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FACILITYCalgary May 6/25

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Alain Bergeron to Exec. VP & Chief Investment Officers @ iA Financial Group

+ Alida Visbach, Pres. & CEO @ Heritage Park Society, retiring

+ Beverly Yee to Board Chair @ Alberta Energy Regulator

+ Brendan McCracken to Exec. VP Corp. Dev. & External Relations @ Encana Corporation

+ Bruno Keller to Pres. @ Kraft Heinz Canada

+ Carol Kitchen to VP Energy and Logistics @ Growmark Inc.

+ Casey Richards to Sr. VP, Marketing & Innovation @ Maple Leaf Foods Inc.

+ Catriona Le May Doan to Pres. & CEO @ Sport Calgary

+ Coltier Crierie to HR Generalist @ Startec Compression & Process

+ Daryl Sands, Exec. VP & CFO @ Stuart Olson Inc., left the company

+ David Bailes to National Account Mgr. @ ADT Security Services Canada

+ David Benson to VP @ Sport Calgary

+ David Goldie to Director @ Alberta Energy Regulator

+ Dean Beacon to Interim CFO @ Stuart Olson Inc.

+ Dexton Blackstock to Managing Dir., Head of Canadian Bus. Dev. @ SEI Investments Canada Company

+ François Joseph Poirier to VP Business Development @ SSQ Insurance

+ George Van Noten to COO @ Minto Apartment REIT

+ Georgette Habib to Director @ Alberta Energy Regulator

+ Glen MacMullin to Chief Investment Officers @ Minto Apartment REIT

+ Grant Sprague to Director @ Alberta Energy Regulator

+ Greg Givens to COO @ Encana Corporation

+ Irv Witte to VP, 5G Program @ TeraGo

+ James Brown to Pres., Smart Process Industries @ Universal mCloud Corp.

+ Jennifer Maki to Director @ Baytex Energy Corp.

+ John Csaszar to Canadian Equity Portfolio Mgr. @ SEI Investments Company

+ John Young to Director @ The Caldwell Partners International Inc.

+ Joseph Fernandez to Acting Exec. Dir. @ Real Estate Council of Alberta (RECA)

+ Kenric Tyghe to Managing Dir., Consumer & Retail @ AltaCorp Capital Inc.

+ Léo Grépin to Pres, Sun Life Asia @ Sun Life Financial Inc.

+ Martine Daraiche to Pres. @ NATIONAL Public Relations

+ Massimo Bergamini, Pres. & CEO @ National Airlines Council of Canada, resigned

+ Michael McAllister to Pres. @ Encana Corporation

+ Michael Quigley to Exec. VP & Head of Institutional Markets @ Fiera Capital Corporation

+ Mike Stickney to Exec. VP & Chief Growth Officer @ iA Financial Group

+ Miranda Fisher to HR Generalist @ Kinder Morgan Inc.

+ Murray Sigler to Executive Advisor @ Sport Calgary

+ Nicholas Bell to Pres. & CEO @ Glenbow Museum

+ Nick Cristiano, CFO & Corp. Secretary @ Hyduke Energy Services Inc., resigned

+ Ola Malik to Pres, Alberta Branch @ The Canadian Bar Association

+ Patrick Kelly to Dir., Solutions Business Development @ Universal mCloud Corp.

+ Prince Abdulaziz to Energy Minister @ Kingdom of Saudi Arabia

+ Rick Headrick to Pres., Canada @ Capital Group

+ Rob Peters, Director @ Big Rock Brewery Inc., resigned

+ Robert Burchett to Controller @ SPoT Coffee (Canada) Ltd.

+ Sandra Turgeon to VP @ Pacesetter Homes

+ Sherri Brillon to Director @ Alberta Energy Regulator

+ Stacy Mowbray to Director @ Sleep Country Canada Holdings Inc.

+ Stephanie Terrill to National Leader, Management Consulting @ KPMG

~

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




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ Canada’s 25 hottest startups

+ Inter Pipeline Ltd. investing $580,000.0 in Women Building Futures Journeyman Start program for employment in Alberta’s Heartland area

+ The Future of Work is Human – 2019 International Employee Survey Report/32 page PDF download

+ workplace financial stress costs the Canadian economy $16 billion annually – so cut it out, eh!




 KUDOS 

+ to Bianca Andreescu, winning the U.S. Open Women’s Championship – a first for her, a first for a Canadian and a testament to grit and hard work – congratulations!

+ to Shaw Classic organizers and volunteers – and to Wes Short Jr. who won the PGA Champions Tour event - $200,000.0 for Calgary children’s charities!




