+ Alastair Hughes to Director @ QuadReal Property Group

+ Aline Barker to Broker @ I.D.C. Insurance Canada Direct Inc.

+ Amr Al Menhali to Non-Exec. Director @ SDX Energy Plc

+ Annie Cuerrier to Director, Enterprise Crisis Management @ Scotiabank

+ Carrie Russell to Pres. & Gen. Mgr. @ Equifax Canada

+ Christina Felice to Marketing & Events Mgr., Eau Claire District @ Oxford Properties Group

+ Craig Richmond, Pres. & CEO @ Vancouver Airport Authority, retiring

+ Dan Munkittrick to VP Bus. Dev., Canada East @ Levvel Inc.

+ Deeter Schurig to Pres. & CEO @ eSpace

+ Don Friesen, Director @ Hemostemix Inc., resigned

+ Duane Monea to Administrator @ Real Estate Council of Alberta (RECA)

+ Elif Levesque to Director @ Cascades

+ Erica Lau to CEO & Lead Portfolio Mgr. @ North Growth Management Ltd.

+ Gale Rubenstein to Chair @ University Pension Plan Ontario

+ Jeff Newman to Strategic Account Mgr. @ ECL Group of Companies

+ Jill Taylor, Chair @ Alberta Review Board

+ Jodi Guthrie to Director of Sales, North America @ Sharc International Systems Inc.

+ Kate Cheney to President Elect @ Canadian Society of Professional Event Planners

+ Melanie Dunn to Director @ Cascades

+ Michael Missaghie to Trustee @ Inovalis REIT

+ Nelson Gentiletti to Director @ Cascades

+ Peter Goudron to Pres. & CEO @ Parq Vancouver

+ Roger Renaud to Director @ AIMCo

+ Roy Whitney to Chief @ Tsuut'ina Nation 

+ Tom Stachiw to Portfolio Manager @ Matco Financial Inc.

~

 [send us your appointment notices  kolke@facilitycalgary.com ]

+ Donald Erdmann, founder of Architectural Clearing House; 74

+ John Ayre, Pres. @ Ayre & Oxford Inc.; 69

+ over 86% of job seekers say workforce diversity if a factor

+ turnover is not tech’s problem

+ Alibaba is on the market to raise US$12.9 billion on the Hong Kong market

+ eBay selling its ticketing unit to StubHub for US$4.05 billion

+ PayFacto Inc. agreed to acquire Posera Ltd. for $14.5 million

+ PayPal is paying US$4.0 billion to acquire Honey

+ Dec. 2; Boyd Group Income Fund, Special Meeting of Unitholders, Winnipeg

+ Dec. 5; iAnthus Capital Holdings, Annual General & Special Meeting of Shareholders, Toronto

+ Dec. 10; First Capital Realty Inc., Special Meeting of Shareholders, Toronto

+ Dec. 12; Firm Capital American Realty Partners Corp., Special Meeting of Shareholders, Toronto

+ Dec. 16; Vecima Networks, Annual General Meeting of Shareholders, Victoria

+ Dec. 18; Pengrowth Energy Corporation, Meetings of Shareholders and Secured Debtholders, Calgary

+ Jan. 9; NAV Canada, Annual Meeting, Ottawa

+ Jan. 24; Aimia Inc., Special Meeting of Shareholders, Montreal

+ Mar. 21; Arrow Exploration Corp., Annual General and Special Meeting, Calgary

~

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

+ Courage doesn’t always roar. Sometimes courage is the little voice at the end of the day that says I’ll try again tomorrow. – Mary Anne Radmacher

+ If you think in terms of a year, plant a seed; if in terms of ten years, plant trees; if in terms of 100 years, teach the people. – Confucius

FACILITYCalgary FREE

 weekly newsletter

Est. July, 1999

HEADLINES: CBE staff cuts | CN rail strike | Federated Co-op shutting | LVMH buying Tiffany | Schwab buying Ameritrade | Winnipeg wins Grey Cup + Rex Murphy interview of Jason Kenny + deals + rig counts + upcoming events, appointments + REIT NEWS + financings

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FACILITYCalgary FREE

+ a warm welcome and thanks to our newest advertiser/sponsor, Levvel.ca – previously known as iugoWerx, founded in 2015, rebranded as Levvel in April, 2019

+ Calgary Board of Education announced reduction of staff; 300 teachers jobs on the line; Education Minister LaGrange ordering an audit and alleging mismanagement at CBE … tic toc

+ CN Rail – strike; 3,000 workers on strike after breakdown in contract negotiations – and this strike continues, delaying grain shipments, propane supply to Quebec, potash exports and putting pressure on many other commodity-by-rail movements; trucking companies don’t seem to mind …

