DOCSLIB.ORG

Q3-2013-Supplemental-Final.Pdf

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Q3-2013-Supplemental-Final.Pdf Index Notice to Reader ………………..………………………………………………………………...………………..……. 2 Conference Call Highlights ……. ………………………………………………………………………..……………... 3 Portfolio Highlights …..….…………………………………………………………………………………..…………... 7 Distribution Reinvestment Plan ..……………………………………………………………………………………... 8 Distribution History …………………………………………………………………………………………...…….. 8 Performance of Calloway Units …………………………………………………………………………………….… 9 Average Unit Trading Price …………………………...…………………………………………………………… 9 Average Daily Volume of Units Traded ……………...…………………………………………………………… 9 Market Capitalization Summary ………………………..………………………………………………………… 9 Gross Revenue and Area by Province ……...…………………….……………………………………………....… 10 Top 25 Tenants ……………………….………………………………..…………………………………………….… 11 Lease Expiration Schedule ………………………………….…………………………………………………..….. 12 Area by Age ……………………………………..……………………………...…………………………………….… 13 Future Earnouts and Developments ……………………………………………………………………………….. 14 Committed Earnouts and Developments ………...…………………………………………………………… 14 Recourse Loans to Developers ……………….…………………………………..………………………………….. 15 Individual Property Summary ………………………………………………………..……………………………….. 16 General Information ……………. …………………………………………………….........…………………………. 25 c Calloway Real Estate Investment Trust September 2013 Supplemental Information Package 1 Notice to Reader Readers are cautioned that certain terms used in this Supplemental Information Package (“Supplement”) such as Funds from Operations ("FFO"), Adjusted Funds from Operations ("AFFO"), "Gross Book Value", "Payout Ratio", "Interest Coverage", "Total Debt to Adjusted EBITDA" and any related per Unit amounts used by management to measure, compare and explain the operating results and financial performance of the Trust do not have any standardized meaning prescribed under IFRS and, therefore, should not be construed as alternatives to net income or cash flow from operating activities calculated in accordance with IFRS. These terms are defined in this Supplement and reconciled to the consolidated financial statements of the Trust in the Management’s Discussion and Analysis (“MD&A”) for the three and nine months ended September 30, 2013. Such terms do not have a standardized meaning prescribed by IFRS and may not be comparable to similarly titled measures presented by other publicly traded entities. Certain statements in this Supplement are "forward-looking statements" that reflect management's expectations regarding the Trust's future growth, results of operations, performance and business prospects and opportunities. More specifically, certain statements contained in this Supplement, including statements related to the Trust's maintenance of productive capacity, estimated future development plans and costs, view of term mortgage renewals including rates and upfinancing amounts, timing of future payments of obligations, intentions to secure additional financing and potential financing sources, and vacancy and leasing assumptions, and statements that contain words such as "could", "should", "can", "anticipate", "expect", "believe", "will", "may" and similar expressions and statements relating to matters that are not historical facts, constitute "forward-looking statements". These forward-looking statements are presented for the purpose of assisting the Trust's Unitholders and financial analysts in understanding the Trust's operating environment, and may not be appropriate for other purposes. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. However, such forward-looking statements involve significant risks and uncertainties. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements. Although the forward-looking statements contained in this Supplement are based on what management believes to be reasonable assumptions, the Trust cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. These forward-looking statements are made as at the date of this Supplement and the Trust assumes no obligation to update or revise them to reflect new events or circumstances unless otherwise required by applicable securities legislation. Calloway Real Estate Investment Trust September 2013 Supplemental Information Package 2 Conference Call Highlights Operations – for the quarter . FFO/unit increased 5.2% for