 SAVE THE DATE / upcoming events

+  Sept. 9-11; BOMEX 2019, St. John’s, Nfld.; info/sponsor/register

+ Sept. 14; Cerebral Palsy Association, Life Without Limits Challenge, Rotary Challenger Park, Calgary; info/register

+ Sept. 16; PSAC’s: Canadian Energy: The New Competitive Landscape; Calgary Petroleum Club; info/register

+ Sept. 17; Networking 2.0 Public Session 2019, Hotel Blackfoot, Calgary; info/register

_ Sept. 17-19; Gastech Exhibition & Conference, Houston, Texas; info/registration

+ Sept. 17-19; Canadian Association of Professional Landmen (CAPL), 2019 Conference, Calgary; info/register

+ Sept. 19; Uncorking Potential fundraiser (formerly known as the Peter Gzowski Invitational) for canLEARN Society, Fort Calgary, Calgary; info/tickets

+ Sept. 23-26; 2019 IREM Global Summit, Hilton Union Square, San Francisco; info/register

+ Sept. 25-26; Artificial Lift & Production Optimization, Western Canada 2019, Blackfoot Inn, Calgary; info/register

+ Sept. 25-26; Waterpower Canada Conference, Montreal; info/register

+ Sept. 26-27; Dare To Lead/Jenn Lofgren; Grand Theatre, Calgary; info/register

+ Oct. 1; Workforce Choice Awards, Jack Singer Concert Hall, Calgary; info/tickets

+ Oct. 3; Reins of Responsibility, Shriner’s Fez Dome, Calgary; info/register - ** editor’s note: I’ve taken this program – it’s about horses, HR leadership and serious naval-gazing; I highly recommend Nancy Lowery’s signature event …

+ Oct. 9; Energy Council’s 2019 Energy Person of the Year Award Dinner, Westin Hotel, Calgary; sponsor info/tickets

+ Oct. 17-18; 10th Annual Connect Event / United Way of Calgary and Area, Carriage House Inn, Calgary; info/register

+ Oct. 19; Western Canada High – Class of ’69, 50 YEAR REUNION, Glencoe Club, Calgary; info/register

+ Oct. 21; tentative date, Federal Election – everywhere; Elections Canada are recommending staying with this date even though it conflicts with Shemini Atzeret Jewish holiday … tic toc

+ Oct. 21-25; Forests of Opportunity, 2019 SFI Annual Conference, Richmond, VA; info/register

+ Oct. 23-25; National Privacy & Data Governance Congress 2019, Privacy & Access Council of Canada, Carriage House Inn, Calgary; info/register

+ Oct. 25; Womanition – 2019 Leadership Conference, Ramada Calgary Airport Hotel & Conference Centre; info/register

+ Nov. 1; Stantec presents the 5th Annual Peter Burgener Memorial Charity Concert, Barney Bentall and The Cariboo Express in support of Classroom Champions, Bella Concert Hall at MRU, Calgary … save the date; register for RSVP Invitations

 + Nov. 6; Calgary Real Estate Forum, TELUS Convention Centre; info/register

+ Nov. 11; ADIPEC – Abu Dhabi International Exhibition and Conference; info/book space in Canada pavilion

+ Nov. 19-21; ISSA Show North America 2019, Las Vegas, NV; info/register

+ Nov. 20-24; 2019 Grey Cup Festival; tickets/information


[send your event notices to:  kolke@facilitycalgary.com ]



 SHAREHOLDER MEETINGS

+ Sept. 12; Empire Company Limited, Annual General Meeting of Shareholders, New Glasgow, NS

+ Sept. 17; Calgary Council of Voluntary Organizations (CCVO), Annual General Meeting, Calgary

+ Sept. 18; Pure Multi-Family REIT LP, Special Meeting of Unitholders, Vancouver

+ Sept. 24; Calgary Philharmonic Orchestra, Annual General Meeting, Calgary

+ Oct. 3; Great-West Life Assurance Company, London Life Insurance Company and Canada Life et al, Special Meeting to approve amalgamation, Winnipeg

~

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




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 weekly newsletter

Est. July, 1999




 TODAY'S HEADLINES


HEADLINES: Alberta ‘MacKinnon Panel’ report | AER board shakeup | Brandt buys Nortrax | Calgary 5th most livable | Suncor $1.4 billion co-gen | TransMountain court ruling + deals + rig counts + upcoming events, appointments, Golf Tournaments + REIT NEWS + financings




