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FACILITYCalgary May 6/25

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 THIS WEEK - NEWS SUMMARY 

  September 3 ~ 10, 2024 


 
 
 KUDOS 

+ to Gail & David O’Brien, for their $2.0 million gift to the Glenbow Museum’s Glenbow Reimagined project


 
 
                                                                                                    

 
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- 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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DONATION INFO/OPTIONS

 
 
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.

 
 
 
For information regarding iGIFTsight:
- donations and planned giving arrangments for iGIFTsight - contact: Mark Kolke: mark.kolke@igiftsight.ca 
- for program information or to learn more about iGIFTsight programs, click here, or contact Mr. Aly Bandali,  Pres. & CEO: alyb@igiftsight.ca 
- For further reading, Download ' i GIFT sight - case for support '

 
 


 
 
 
 
CONTACT MARK KOLKE 
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  NEWS THIS WEEK  


+ Air Canada is readying for a threatened strike and service disruptions; on Sept. 15, either Air Canada or it the Air Line Pilots Association can issue 72 hour strike or lock out notice …. tic toc

+ Bank of Canada reduced interest rates again, third month in a row – to 4.25%

+ CIMA+  launched it’s new brand image – we give it an A+

+ City of Calgary – WATER CRISIS – Stage 4 continues – reduced water consumption is required – but Calgarians aren’t reducing consumption enough …. construction has begun along 33rd Ave NW - 509 million litres used Sunday – still above threshold – WARNINGS are not being heeded by Calgarians; we need to recognize, WE ARE ON THE CUSP OF/ALREADY IN CRISIS: well said by Bell, and even better by Braid … the tic toc is not the ticking of uncertainty, but the ticking of a time-bomb likely to bring us to our thirsty knees – so, let’s TURN OFF OUR TAPS and go without for a while. This requires our attention NOW; we can vote with our ballots next fall, but for now, STOP using water that is not essential. Frankly, I don’t have a problem letting my dirty dishes pile up an extra day or two, but when I walk some neighbourhoods where the grass is a little too green (you know what I mean, I get angry), so whether you are the culprit or the whistleblower reporting the abusers: just stop already!

+ City of Calgary’s GREEN LINE project appears scuttled, derailed and completely run aground; Government of Alberta says they will NOT fund the current plan, and our City/Mayor have surrendered control over the future of the C-train expansion to the province – amid political theatre/politics being played by Premier Smith v. NDP’s Nenshi … it’s childish, stupid, and wasteful. Yes, the City serves at the pleasure of the province – and the province has the authority to fire City Council if it wishes, but the ‘save the new arena project, to kill the Green Line and not admit an ounce of responsibility for the water crisis is convenient partial-abdication of accountability by the UCP government. Calgarians agree, the Green line looks like a money pit of too much building and spending before finalizing design, but the province cannot say they’ve not been along for the ride and at the table for decades on our C-train plans is just simply not true and a lame excuse for politicking on the backs of Calgary taxpayers. It might serve the Premier’s battle with Ottawa and Nenshi, but it doesn’t serve Calgarians well or reflect properly on those who’ve made tough decisions and owned those decisions ...

+ current energy prices; live links to Bloomberg energy prices / OilPrice.com; WTI @ US$69bbl; Brent @ US$71/bbl – prices softening on anticipated recession risk, slower Chinese demand and OPEC+ group raising production (Morgan Stanley take, Bank of American outlook,  Goldman Sachs projecting downside/surplus in 2025-26)

+ FACILITYCalgary – breaking news August 28 - The government of Canada lists federal lands for housing and new tools for builders

+ FGC Health LP et al is in receivership; PwC is the receiver

+ fire season 2024:   70 fires are active – 69 those are new/2024 fires – none are out of control

+ fire season 2024 disruptions/evacuations in the last week:

+ FACILITYCalgary, a sponsor-supported FREE weekly newsletter; ‘send time’ is early every Tuesday; please take a minute to answer this week’s poll question – one day remaining!

+ Methanex Corporation agreed to acquire OCI Global’s methanol business for US$2.05 billion

+ MNP  LLP acquired Carbone-accès

+ 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

+ Parkland Corporation announced it will sell off its Florida business unit

+ Pembina Pipeline Corporation agreed to acquire the Veren’s Gold Creek and Karr area oil batteries for Pembina Gas Infrastructure Inc. for $400.0 million from Veren Inc.