the quarter compared to the same period in 2012 . Average cap rate of investment properties improved to 5.99% over Q3 2012 . Same property growth increased 1.1% . Occupancy level maintained at 99% for the 15th consecutive quarter . Already renewed or in final stages of renewal on 86% of all lease maturities for 2013 with average face rents increase of 7.5%, which should remain relatively unchanged for year-end . Payout ratio now at 86.4%, providing potential for future distribution increase Tenant Activity . Leasing interest and tenant activity remain healthy in Calloway’s portfolio . Approximately 98,400 square feet of tenancies came on-stream collectively this quarter, providing an unleveraged yield of 7.4% . Strong leasing interest in the Toronto Premium Outlets® has resulted in long term deals of almost 90% to date, with some shorter term in place to almost fully occupy the site . Target: two stores opened in July 2013 (Oakville and Kitchener) . We are continuing to manage the four locations closed by Best Buy / Future Shop where they are obligated to continue paying rent. Two of these locations have been or are very near being released at higher net rents and discussions are underway for the last two locations . Dollar store growth through Dollarama and Dollar Tree continues to absorb surplus space . Overall, Calloway is pleased with tenant demand, but continues to monitor those tenants of markets where some rationalizing is taking place Calloway Real Estate Investment Trust September 2013 Supplemental Information Package 3 Conference Call Highlights Growth . Same property growth increased 1.1% in the quarter . Earnouts and development of 98,400 square feet at a 7.4% yield for the quarter . Premium Outlets Toronto - construction of 400,000 square feet completed - Grand Opening launched on August 1, 2013 to great consumer support - initial yield in excess of 8%, with stabilized yield expected close to 9% Montreal - land purchased in December 2012 - construction commenced October 2013 - witnessing good leasing interest - scheduled to open Fall 2014 . Vaughan Metropolitan Centre - KPMG rezoning and site plan submitted - contracts signed with construction manager and architects - agreements signed with TTC subway/bus terminal and cost allocation for pedestrian tunnel - construction to commence January 2014 . Future Opportunities - earnouts and developments – committed pipeline of 336,000 square feet in place at a yield of 8.9% - Westside Mall – mixed use rezoning potential resulting from Eglinton LRT/subway line in front of the centre on Calloway land - Hopedale Mall (rebranded as South Oakville Centre) renovated to coincide with Target opening - continuing to source other intensification opportunities across the Calloway portfolio . Acquisitions - acquired a 200,000 square foot retail centre in June 2013 in Regina, immediately adjacent to our existing Calloway property for $45.7 million - acquired four Walmart-anchored centres totalling 697,000 square feet (Calloway’s owned interest), all located in the province of Ontario. One of the centres is a mixed use, retail/office complex located in Ottawa that Calloway manages and co-owns with a 50:50 third party joint venture partner. The other three are retail centres acquired fully by Calloway. Purchase price for the four properties totalled $184.0 million, net of partner involvement. Calloway Real Estate Investment Trust September 2013 Supplemental Information Package 4 Conference Call Highlights Capital Activities . Issued $150 million of unsecured debentures at 3.385% for four years and four months to fund acquisitions . Leverage at 43.2% of FMV . Interest coverage increased to 2.5X, net interest coverage (excluding capitalized interest) increased to 2.8X . Unencumbered asset pool increased to approximately $1.4 billion, providing future flexibility . Continuing to refinance mortgages as they mature at lower than outgoing rates; 2013 now fully committed and commitments already received for $32.4 million of 2014 maturities . Subsequent to quarter end, issued $100 million in unsecured debentures bearing interest at a variable rate based on the three-month Canadian dealer offered rate plus 1.38% to repay operating lines and provide future flexibility Calloway Real Estate Investment Trust September 2013 Supplemental Information Package 5 Looking Beyond Vaughan Metropolitan Centre Vaughan Metropolitan Centre Westside Mall – Caledonia Station Toronto Premium Outlets (Grand Opening launched on August 1, 2013) Calloway Real Estate Investment Trust September 2013 Supplemental Information Package 6 Portfolio Highlights September 30, 2013 Number of properties 133 Number of Walmarts / Supercentres 81 / 64 Number of Walmarts / Supercentres (including shadows) 95 / 71 Gross leasable area (sq. ft.) 27,386,728 Total GLA in Walmart anchored centres (sq. ft.) 22,970,776 Future developable area (sq. ft.) 3,284,720 Occupancy 99.0% Average lease term to maturity 7.6 years Net rental rate
