




 


- 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

 
                                                                                                

 
 Sponsors of this week's issue:

 
 
 
Visit: https://falkbuilt.com/
~
E-mail: thom.hinton@falkbuilt.com
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DIGITAL COMPONENT CONSTRUCTION

 


 
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ROCKY VIEW COUNTY
Business & Economic Development

 


 
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BennettJones.com

 


 
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visit: Premiere Van Lines Calgary / www.pvlcalgary.com
e-mail:  calgary@pvlcalgary.com
 
OFFICE MOVERS

 
 


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Contact us: https://www.dmgevents.com/contact-us
 
EVENT MANAGERS

 


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CONTACT MARK KOLKE 
PROPERTY MANAGEMENT SERVICES

OFFICE AND INDUSTRIAL LEASING

RETAIL LEASING AND SALES

 
                                                                                                

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  NEWS THIS WEEK  


+ ARC Resources Ltd. acquiring a portfolio of Montney assets from Strathcona Resources Ltd. - $1.6 billion, all cash transaction

+ Canada Post service continues under the spectre of a looming strike ... tic toc

+ Canadian economy will avoid recession according to OECD report

+ CM Labs Solutions acquired AI Redefined

+ current energy prices; live links to Bloomberg energy prices / OilPrice.com / BOE INTEL ~  WTI @US$61/bbl; Brent @US$64/bbl ~

+ FACILITYCalgary, a sponsor-supported FREE weekly newsletter now in our 26th year

+ Forever Canadian initiative to counter those seeking a referendum for Albertans to consider leaving Canada – they advocate ‘No to Separation, No to 51st Statehood, and YES to Canada – awaiting approval from Elections Alberta; led by former Deputy Premier Thomas Lukaszuk – they are organizing/contact

+ Government of Alberta: Cabinet shuffle – 3 new ministers; Cabinet Committee membership appointments; shuffle in cabinet

+ Government of Canada: Throne Speech for the new Carney government, read today amid more than usual pomp and circumstance – read from the Canadian Senate Chamber by King Charles III  ~ as a unity message, a Europe and UK relationship building message to the U.S. administration and a metaphorical middle-finger pointed Trump’s way  - read the speech  ; Energy Minister Hodgson advocating for pipelines and support for the energy industry

+ G-7 Finance Ministers met in Banff .. forerunner to upcoming G-7 leaders meeting;

+ G-7 Summit will be a boon to Calgary economically ....

+ Hudson’s Bay will close all stores this Sunday, 8,347 staff will be out of work

+ Definity Financial Corporation agreed to acquire the Canadian operations of Travelers for $3.3 billion

+ InterRENT REIT agreed to sell itself to CLV Group in transaction valued at $4.0 billion; 13,435 doors

+ 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

+ NHL Stanley Cup playoffs – Edmonton Oilers only Canadian team left: they’re playing Dallas now; Oilers won tonight, lead the series 3-1; winner of the series advances to the final series

+ NRG Energy agreed to acquire LS Power for $12.0 billion

+ Oakcreek Golf & Turf LP acquired LL Johnson and Midwest Turf & Irrigation units; terms not disclosed

+ 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 10 to 566 this week; Canada: down 7 to 114 this week

+ Vemilion Energy Inc. sold it’s Saskatchewan assets for $415.0 million

+ Western Canada M&A activity/update from TrailWise Capital

+ Woodfibre  LNG project taking shape – large modules arrived on site for installation


                                                                

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SHAKERS AND MOVERS 
appointments and disappointments 

+ David Harney to Pres. & CEO @ Great West Lifeco and Canada Life

+ David Stanton to Director @ EPCOR

+ Francis Scarpaleggia, MP for Lac-Saint-Louis to Speaker of the House @ Parliament of Canada

+ Geoff Christie to Asset Mgr. @  Armco Capital

+ Mike Patterson to Gen. Mgr. @ Tolmar Pharmaceuticals Canada Inc.

+ Shawn Till to CEO @ Pinchin Ltd.

