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FACILITYCalgary May 6/25

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 THIS WEEK - NEWS SUMMARY 

  August 28 ~ September 3, 2024 


 


 
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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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ROCKY VIEW COUNTY
Business & Economic Development

 


 
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Visit: https://falkbuilt.com/
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DIGITAL COMPONENT CONSTRUCTION

 


 
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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 '

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  


+ Alberta Day – September 1st in Alberta celebrates the Alberta Act, which came into effect September 1, 1905, making a province of us ...

+ ATCO Structures & Logistics Ltd. completed its $40.0 million acquisition of NRB Limited

+ back to school – SLOW DOWN please, everyone – on every road you drive!

+ Bank of Canada rate announcement this Wednesday is expected to involve a rate reduction; widely reported, but no official announcement yet, but likely to drop as inflation numbers are down and the U.S. Federal Reserve and poised for a rate reduction also …

+ Canada’s Best 100 Restaurants 2024 – 4 from Calgary! … River Cafe (#23), Eight (#25), D.O.P. (#46), Major Tom (#52), and in Canmore, Ankor (#76)

+ City of Calgary – water crisis – still at Stage 4 coninues – reduced water consumption is required – but Calgarians aren’t reducing consumption enough …. construction has begun along 33rd Ave NW

+ CPP Investments acquired a stake - $843.0 million – in U.S. infrastructure firm Tallgrass Energy

+ current energy prices; live links to Bloomberg energy prices / OilPrice.com; WTI @ US$74/bbl; Brent @ US$77/bbl – traders are concerned about a boost in OPEC+ production which will exert downward pressure on prices … tic toc ...

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

+ fire season 2024:   79 fires are active –  78 of those are new/2024 fires – only 1 of those is 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!

+ Fiddlehead Resources Corp. closed an $18.8 million asset acquistion

+ Government of Alberta is now projecting a $2.9 billion surplus (vs. $365.0 million budgeted) for the current fiscal year; yet the government says that’s an accounting thing, not an indication of funds available for funding anything. This seems odd to this scribe on two points: why is such a wide variance in financial planning not investigated, when the answer for so many worthy projects and delayed access to life saving cancer care?

+ Government of Alberta hived off a piece of Alberta Health Services to create a new provincial health agency, Recovery Alberta, which began operations September 1st -  investing $1.55 billion in 2024-25 to continue building the Alberta Recovery Model.

+ Government of Canada lists federal lands for housing – 56 properties, 2 of 5 now available are in Alberta

+ IFS acquired Copperleaf Technologies Inc.

+ Linde entered long term supply deal with Dow for it’s Path2Zero project in Fort Saskatchewan; will be a $2.0 billion project for Linde to produce Clean Hydrogen

+ 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

+ 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 2 to 583 this week; Canada: up 1 to 220 this week

+ Scotiabank completed its 4.9% investment in KeyCorp

+ two new Alberta Senators appointed




SHAKERS AND MOVERS 
appointments and disappointments 

+ Andrew Davidson, Pres., CEO & Diretcor @ Royal Helium Ltd., resigned

+ Dallas Flexhaug to News Hour Co-Anchor, Calgary @ Global News

+ David Fridhandler to Senator @ Government of Canada

+ David Jones to Pres. & Managing Director @ Merck Canada

+ David Young to CEO and Director @ Royal Helium Ltd.

+ Jonathan Rigby to CEO @ Sernova

+ Kristopher Wells to Senator @ Government of Canada

+ Mike Henry to Chief Commercial Officer @ Cogeco Communications Inc.

+ Pedro Farah, CFO @ Nutrien, sacked

+ Sanjay Bishnoi to CEO @ Advantage Energy Ltd.

+ Scott Johnston to CFOR @ Bonterra Energy Corp.

+ Sunil Kapur to CEO @ McCarthy Tétrault

~ 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 

+ Alf Cadman, central Alberta hockey-preneur, former Red Rustlers owner, 88

+ Garnett Millard; retired Edmonton accountant, community servant and philanthropist, 93

+ Johnny Gaudreau; NHL’s ‘Johnny Hockey’, former Assistant Captain of Calgary Flames, 31

+ Stevie Cameron, celebrated Canadian journalist and philanthropist, 80




THIS WEEK IN FINANCINGS 
- proposed & closed

+ BetterLife Pharma Inc. raised $1.1 million in equity by private placement

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

+ Fiddlehead Resources Corp. closed $23.2 million debt and equity raise from two financings

+ Innican Pharma Corporation closed a $1.105 million equity raise by private placement

+ O3 Mining Inc. closed a $20.872 million equity financing

+ Pieridae Alberta Production Ltd is on the market to raise $30.0 million in equity by a rights offering

+ Sienna Senior Living closed a $144.0 million equity raise

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

+ TC Energy Corporation closed South Bow $7.9 billion financing for Liquids Pipelines spinoff




 HR Resource + Workplace Trends + HSE 

+ gimme a bread department: our federal government employees are fighting going back to the office 3 days a week; prior to the COVID-19 pandemic they had to work all 5 in the office, but now the poor babies are fighting it as a hardship. While nearly every Canadian suffered person, income and business hardships during the pandemic, we are the taxpayers these people work for; they never lost a nickel of income and ‘we, their empoyers’ funded them getting home-office set ups too. Now these workers and their union are claiming the hardship of it all; whiners! They’d rather work from home, run side-businesses and have more flexibility in their lives without losing an inch of ground or a nickel in their cushy collective agreement and expect Canadians to tolerate them

+ overcoming reluctance to take a break – are vacations still important?

+ the designer approach is work changing, or are people? … back to work pros/cons – and, are we designing for now and the future vs. the workplace of the past.




  TECHNOLOGY / AI TRENDS 

+ Google rolls out safeguards for more of its AI products ahead of the US presidential election




 RISK 

+ weather impacts on insurance industry losses/costs – Quebec, Jasper wildfire, all of Canada (Intact) in July and August




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Linde entered long term supply deal with Dow for its Path2Zero project in Fort Saskatchewan; will be a $2.0 billion project for Linde to produce Clean Hydrogen




 CONSTRUCTION + BUILDING SERVICES NEWS 

+ Government of Canada lists federal lands for housing – 56 properties, 2 of 5 now available are in Alberta




 CORPORATE RESPONSIBILITY + ESG REPORTS 

+ Reconnaissance Energy Africa Ltd. published its first Sustainability Report




 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 

+ Canada’s Best 100 Restaurants 2024 – 4 from Calgary! … River Cafe (#23), Eight (#25), D.O.P. (#46), Major Tom (#52), and in Canmore, Ankor (#76)

+ Jersey Mike’s Subs opened it’s first ‘new’ Canadian location on Markham, ON; Canadian Franchise  operator Redberry Restaurants boast expansion plans for 300 locations in Canada within 10 years ...




 INTERESTING TRENDS: OFFICE 

+ post-WeWork bankruptcy reality for landlords in the U.S. - similar expectations in Canadian markets as new WeWork under majority owner Yardi Systems unfolds ... tic toc ...




 SHAREHOLDER MEETINGS

+ Sept. 3; Canadian Western Bank, Special Meeting of Common Shareholders, Edmonton

+ Sept. 4; Aptose Biosciences Inc., Special Meeting of Shareholders, Toronto

+ Sept. 9; Datable Technology Corporation, Annual General Meeting, Vancouver

+ Sept. 9; Fission Uranium Corp., Special Meeting, Kelowna

+ 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. 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. 4; 8th Annual Little Warriors Golf Tournament, The Quarry Golf Course – Edmonton; registration/donations/sponsors

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

+ 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

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




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this site last updated May 6, 2025