CONVERSATIONS

Stay tuned for some great interviews coming soon:
- Dan Elrod, President @ Wallace & Carey Inc. - running Sept. 17th
- Marcello Di Cintio - two time W. O. Mitchell Book Prize winner - running Sept. 24th 


A recent conversation with Jerilyn Dressler, Exec. Director @ Calgary Distress Centre

A recent conversation with Denise Baril, Founder/Pres. @ Workplace Speaker Network

Click here to access the archive: archived conversations with fascinating Calgarians ...



 sponsors of this week's issue:

e-mail Grant Robinson, Managing Director, Calgary
 
RISK & INSURANCE SOLUTIONS



CONTACT US
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OFFICE AND INDUSTRIAL LEASING



CLICK HERE TO GET MARK'S HOME SEARCH APP FOR YOUR MOBILE PHONE - search any MLS listing you see, get information and/or book a showing without making a call - check it out! It's new and aVERY cool tool.

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 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Oxford Properties announced it will install 1.0 million sq. ft. of rooftop solar panels atop retail and industrial properties in North America by 2022

+ this one is for the ‘you’ve got to be kidding/drop in the bucket’ department; Mr. Trudeau’s Western Economic Diversification Canada is ‘helping’ communities in Alberta disadvantaged by transition from coal to natural gas-fired power generation; dubbed a ‘just and fair coal energy transition’, the helping hand is offering $693,500 to Hanna, $2,739,917 to The County of Paintearth and $200,000 to the United Steel Workers; Minister Navdeep Bains ought to be embarrassed but the likely won’t win any seats here so it isn’t the same as helping car manufacturing communities in Ontario or cod-fishin’ in the Maritimes.

+ Suncor Energy Inc. announced it will invest $1.4 billion to replace its coke-fired cogeneration units at its Base Plant that will provide steam generation to produce 800MW of supply into the grid, representing 8% of Alberta’s demand




 QUOTES 

+ Find out where the people are going and buy the land before they get there. – William Penn Adair

+ Apologies don’t mean anything if you keep doing what you’re sorry for. – unknown




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




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NEWS SUMMARY 
 September 3 ~ 10 


+ Alberta government’s Blue Ribbon ‘MacKinnon panel’ on Alberta’s finances reports, Quelle surprise, reported we have an overspending problem and made 26 recommendations …

+ Alberta Energy Regulator (AER) shakeup; GOA replaced board with 5 interim board appointments to run for 9 months while the government reviews AER’s structure and role

+ back to school – so slow down, DRIVE A LITTLE SLOWER PLEASE … my grandchildren are out there

+ Bank of Canada held steady; kept its benchmark rate at 1.75% notwithstanding market pressures to cut rates

+ Brandt Group of Companies acquired Nortrax Canada Inc. and Nortrax Quebec Inc.; Brandt is now coast to coast dealer (56 stores) for John Deere Construction & Forestry dealerships

+ Calgary’s ranking by The Economist – determining the most livable cities in the world – dropped this year to fifth from fourth last year out of 140 cities scored …

+ Cuda Oil and Gas Inc. closed the sale of its Quebec assets for $10.59 million

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices remain soft as trade-war pressures dim outlook for demand; western Canada inventories down a little, crude prices up a little

+ Dalmac Energy Inc. closed the sale of its Fox Creek Tank Farm

+ Exxon Mobil reported to have agreed to sell its oil & gas business in Norway for US$4.0 billion

+ GFL Environmental Inc. acquired Windsor Disposal Services Group; terms not disclosed

+ Noralta Technologies Inc. acquired WellKeeper Inc.; terms not disclosed

+ Obsidian Energy Ltd. initiated a strategic alternatives review process

+ Parkland Fuel Corporation agreed to acquire Tropic Oil Company Inc.; terms not disclosed

+ Repsol SA is reported to be in negotiations to acquire a portfolio of U.S. Gulf of Mexico deepwater assets from Exxon Mobil Corp. for US$1.0 billion

+ rig activity in Canada

+ rig counts (active/working) – U.S.: down 6 to 898 this week; Canada: down 3 to 147 this week; full breakdown

+ Saudi Arabia replaced its Energy Minister; he commits to continuing with output cuts… tic toc

+ Suncor Energy Inc. announced it will invest $1.4 billion to replace its coke-fired cogeneration units at its Base Plant that will provide steam generation to produce 800MW of supply into the grid, representing 8% of Alberta’s demand