Load more

Recommended publications
  • 2011 BCE Annual Information Form
    Annual Information Form BCE Inc. For the year ended December 31, 2011 March 8, 2012 In this Annual Information Form, Bell Canada is, unless otherwise indicated, referred to as Bell, and comprises our Bell Wireline, Bell Wireless and Bell Media segments. Bell Aliant means, collectively, Bell Aliant Inc. and its subsidiaries. All dollar figures are in Canadian dollars, unless stated otherwise. The information in this Annual Information Form is as of March 8, 2012, unless stated otherwise, and except for information in documents incorporated by reference that have a different date. TABLE OF CONTENTS PARTS OF MANAGEMENT’S DISCUSSION & ANALYSIS AND FINANCIAL STATEMENTS ANNUAL INCORPORATED BY REFERENCE INFORMATION (REFERENCE TO PAGES OF THE BCE INC. FORM 2011 ANNUAL REPORT) Caution Regarding Forward-Looking Statements 2 32-34; 54-69 Corporate Structure 4 Incorporation and Registered Offices 4 Subsidiaries 4 Description of Our Business 5 General Summary 5 23-28; 32-36; 41-47 Strategic Imperatives 6 29-31 Our Competitive Strengths 6 Marketing and Distribution Channels 8 Our Networks 9 32-34; 54-69 Our Employees 12 Corporate Responsibility 13 Competitive Environment 15 54-57 Regulatory Environment 15 58-61 Intangible Properties 15 General Development of Our Business 17 Three-Year History (1) 17 Our Capital Structure 20 BCE Inc. Securities 20 112-114 Bell Canada Debt Securities 21 Ratings for BCE Inc. and Bell Canada Securities 21 Ratings for Bell Canada Debt Securities 22 Ratings for BCE Inc. Preferred Shares 22 Outlook 22 General Explanation 22 Explanation of Rating Categories Received for our Securities 24 Market for our Securities 24 Trading of our Securities 25 Our Dividend Policy 27 Our Directors and Executive Officers 28 Directors 28 Executive Officers 30 Directors’ and Executive Officers’ Share Ownership 30 Legal Proceedings 31 Lawsuits Instituted by BCE Inc.
    [Show full text]
  • WCTD Best Practices MANOEUVERING COVID-19
    FALL 2020 THE PUBLICATION FOR TIRE PROFESSIONALS FROM WESTERN CANADA TIRE DEALERS MANOEUVERINGMANOEUVERING COVID-19:COVID-19: WCTDWCTD BBestest PracticesPractices PLUS • Shymko: Maximizing the New Normal • Geleta: Canadian Tire Market Rebound • Tim’s Travels • Federated: Wildfre Plan and Protection Join one of Canada’s fastest growing retail tire brands. TIRECRAFT is a network of 250+ independantly owned and operated retail tire and automotive repair businesses across Canada. National Branding Preferred Programs Operational Support Digital/Traditional marketing and Access to exclusive tire and parts Training, coaching, performance groups a nationally recognized brand. programs at preferred pricing. based on proven proft-driving methods. Learn more about becoming a TIRECRAFT dealer today by contacting the representative closest to you. AB BC SK/MB Ray Lehman Gary Kopiak Dan Johnson 780-733-2239 250-300-1643 587-337-6848 [email protected] [email protected] [email protected] 2 The Tracker | January – March 2019 | www.wctd.ca tirecraft.com FALL 2020 Published by Western Canada Tire Dealers Publication Mail Agreement No.40050841 65 Woodbine Road, Sherwood Park, AB T8A 4A7 • Phone 780-554-9259 Return undeliverable Canadian addresses to: Circulation Department 65 Woodbine Road, Sherwood Park, AB T8A 4A7 WCTD EXECUTIVE 2020-2021 Email: [email protected] www.wctd.ca PRESIDENT - NEAL SHYMKO PAST PRESIDENT - PAUL MCALDUFF VICE PRESIDENT - TBA EXECUTIVE DIRECTOR - RAY GELETA We hope you find this issue of The Tracker informative, 65 Woodbine Road, Sherwood Park, AB T8A 4A7 educational and entertaining. We welcome your feedback and Phone 780-554-9259 Email: [email protected] invite you to submit any ideas you have for upcoming issues.