+ Tim Ostrem to Gen. Mgr. @ The Element Hotel by Westin

+ Tony Cioffie to Pres. @ Belron Canada

+ Valerie Berger to Director @ EPCOR

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

+ Algernon Pharmaceuticals Inc is on the market to raise $1.0 million in equity by private placement

+ ATCO Ltd. is on the market to raise $250.0 million in sr. unsecured debt

+ CT REIT is on the market to raise $200.0 million in sr. unsecured debt

+ Canadian Nickel Company Inc. closed a $20.0 million convertible debt raise

+ K-Bro Linen Inc. is on the market to raise $70.13 million in equity

+ Terravest Industries Inc. closed $320.76 million equity raise 




 HR Resource + Workplace Trends + HSE 

+ fears of job loss grows as recession risk rises

+ Open AI and Jony Ive are teaming up to develop ‘something new’ – but the details are sketchy; Open AI is paying US$6.5 billion to invent the next-new-thang ... and they expect to sell us 100 million of these AI focused devises ... details are more speculation than announcement, but that’s a lot of talent and capital ...

+ trends in the world of the self-employed




 TECHNOLOGY / AI Trends 

+ AI rollout – enterprise-wide at CIBC after successful pilot

+ cybersecurity regulations on the way ... what to expect??? ... BD&P report

+ Salesforce agreed to acquire Informatica for US$8.0 billion




 RISK 

+ Wildfire SWF076 – 7 km. from Swan Hills is out of control; residents ordered to evacuate – reception centre in Whitecourt; and, a wildfire in Yellowhead Country/coal branch area near Mercoal

+ wildfire risk shaking confidence in Canadian business – KPMG report




 CORPORATE RESPONSIBILITY + ESG REPORTS 

+ Boardwalk REIT published its 2024 ESG Report

+ West Fraser Timber Co. Ltd. published its 2024 Sustainability Report




 INFRASTRUCTURE + P3 

+ Bow Valley College opened its Digital Enertainment Production Hub

+ GoA announced it will fast-track a new west Calgary Catholic High School;

+ how long did it take? ... flood remediation has taken so long, and as we head into the June flood risk period, are we safer than we were in the recent horrid flood years 2005 and 2013? The Government of Alberta has published new flood maps for the Bow and Elbow Rivers now that remediation projects are completed and the diversion projects are operaioinal – the $849.0 million Springbank off-stream reservoir now in operation




 INTERESTING TRENDS: RETAIL 

+ HBC leases – 5 to Primaris REIT, 28 to Weihong (Ruby) Liu ...

+ Hudson’s Bay will close all stores this Sunday, 8,347 staff will be out of work




 INTERESTING TRENDS: MULTI-RES + HOTEL 

+ The Element by Westin to open in west end of downtown core of Calgary; office building conversion by PBA ... 226 keys




 REITs + TRUST NEWS 

+ InterRENT REIT agreed to sell itself to CLV Group for $4.0 billion; 13,435 doors

+ 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 …




  SHAREHOLDER / INVESTOR MEETINGS 

+ 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; Dollarama Inc., Annual General Shareholders Meeting, Montreal/virtual

+ 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 13; Pizza Pizza Royalty Corp. Annual General Meeting, Toronto

+ June 16; MediPharm Labs, Annual & Special Meeting of Shareholders, Toronto/virtual

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

+ June 18; Invesque Inc., Annual and Special Meeting of Shareholders, Toronto

+ June 20; Africa Energy Corp., Annual General and Special Meeting of Shareholders, Vancouver

+ 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 – golf / sponsor

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




 UPCOMING EVENTS / SAVE THE DATE 

+ 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; Transition Accelerator webinar – Can we afford to ignore solar geoengineering; register

+ 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 15-17; G-7 Leaders’ Summit, Kananaskis

+ June 17; Boralex Inc., Investor Day and 2030 Strategy, Montreal/virtual

+ 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 23; Alberta MLA by-elections: Edmonton-Ellerslie, Edmonton-Strathcona, and Olds-Didsbury-Three Hills [ writs issued / orders in council ]

+ 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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Unless otherwise noted, everything on this website is Copyright  Protected - © 1999 - 2025 - Mark Kolke, Publisher / MaxComm  Communications/Waterglass Press, units of PLANDflex Corporation, all rights reserved.


Our mailing address is: 6204B Burbank Road SE, Calgary, T2H 2C2, Canada

this site last updated May 27, 2025