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FACILITYCalgary May 6/25

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 THIS WEEK - NEWS SUMMARY 

  October 9 ~ 15, 2024 


 


 QUOTES 

+ It is not the answer that enlightens, but the question. - Eugene Ionesco

+ If you cannot do great things, do small things in a great way. - Napoleon Hill


 


 KUDOS 

+ to Geoffrey Hinton awarded Nobel Prize in Physics

 
                                                                                                    

                                                                                                    

- 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

                                                                                                    

Your donation to iGIFTsight.ca helps poor kids see (YES, Canadian kids) - I've taken on a role with this very worthy work - a Calgary based charity with a national plan. I'm not asking anyone to switch the charities you support - and I'm asking you to add this one. Your money goes a long way. For instance, a $75.00 donation puts glasses on the faces of five kids who can't see the board. How can we do that?  Parntnerships, relationships, suppliers and creativity, volunteers and trust.

Mark Kolke, VP Fund Development, i GIFT sight

A message from FACILITYCalgary publisher Mark Kolke.
We are pleased to celebrate our relationship with iGIFTsight - a Calgary-based Canadian charity with a Canada-wide mission; if you've not heard about iGIFTsight, we urge you to invest a few moments of your time - click on a link to the site. You'll learn there is an unmet need for vision service in our communities. Getting eye exams, treatment, glasses and other corrective actions is something most of us take for granted as something we have funds or a benefit program, or that services are available where we live. This is made worse when families are already stretched so very far. If you can help, please consider helping in any that you can.

 
DONATION INFO/OPTIONS

 
                                                                                                    

 Sponsors of this week's issue:

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

 


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

 


 
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BennettJones.com

 


 
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ROCKY VIEW COUNTY
Business & Economic Development

 


 
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CONTACT MARK KOLKE 
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  Key items you won't want to miss in this week's issue 


Don’t miss these items and many more:

+ Alberta nuclear??

+ Greenline is faint … but not as faint as last week

+ TD lax and knew it; kept napping – agreed to US$3.0 billion fine 




  NEWS THIS WEEK  


+ Air Canada pilots ratify contract; recent strike averted

+ A&W Royalties Income Fund got unitholder and court approval for its combination transaction with A&W Food Services

+ Calgary Public Library locations closed due to cyberattack – reopening on Wednesday

+ City of Calgary – water main breaks, again, in Bowness – but not related to June break

+ City of Calgary – Green line tragic/comedy/stupdity … announcements of ‘on-again’, further south , as City of Calgary and GoA play politics, and ‘other rail’ projects seem to be at play in the background with UCP support, so maybe we’ll get what the Premier wants and Calgarians will pay the costs which appear to be high whether they stop, start, restart, change direction. The downtown portion of the Green line will be underground/surface/elevated but it’s not tunnel vision – it just looks that way.

+ current energy prices; live links to Bloomberg energy prices / OilPrice.com / BOE INTEL ~  WTI @ US$70/bbl; Brent @ US$73/bbl – mideast tensions, dim China economic outlook, and OPEC has slashed its forecast

+ fire season 2024: 52 fires remain active – all have ‘being held’ or ‘under control’ status

+ fire season 2024 cont’d: Jasper recovery progress is chugging along, Jasper National Park rebuilding plans

+ FACILITYCalgary, a sponsor-supported FREE weekly newsletter; ‘send time’ is early every Tuesday

+ Government of Canada – national Pharmacare Act passed in the Senate and got Royal Ascent

+ Maple Leaf Foods Inc. announced branding of their separated pork business: Canada Packers Inc.

+ markets closed yesterday: Thanksgiving holiday in Canada, Columbus Day in the United States

+ Mayoralty race watch – Calgary’s election is a year away: Gondek undecided on running again, Jeff Davison declared,

+ MONDAY MORNING MINUTE - a weekly inspiration message and a selected quote in your inbox weekly; check out the new format; click here to sign up ;  click here for this week’s posting

+ Nuclear? In Alberta? Again? … readers might recall a few years ago Wayne Henuset wanted to build  a nuclear power facility in Alberta; TC Energy’s sub. Bruce Power bought the proposed project and killed it; now, the son of Wayne, Scott Henuset, CEO of Energy Alberta is talking up a plan for five (5) CANDU reactors is NW Alberta … tic toc

+ Odgers Berndston merging its Canadian and U.S. operations

+ 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: up 1 to 586 this week; Canada: down 4 to 223 this week

+ RSM US LLP and RSM UK merging – forming global integrated firm

+ TD Bank woes continue; for having inadequate procedures to prevent money-laundering in it’s U.S. subsidiary operations – consented to a US$3.0 billion fine for extremely lax processes and allowing criminals to launder funds easily with knowledge of bank employees ... - the TD press release sings a guilty-light version of the same matter ...




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SHAKERS AND MOVERS 
appointments and disappointments 

+ Angela Bekanich to Pres. & CEO @ Cosmetica Laboratories Inc.

+ Azim Lalani to Board Chair @ UBC Investment Management Inc.

+ Bruce Edgelow to Board Chair @ Carya

+ Byron Nodwell to Exec. Dir. @ Longshore Resources Ltd.

+ Chris Seasons to Board Chair @ Longshore Resources Ltd.

+ Cleidy Liborio Fernandes to Chief Commercial Officer @ Logistec

+ Estelle Metayer, Director @ BRP Inc.

+ Firas Al Osman to Chief Digital Officer @ Air Canada

+ Hamed Ghanei to Chief Business Officer @ Cipher Pharmaceuticals Inc.