    [Show full text]
  • MARRC Annual Report 2020
    Manitoba Association for Resource Recovery Corp. Mr. Oil Drop MARRC 2020 ANNUAL REPORT Manitoba Association for Resource Recovery Corp. 35-1313 Border Street, Winnipeg, Manitoba R3H 0X4 Phone: (204) 632-5255 Fax: (204) 633-9380 Info Number: 1-888-410-1440 E-mail: [email protected] Web Site: www.usedoilrecycling.com Mr. Oil Drop THE FINE ART OF THE WILDERNESS A legacy of diverse and pristine wilderness for us and future generations to cherish and protect. Printed on recycled paper Beyak Lake, Manitoba Photo by Mike Karakas Table of Contents • Overview of MARRC 2 • Minister’s Letter of Approval 3 • Ambassador Program update 5 • MARRC Awaiting to Continue Participating in Schools 6 • MARRC Radio & Newspaper Media Partnerships 7 • Volumes Collected 8 • City of Winnipeg Collection Depot Network Expanding 10 • Manitoba’s Licensed Used Oil & Antifreeze Depot Map 11 • EcoCentre Network List 12 • Northern Manitoba Update 13 • Members of MARRC 14 • Financial Statements 15 • Board of Directors and Staff 29 Annual General Meeting Wednesday, April 28, 2021 10:00 am SARRC Hosting. Will be conducted virtually by conference call 1 MARRC - Making every drop count Overview of MARRC The Manitoba Association for Resource Recovery Corp. (MARRC) is a non-profit corporation established in 1997 by manufacturers and marketers of lubricating products in Manitoba. Its mandate is to develop, implement and administer a cost-effective, sustainable, user-financed, province-wide stewardship program for used oil, used oil filters and used oil containers. MARRC was incorporated under The Corporations Act of Manitoba on April 1, 1997. It operates in accordance with a Letter of Approval issued by Manitoba Environment on February 26, 1998 under Section 7 of the “Used Oil, Oil Filters and Containers Stewardship Regulation” of the Waste Reduction and Prevention Act.
    [Show full text]
  • NEI Corporate Engagement Focus List Q4 Update: December 2017
    NEI Corporate Engagement Focus List Q4 Update: December 2017 Company Overview ESG Issues Dialogue Results Holdings CONSUMER We wrote to Amazon in December 2017 in the context of our participation in a PRI investor collaboration engaging Amazon.com Inc is an companies on cybersecurity, for which we co-lead engagement NEI Ethical Global American electronic with Amazon on its cybersecurity governance and strategy Equity Fund commerce company and • Governance Matters - with Calvert Research and Management. The letter introduced Amazon one of the largest internet cybersecurity the investor collaboration and requested a meeting with the retailers in the world. company to discuss how the board of directors is involved in NEI Northwest www.amazon.com cybersecurity oversight, whether the company conducts Global Equity Fund regular cybersecurity audits and whether Amazon employees at all levels of the organisation receive cybersecurity training. We wrote to Aritzia in December 2017 to explain our proxy Aritzia is a Canadian voting decisions at the company's 2017 Annual General Meeting. We encouraged the company to address corporate women's fashion apparel • Governance Matters - governance issues such as executive compensation structures, NEI Ethical Special Aritzia and accessories retail executive compensation, say-on-pay, and composition of key board committees. In light company. board composition Equity Fund of the company's dual class share structure, we gave our www.aritzia.com perspective on the importance of including independent and diverse directors on the board. In the context of an investor collaboration we convened to Canadian Tire Corporation engage with Canadian Tire, we met with the company in NEI Ethical is a general retailer offering October 2017 to provide feedback on its 2017 sustainability Balanced Fund everyday products and disclosures, including expectations for responsible sourcing • Governance matters - Canadian Tire services through more than and carbon disclosure.