+ The Raber Mattuck Group in Vancouver joined Grant Thornton LLP

+ Trans Mountain Pipeline Expansion ~ legal wrangles continue; the Federal Court of Appeal had 12 requests for ‘leave to appeal’; details of the ruling and some reasons in a 33 page PDF download: 6 were denied, 6 granted to leave to appeal – and you have to wonder, as the judge did, why the Government of Canada, owner of the pipeline, did not oppose any of these applications. Senator Doug Black said it well in his letter to the Justice Minister

+ WSP Global Inc. acquired Danish firm Orbicon A/A




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Agrios Global Holdings Ltd. closed $8.113 million first tranche of convertible credit facility

+ Algernon Pharmaceuticals Inc. is on the market to raise $2.5 million in equity

+ Aurora Cannabis secured $360.0 million syndicated credit facility

+ Bank of Montreal is on the market to raise $1.0 billion in subordinated debt

+ Bell Canada is on the market to raise $550.0 million in debt financing

+ DelphX Capital Markets Inc. closed $1,623,300.0 equity financing

+ DelphX Capital Markets Inc. closed $620,000.0 convertible debt financing

+ Northland Power Inc. is on the market to raise $315.0 million in equity

+ PayBright closed $34.0 million equity financing

+ Pembina Pipeline Corporation is on the market to raise $1.5 billion in sr. unsecured debt

+ Restaurant Brands International Inc. is on the market to raise $500.0 million in sr. secured debt financing

+ SpeakEasy Cannabis Club Ltd. is on the market to raise $2.0 million in equity by private placement

+ Talisker Resources Ltd. closed $4.159 million final tranche of an equity financing by private placement

+ Trisura Group Ltd. is on the market to raise $40.0 million in equity

+ Trisura Group Ltd. is on the market to raise $12.0 million in equity by private placement

~

*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 …




 INFRASTRUCTURE / P3  


+ Government of BC is going forward with a Burnaby Hospital project; $1.3 billion project will upgrade and redevelop the project – two towers to be included; completion by 2027

+ Northland Power Inc. agreed to acquire the Colombian regulated utility Empresa de Energía de Boyacá for $1.05 billion




 CONSTRUCTION NEWS + INNOVATION 

+ designed for life in space; seriously, show homes soon on the Moon and Mars …

+ HOK focusing on design for those who are ‘differently-abled’ …

+ put some weed in your cement – save the planet!




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ in Edmonton, Imperial Equities Inc. sold its Ashworth Building property; terms not disclosed

+ in New Jersey, ‘The American Dream’ 3,0 million sq. ft. mall complex is set to open October 15th in the Meadowlands area; developed by Edmonton’s Triple 5 Group

+ in Phoenix, The Blackstone Group sold the 396.0 acre /950-key JW Marriot Desert Ridge Resort & Spa to a JV of Trinity and Elliott Management Corp.s’ fund – for US$602.0 million

+ Regional Group acquired Hazeldean Mall in Kanata, ON from BentallGreenOak; terms not disclosed




 INTERESTING TRENDS IN RETAIL 


+ Chick-fil-A opened its first Toronto outlet in Toronto; company says it intends to open 15 stores in Toronto within the next five years; previously the chain had two outlets (they closed) in Calgary

+ The Brick opened in West Edmonton Mall, occupying the former/vacant Sears store




 INTERESTING TRENDS IN INDUSTRIAL + LOGISTICS REAL ESTATE ... 


+ CPPIB invested US$115.0 million to acquire an equity interest in Delhivery Pvt Ltd., India’s leading third-party logistics provider

+ Shopify Inc. acquired 6 River Systems, a warehouse robotics company, for US$450.0 million




 this week in REITS 


+ Artis REIT agreed to sell two office properties (Toronto, Ottawa) for $161.0 million

+ CAP REIT closed the purchase of apartments in London and Sarnia, Ontario for $68.8 million and a building in Charlottetown, PEI for $7.2 million – 595 apartments added to their portfolio

+ George Van Noten to COO @ Minto Apartment REIT

+ Glen MacMullin to Chief Investment Officers @ Minto Apartment REIT

+ Slate Office REIT agreed to sell an office property (5500 North Services Rd) in Burlington, ON for $52.2 million

+ Summit Industrial Income REIT is acquiring 121,456 sq. ft./100% leased building in YYC Logistics Centre for $15.9 million; FedEx Ground occupy 75% of the building




 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ Sept. 19; Basecamp Resorts/Murrieta’s 1st Annual Charity Golf Tournament, Stewart Creek, Canmore; info/register

+ Oct. 10; Calgary Hellenic Charity Golf Tournament, Elbow Springs GC, Calgary; info/register

~

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




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this site last updated May 6, 2025