+ 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 1 to 582 this week; Canada: steady at 220 this week

+ Royal Helium is repositioning and annouced significant leadership changes; strategy to maximize long-term shareholder value

+ TC Energy’s deal to sell a $1.0 billion minority stake in it’s Canadian natural gas pipeline system to a consortium of Indigenous communities seems stalled over ‘deal structuring issues’ ... tic toc ... come reconciliation seems warranted folks ...

+ Trimble Energy Group is marketing a substantial portfolio of Bonterra Energy Corp’s non-core assets for sale

+ Worldplay Communications Inc. and Wordplay (Canada) Inc. is in receivership; EY is Trustee




SHAKERS AND MOVERS 
appointments and disappointments 

+ Chuck van der Lee to Chair of Board of Trustees @ American Hotel Income Properties REIT

+ Dan Hurley to Chief Revenue Officer @ Altus Group

+ Eduard van Gelderen to Chief Investment Officer @ PSP Investments

+ Faraj Nakhleh to Pres. & CEO @ Emergia Inc.

+ Francis Lalonde to VP Supply Chain @ Groupe Touchette

+ Gene Leon to Pres. @ FirstService Residential

+ Greg Bronson, Director @ Avanti Helium Corp., resigned

+ Harish Consul to Chief Venture Capital Capital Advisor @ Biongevity

+ Henri Petit, Pres. & CEO @ Emergia Inc., departed the company

+ Jeff Kinnaird to CEO @ Peak Group

+ John Wilbeck to Managing Director, Development @ Greystar

+ Jonathan Korol to Trustee @ American Hotel Income Properties REIT

+ Jonathan Wright, Pres. & CEO @ NuVista Energy Ltd., retiring

+ J.P. Arcand to CFO @ Neighbourly Pharmacy Inc.

+ Kevin Hoffman to Chief Development Officer @ Kadestone Capital Corp.

+ Marco Ding to Exec. VP, Investments @ Cadillac Fairview

+ Martin Wood to Board Chair @ Royal Helium

+ Matthew Ronsheim to COO @ Xenon Pharmaceuticals Inc.

+ Mike Lawford to Pres. & CEO @ NuVista Energy Ltd.

+ Santokh Birk to Sr. VP & CFO @ MCAN Financial Group

+ Thushanth Sivaananthan to Exec. VP @ Power Staffing Solutions

+ Vivek Sood to Trustee @ Crombie REIT

~ 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 

+ Linda Fox-Mellway, former community leader, City of Calgary Councillor, 76

+ Maurice McCaig, former President of Trimac Transportation, community supporter and everything cars and trucks enthusiast, 86




THIS WEEK IN FINANCINGS 
- proposed & closed

+ CGI Inc. is on the market to raise $750.0 million in unsecured debt by private placement

+ CU Inc. is on the market to raise $410.0 million in debt

+ Feldan Therapeutics closed a US$21.0 million financing

+ General Fusion secured a $20.0 million financing

+ George Weston Limited is on the market raise $250.0 million in sr. unsecured debt

+ Mercer Park Opportunities Corp. closed a US$12.5 million over-allotment of its recent IPO equity raise

+ Perimeter Medical Imaging AI is on the market to raise $13.5 million in equity

+ Reliant AI secured $11.3 million funding

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

+ Surge Energy Inc. secured a $175.0 million credit facility

+ Toronto Dominion Bank is on the market to raise US$1.0 billion in sub. debt




 HR Resource + Workplace Trends + HSE 

+ A.I. employment levels rise while overall tech talent jobs slow ...

+ have non-competes gone away? … maybe not; FTC/U.S. ban blocked, maybe, who knows for sure?

+ strategy for future-proofing tech talent

+ suvey shows ‘a triple gap’ in Canadian employer benefits and well-being programs; courtesy of RBC Insurance

+ what business analysts do and why they are important

+ workplace wellbeing – bringing the outside inside




  TECHNOLOGY / AI TRENDS 

+ Apple’s ‘Glowtime’ event yesterday rolled out more of their AI features and unveiled the iPhone 16

+ Chargestop Technologies, o/a ChargeStop, a franchise operation, opened it’s first Electrical Vehicle Station in Edmonton

+ the PR and communications industry is getting AI help … or check out the interactive multichannel news release (note: full disclosure, FACILITYCalgary uses the PR newswire feed, among others, and while we don’t endorse anyone’s business – we find PR Newswire to be a superb resource and much content in each week’s FACILITYCalgary issue comes to us via newswires like PR Newswire every day)




 RISK 

+  1 in 5 Canadian businesses experiencing payment fraud – much more than surveyed businesses indicate --- let’s trust the numbers!

