FACILITYCalgary

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+ Air Canada strike averted – tentative deal struck with pilots on Sunday

+ Arthur J.E. Child Cancer Centre – milestone – appointments now being scheduled

+ AutoCanada closed the sale of two Alberta Stellantis stores; Ponoka and Airdrie

+ Brigade Technologies Inc. filed for bankruptcy; Grant Thornton is the Trustee

+ Canadian Jetlines Operations Ltd. made an assignment in bankruptcy – BDO Canada Limited is the Trustee

+ City of Calgary – WATER CRISIS: Stage 4 continues – 16 Avenue NW reopened to traffic

+ CMHC changes – the insurable limit for CMHC high-ratio mortgage insurability raised from $1.0 $1.5 million; changes also to amortization limits, in a change package aimed at first time home owners – and widely reported as pandering to young voters by the Liberal Gov.  I remember my first home purchase: it was a very old home in Carseland, with running water in the kitchen, and a two-holer in the 1 car garage – oh my, the times are a changing (my first one was $7,000 - $700 down, $77/mth a very long time ago, and not mortgage default insurance!)

+ current energy prices; live links to Bloomberg energy prices / OilPrice.com; WTI @ US$70bbl; Brent @ US$73bbl – prices softened, markets anticipate 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)

+ fire season 2024:   61 fires are active – all but 1 of them are new/2024 fires – all are being held or under control

+  Greenline politics heats up; Government of Alberta withdrew, then walked it back – say they’ll keep funding place if the City of Calgary reverts to earlier above-ground plan, Calgary Mayor Gondek punches back ... tic toc

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

+ Korite International et al – in receivership/CCAA protection; KSV is the Receiver

+ Mattr Corp. agreed to sell its Brazilian Pipe Coating unit to Vallourec for US$17.5 million

+ Melcor Developments to dissolve Melcor REIT, and to acquire 44.6% of the REIT it does not already control

+ MNP acquired/merged with two Montreal firms

+ 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

+ Perpetual Energy Inc. and Rubellite Energy Inc. agreed to re-combine

+ 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 8 to 590 this week; Canada: down 2 to 218 this week

+ Waterous Energy Fund Management Corp. agreed to acquire shares and effective control of Greenfire Resources Ltd. - transaction value $327.8 million 

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+ Blair Hagkull to Director @ QuadReal Property Group

+ Katherine Gibson to CFO @ Royal Bank of Canada

+ Michael Ward to Managing Director, Co-Investment @ Grosvenor

+ Philippe Hanna to Pres. & CEO @ Nu-Air Ventilation

+ Stephen Toth to VP, Infrastructure, Construction and Delivery @ Infrastructure BC

+ Thomas Strong to Sr. VP Construction and Infrastructure @ NFP

+ Trevor Dickie to VP Real Estate, Alberta @ Gracorp

+ Vatroslav Mateljic to Gen. Mgr. @ Takeda Canada Inc.

~ 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 ]

+ Dr. Alec McPherson; former Pres. & CEO @ Biomira Inc., 85

+ AltaGas Ltd. is on the market to raise US$900.0 million by a hybrid sub. debt issue

+ Better Life Pharma Inc. closed a $1.1 million equity raise by private placement

+ BriaCell Therapeutics Corp. closed an $8.5 million equity raise

+ Chemtrade Logistics Income Fund closed a $250.0 million sr. unsecured debt raise

+ Culico Metals Inc. closed a $1.6 million equity raise by private placement

+ Deep Sky secured $2.5 billion investment

+ Doman Building Materials Group Ltd. closed a $265.0 million sr. unsecured debt raise

+ Exro Technologies Inc. closed a $25.0 million equity raise

+ Find Therapeutics Inc. closed an $8.1 million convertible debt raise

+ Foran Mining Corporation closed a $70.9 million final tranche of it recent equity raise

+ Logan Energy Corp. is on the market to raise $50.0 million in equity

+ NG Energy International Corp. is on the market to raise $30.0 million in equity

+ Northstar Clean Technologies Inc. closed a $14.0 million royalty transaction

+ Prairie Provident Resources Inc. is on the market to raise $13.2 million in equity by a rights offering

+ Sienna Senior Living is on the market to raise $150.0 million in sr. unsecured debt

+ Surge Energy Inc. closed a $175.0 million sr. unsecured debt financing

+ Syantra Inc. raised $4.9 million in funding

+ Telesat closed $2.54 billion in fundings

+ law firms future-proofing their offices

+ survey from Eckler indicates Canadian salary increase will continue to surpass inflation

+ BDC stufy – 27% of Canadian entrepreneurs are using AI and don’t realize it!

+ energy access and equity forecasting – UNDP and IBM launched their new tool

+ tech layoffs driving business school enrollment 

+ August flooding in Quebec – nearly $2.5 billion in insured damage

+ August hailstorm in Calgary – nearly $2.8 billion in insured damage

+ battery recycling is soaring

+ Natural Resources Canada funding – another $14.8 million for 20 EV projects

+  Greenline politics heats up; Government of Alberta withdrew, then walked it back – say they’ll keep funding place if the City of Calgary reverts to earlier above-ground plan, Calgary Mayor Gondek punches back ... tic toc

+ PSP Investments published its annual Sustainability Report

+ Melcor Developments to dissolve Melcor REIT, and to acquire 44.6% of the REIT it does not already control

+ REITrag covers activity and announcements on the activity of real estate investment trusts - REITs: - sign up at: https://markkolke.substack.com/s/reit-rag

+ AutoCanada closed the sale of two Alberta Stellantis stores; Ponoka and Airdrie

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

+ 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 ]

+ 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 ]

+ 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; Energy Disruptors: UNITE 2024, BMO Centre, Stampede Park, Calgary - register

+ 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 ]