+ Jason Parravano to Pres. & CEO @ Plaza Retail REIT

+ Kent Edney to Chief Administrative Officer @ City of Chestermere

+ Matt Hull to Director @ Sabio Inc.

+ Nadine Ahn to Deputy CFO @ Canaccord  Genuity Group Inc.

+ Paul Swanston to CFO @ Strike Group LP

+ Stephanie Tsui to Chief Sustainability Officer @ Genus Capital Management Inc.

+ Terri-lee Weeks to Pres. & CEO, Tangerine @ Scotiabank

+ Tyson Huska to Pres. & CEO @ Longshore Resources Ltd. 

~ 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 

+ June Kerrison; legendary Edmonton retail magician, buyer/merchant  - June’s House of Fashion; 85




 HR Resource + Workplace Trends + HSE 

+ hybrid hazard - together-alone

+ law firms designing for future-proofing their offices

+ TRUST – key to the engaged workplace




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Americas Gold and Silver Corporation is on the market to raise $45.0 million equity raise

+ ClimateTech Fund closed an $80.0 million equity raise

+ Crombie REIT is on the market to raise $300.0 million in unsecured debt

+ Foran Mining Corporation secured a US$250.0 million credit facility

+ Kits Eyecare Ltd. closed $1.7128 million over-allotment of its recent equity raise

+ Moselle closed a $2.1 million funding raise

+ Obsidian Energy Ltd. secured a $300.0 million credit facility

+ Perimeter Medical Imaging AI Inc. closed an $11.8923 million equity raise by private placement

+ Pieridae Energy Limited closed a $29.0 million equity raise by a rights offering




 The FUNNY  

+ Canadian street names are popular – in Germany, in California




 TECHNOLOGY / AI Trends 

+ AI ‘agents’ are ~ needed, paying off, or marketing hype?

+ October is Cyber Security Awareness Month - according to an IBM 2024 breach report, the average cost of a singular cyber incident in Canada was $6.6M in 2023, an increase of 10% from 2022.




 RISK 

+ August flooding in GTA caused over $100 million insured damage

+ the future of fraud – AI seen as major concern by small business owners

+ summer 2024 shatters records -  over $7.0 billion in insured losses

+ third quarter updated catastrophic loss estimate published by Intact Financial Corporation




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ ATCO Community Energy Fund support for 12 organizations

+ offshore carbon capture news – Exxon Mobil secured 271,000 acres in Gulf of Mexico/Tesas state waters, for offshore carbon dioxide (CO2) capture operation




 CONSTRUCTION + BUILDING SERVICES NEWS 

+ Heidelberg Materials acquired 25% of Envicore Inc; process to repurpose waste into concrete

+ Victoria Park/Stampede LRT station project complete; $128 million project ribbon cutting




 CORPORATE RESPONSIBILITY + ESG REPORTS 

+ Allied Properties REIT sets emissions reductions target




 INFRASTRUCTURE + P3 

+ Federal and Provincial funding for upgrades for public buildings in Alberta




 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




 INTERESTING TRENDS/NEWS: RETAIL 

+ A&W Royalties Income Fund got court approval for its combination transaction with A&W Food Services




 INTERESTING TRENDS: OFFICE / MULTI-RES 

 


  SHAREHOLDER / INVESTOR MEETINGS 

+ Oct. 18; Crown Capital Partners Inc., Debentureholder Meeting, Calgary

+ Oct. 23; NEI Investments, Unitholder Meeting, Toronto

+ Oct. 29; Falcon Oil & Gas Ltd., Special Meeting of Shareholders, Dublin

+ Nov. 6; April Therapeutics Inc., Special Meeting of Shareholders, Halifax

+ Nov. 13; Waverunner Capital Inc., Annual General and Special Meeting, Vancouver

+ Dec. 10; Dye & Durham Limited, Special Meeting of Shareholders, Toronto

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

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




 CHARITY GOLF EVENTS 

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




 UPCOMING EVENTS / SAVE THE DATE 

+ Oct. 16-17; Canada’s Productivity Summit, University of Calgary, School of Public Policy, BMO Centre, Stampede Park, Calgary; info/register

+ Oct. 17-18; Canadian Bar Association, Insolvency Law Conference, Banff; register / agenda

+ Oct. 20-24; Greenhouse Gas Control Technologies Conference (GHGT), Telus Convention Centre, Calgary – info / register

+ Oct. 24; The Fraser Institute Founders’ Award Dinner – honoring Jon Love, Fairmont Royal York, Toronto; info/tickets

+ Oct. 19; Calgary Real Estate Forum, TELUS Convention Centre; register

+ Oct. 28-29; Decentralized Energy Forum 2024, Whistler; register

+ Oct. 30; ESG Summit, Canada; Arcadian Court Toronto/virtual - info/register

+ Nov. 5-6; 2024 Smart Energy Vancouver, Vancouver – save the date;

+ Nov. 5-6; 2024 Canadian Aerospace Summit, Shaw Centre, Ottawa; info/register

+ Nov. 8; Calgary Construction Association - 80th Anniversary Gala, Westin Calgary; tickets

+ Nov. 12 & 13; HR Leaders Summit Canada, The International Centre, Toronto, register

+ Nov. 15; Classroom Champions, Concert for Classrooms with Barney Bentall & The Cariboo Express; Bella Concert Hall, Calgary – tickets on sale now

+ Nov. 21-22; Consulting Engineers of Alberta – Young Professionals Conference, Kananaskis Mountain Lodge; registration

+ Dec. 4-5; Real Estate Forum, Metro Toronto Convention Centre; Toronto; register

2025

+ Jan. 7-10; CES 2025 (Consumer Electronics Show, register

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

[ 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.


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this site last updated May 6, 2025