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude holding steady on shaky confidence of a China-U.S. trade deal; meanwhile, natural gas futures on the rise based on December weather forecasts

+ Federated Co-operatives laying off staff; closing its Calgary facility in April/2020; 200 job losses expected

+ GOA; Premier Kenney met with Deputy Prime Minister Freeland – pressing her on a Trans Mountain Expansion start-date, revisiting equalization payments, and federal government support for jobs and economic stimulus … tic toc

+ GOA is opening a trade office in Houston

+ MEG Energy Corp. announced its 2020CapEx Budget is $250.0 million

+ Parkland Fuel Corporation agreed to acquired Mort Distributing Inc., terms not disclosed

+ PetroShale Inc. announced its 2020CapEx Budget is $70.0 million

+ Prime Minister Trudeau announced his cabinet

+ Rex Murphy’s post-election discussion with Jason Kenny (44 minute recording)

+ rig activity in Canada

+ rig counts (active/working) – U.S.: down 3 to 803 this week; Canada: up 3 to 137 this week; full breakdown

+ Seaspan Corporation is establishing Atlas Corp, which has agreed to acquired APR Energy Limited for $750.0 million

+ The Charles Schwab Corporation agreed to acquire TD Ameritrade Holding Corporation for US$26.0 billiion; TD will convert its 40% holding in Ameritrade to 13.4% stake in Schwab …

+ Torstar, operator of StarMetro papers is shutting down in five cities, including Calgary, on Dec. 20

+ Winnipeg Blue Bombers won the 107^th Grey Cup, played in Calgary – defeating Hamilton Tiger Cats (Oskee Wee Wee) 33 – 12 – a great game and wonderful event staged my Calgary’s awesome volunteers!

+ Women’s Executive Network named its 100 Canada’s Most Powerful Women for 2019; congratulations to Calgary’s Jenn Lofgren one of this year’s Top 100

+ DHX Media Ltd. closed $62.5 million equity raise

+ Firm Capital Property Trust closed $6.0 million equity raise by private placement

+ First National Financial Corporation closed $200.0 million unsecured sr. debt financing

+ International Frontier Resources Corporation is on the market to raise $695,000.0 by a rights offering

+ Minto Apartment REIT closed $244.6 million equity financing

+ Morguard Corporation is on the market to raise $225.0 million sr. unsecured debt

+ Park Lawn Corporation secured $250.0 million credit facility

+ Pond Technologies Holdings Inc. closed $2.0 million secured convertible debt financing

+ Telesat Canada is on the market to raise US$400.0 million in secured sr. debt

~

*editor’s note: names companies involved in debt financing transactions we report in this section are ALWAYS the borrower; we report ‘fresh raises’ and do not report secondary offerings …

+ Apple broke ground on their US$1.0 billion/33-acre campus in Austin; 3 million sq. ft. project to pen in 2022

+ in Vancouver’s former post office, QuadReal are underway with their redevelopment project ‘The Post’; check out the photos

+ Ontario concerned about industry capacity to handle $28.5 billion transit expansion

+ Canadian Pacific and Fortress Transportation agreed to acquire the Central Maine & Quebec Railway; terms not disclosed

+ GFL Environmental Inc. acquired AGI group (Ground Force Environmental, Robert Cooke Trucking and WasteAway Recycling Environmental)

+ in Toronto … Dori is back!  Dori Segal (40%) working on a JV with Gazit Globe (60%) to buy and manage mixed-use Canadian properties with a primary focus on Toronto

+ Lowe’s Canada announced closure of 34 underperforming stores across the country; 2 in Calgary, 1 in Airdrie

+ LVMH Moet Hennessy Louis Vitton is concluding negotiations to acquire Tiffany & Co.~ now a deal seems imminent at US$16.2 billion

+ London’s largest co-working space to open in 2020; 150,000 sq. ft.

+ CAP REIT completes its $33.3 million acquisition of 121 suite building in Boisbriand (Montreal suburb)

+ Firm Capital Property Trust closed $6.0 million equity raise by private placement

+ Michael Missaghie to Trustee @ Inovalis REIT

+ Minto Apartment REIT closed $244.6 million equity financing

+ True North Commercial REIT agreed to acquired 368,800 sq. ft. class A office complex in Markham, ON for $76.57 million

+ to Pembina Pipeline Corporation – stepping in with shipments of propane from its Redwater facilty to Quebec to help with shortages caused by CN Rail strike … now THAT is a national unity action worth applauding

+ Calgary Dinos Football team – they won the Vanier Cup on Saturday, defeating the Montreal Carabins in Quebec City; and to Adam Sinagra who won the MVP trophy