Edmonton Companies News & Discussion

[Gronk!]

Variant Edition finds new Bat Cave after Stony Plain Road flood

Variant Edition has opened a new sanctum after catastrophic flooding at Revolution Square forced it and at least nine businesses to leave. Now the indie comic shop's owners are forging a future where the bricks-and-mortar store is just the origin story in a hero's arc.

edmonton.taproot.news

 

[MacLac]

Varcoe: Massive AI data centres worth billions are coming — and Alberta wants to lead Canada

Varcoe: Alberta aims to be Canadian leader attracting AI data centres to the province, while at least six projects are in the AESO lineup.

calgaryherald.com

Can someone explain the advantage of “Data Centres?” Other than initial start up labor and a huge strain on our energy resources….what actual economic benefit is there?

 

[David A]

Varcoe: Massive AI data centres worth billions are coming — and Alberta wants to lead Canada

Varcoe: Alberta aims to be Canadian leader attracting AI data centres to the province, while at least six projects are in the AESO lineup.

calgaryherald.com

Can someone explain the advantage of “Data Centres?” Other than initial start up labor and a huge strain on our energy resources….what actual economic benefit is there?

Probably better for places with lots of cheap power

 

[Glenco]

Probably better for places with lots of cheap power

Not just cheap but preferably in a place that doesn’t regularly get up to 40° C everyday.

 

[MacLac]

“……..Entos plans to build a manufacturing facility in Edmonton, Alberta……where the company is based.”

 

[Greenspace]

A Bold Move: Rohit’s New Headquarters in Downtown Edmonton – Rohit Group

In a significant milestone, Rohit has made a bold move in relocating the headquarters to One Twelve Campus off Jasper Avenue in downtown Edmonton.

rohitgroup.com

I thought Rohit has been in there for years.......

Reference ID:	Job No 514626399-002
Description:	To install (2) Fascia Sign(s) limited to On-premises Advertising (Covenant Health / Rohit)
Location:	10130 - 112 STREET NW Plan 0320617 Blk 12 Lot 168
Applicant:	FIVE STAR PERMITS
Status:	Intake Review
Create Date:	2024-05-31T16:03:09Z
Neighbourhood:	OLIVER

 

[CaptainBL]

National Bank to accelerate domestic growth with the acquisition of Canadian Western Bank

Not for distribution to U.S. news wire services or for dissemination in the United States Aligned with National Bank’s strategic plan to accelerate growth...

www.globenewswire.com

Edmonton loses another head office

 

[Airboy]

Yup, probably why we never saw the new building advance.

 

[jason403]

Yup, probably why we never saw the new building advance.

So they signed a long term lease with Manulife if they saw this coming?

 

[IanO]

Yup, probably why we never saw the new building advance.

That was due to the cost of construction, debt and required lease rate.

 

[IanO]

National Bank to accelerate domestic growth with the acquisition of Canadian Western Bank

Not for distribution to U.S. news wire services or for dissemination in the United States Aligned with National Bank’s strategic plan to accelerate growth...

www.globenewswire.com

Edmonton loses another head office

Not a bad return if you were there early on.

 

[Kosy123]

Yup. It is extremely good for shareholders and kinda hitting myself on the head for not investing in them some more.

 

[David A]

Not a bad return if you were there early on.
View attachment 571694

... or even last week. Wish I had got more shares when they were down too.

 

[David A]

So they signed a long term lease with Manulife if they saw this coming?

Sometimes these things move ahead quickly and are not entirely expected. Leasing the space rather than building was the best decision for them at the time.

 

[Gronk!]

Canadian Western Bank shares soar after announcing deal with National Bank | Globalnews.ca

The deal was announced after the close of trading on Tuesday.

globalnews.ca

Shares of Canadian Western Bank surged 70 per cent in early trading after it announced that it had struck an all-stock deal to be acquired by National Bank of Canada in an agreement that valued it at about $5 billion.

CWB shares were up $17.61 at $42.50 on the Toronto Stock Exchange on Wednesday. National Bank shares were down $6.31 at $110.03.

The deal announced after the close of trading on Tuesday will see Quebec-focused National Bank expand its geographic reach in Alberta and British Columbia, where CWB is concentrated.

CWB is expected to maintain its branch locations as well as its Edmonton-based leadership and operations.

The deal comes just months after Royal Bank closed its $13.5-billion purchase of HSBC Canada in the country’s largest-ever domestic banking deal.

The deal is subject to shareholder and regulatory approval and expected to close by the end of 2025.