+ Intact launched its 2024 Municipal Climate Resiliency Grants program; doubling this program to $2 million dollars over two years, supporting municipalities and communities across Canada develop and implement practical solutions to mitigate the future impacts of flooding and wildfire.




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+  Government of Alberta support - $6.1 million support for Verme planned new $300 million facility - waste-to-energy facility. This funding will support a  Front-End Engineering Design (FEED) study to support the $300 million project 




 CONSTRUCTION + BUILDING SERVICES NEWS 

+ Xplore Inc. is expanding it’s high-speed internet to remote Alberta communities; $63 million in goverment funding

+ site work has begun on the event-centre a.k.a. Scotia Place to replace the Saddledome – and relocation of the historic 113 year old Stephenson & Co. Building

+ WSP Global Inc. agreed to acquire Power Engineering Inc. for US$1.8 billion




 CORPORATE RESPONSIBILITY + ESG REPORTS 

+ Alithya Canada Inc. published its 2024 ESG Report

+ Nuvei Corporation published its 2023 ESG Report




 INFRASTRUCTURE + P3 

+ City of Calgary’s GREEN LINE project appears scuttled, derailed and completely run aground; Government of Alberta says they will NOT fund the current plan, and our City/Mayor have surrendered control over the future of the C-train expansion to the province 




 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 

+ Chargestop Technologies, o/a ChargeStop, a franchise operation, opened it’s first Electrical Vehicle Station in Edmonton

+ Couch-Tard’s widely reported takeover pitch to Japanese company Seven & i Holdings Co., Ltd. failed, but both companies confirmed that friendly discussions continue with regard to 100,000 7-Eleven stores in the U.S., Asia, Australia and Europe … tic toc




 SHAREHOLDER MEETINGS

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

+ Sept 12; XORTX Therapeutics Inc., Annual and Special Meeting, Calgary

+ Sept. 18; Sleep Country Canada Holdings Inc., Special Meeting of Shareholders, Toronto

+ Sept. 19; Calgary Council of Voluntary Organizations, Annual General Meeting, The Confluence

+ Sept. 25; Chorus Aviation Inc., Special Meeting of Shareholders, Halifax

+ Oct. 8; A&W Revenue Royalties Income Fund, Special Meeting of Unitholders, Vancouver

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

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

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




 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ Sept. 18; GDM Golf Charity Classic, in support of Brown Bagging for Calgary’s Kids, Inglewood Golf and Curling Club, Calgary; register

+ Sept. 23; Camp Chief Hector Golf Tournament, Bearspaw Golf Course, Calgary; register

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




 SAVE THE DATE / upcoming events

+ Sept. 10-12; Decarbonize, Invest, Transform – Edmonton Convention Centre; info/register

+ Sept. 11-12; Oil Sands Expo, Fort McMurray, info/register

+ Sept. 17-19; Info~Tech – Live 2024, The Bellagio, Las Vegas; agenda /

+ Sept. 23- 25; BOMEX 2024, hosted by BOMA Vancouver – save the date

+ Sept. 24-26; International Pipeline Expo 2024, Telus Convention Centre, Calgary

+ Sept. 26; IFMA Calgary Chapter – Welcome Back Social @ McCrum’s Showroom, Calgary; register

+ Sept. 26; Canadian Mortgage Summit, Pearson Convention Centre, Toronto; info/register

+ Sept. 25-27; CREW Network (Commercial Real Estate Women), 2024 Annual Convention, Vancouver – save the date

+ Oct. 1-2; Industrial Decarbonization North America 2024 – Pittsburgh; info/register

+ Oct. 7-8; Infrastructure Partners Conference, Edmonton Convention Centre; info/register

+ Oct. 8; Calgary 2025 Economic Outlook, BMO Centre, Stampede Park, Calgary; tickets

+ Oct. 8; HR – Employment Law Masterclass Alberta; virtual, speakers, register

+ 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. 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. 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 go on sale soon

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


                                                                

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