    [Show full text]
  • Pesticides Act
    Application for Investigation Part V, Environmental Bill of Rights, 1993 Suspected Violations of the Pesticides Act TO: Environmental Commissioner of Ontario 1075 Bay Street, Suite 605 Toronto, ON M5S 2B1 Tel: 416-325-3377 | Fax: 416-325-3370 [email protected] 1. Applicants: (a) Applicant Number One: Beatrice Olivastri CEO, Friends of the Earth Canada 251 Bank Street, 2nd Floor Ottawa, ON K2P 1X3 Tel: 613-241-0085 [email protected] (b) Applicant Number Two: John Bennett Senior Policy Advisor, Friends of the Earth Canada 251 Bank Street, 2nd Floor Ottawa, ON K2P 1X3 Tel: 613-291-6888 2. Alleged Contraveners: The Alleged Contraveners are the following corporations (“Retailers”) and their directors and officers: Corporation Location of Contravention (1) Canadian Tire Services Limited Canadian Tire #258 (“Canadian Tire”) 2180 Yonge Street, Suite 1800 1820 Merivale Road Toronto, Ontario M4S 2B9 Nepean, ON K2G 1E6 (2) Home Depot of Canada Inc. Home Depot (“Home Depot”) 1 Concorde Gate, Suite 400 1900 Baseline Road Toronto, Ontario M3C 4H9 Ottawa, ON K2C 0C6 (3) Lowe’s Companies, Inc. RONA Home & Garden (“RONA”) 1000 Lowe’s Boulevard 585 West Hunt Club Road Mooresville, NC 28117 USA Nepean, ON K2G 5X6 - 2 - 3. (a) Alleged Contraventions Act: Pesticides Act, RSO 1990, c P.11 Section: ss. 7.1(1), 4(a), and 49(1) and 49(3)(a) Reg.: O. Reg. 63/09 Section: s. 16 (b) Short description of the alleged contraventions In 2017, testing of ornamental flowering plants sold at the Canadian Tire, Home Depot, and RONA stores listed at Section 2, above, revealed residues of five Class 9 pesticides in concentrations above scientific standards of harm.1 Class 9 pesticides are prescribed for the purposes of subsection 7.1(1) of the Pesticides Act (the “Act”)2 in the accompanying Regulation3 and are not permitted for cosmetic purposes.
    [Show full text]
  • Annual Information Form Canadian Tire Corporation, Limited Table of Contents
    CANADIAN TIRE CORPORATION, LIMITED 2012 Annual Information Form February 21, 2013 ANNUAL INFORMATION FORM CANADIAN TIRE CORPORATION, LIMITED TABLE OF CONTENTS 1. Corporate Structure 1 2. Description of the Business 1 2.1 Retail Business 2 2.2 Financial Services Business 10 2.3 Seasonality of the Business 11 2.4 Intangible Properties 12 2.5 Economic Dependence 12 2.6 Lending 13 2.7 Financing of the Business 13 2.8 Risk Factors 13 2.9 Employees 15 2.10 Social and Environmental Policies 15 3. General Development of the Business 16 3.1 Retail Business Developments 16 3.2 Financial Services Business Developments 21 3.3 Other Business Developments 21 4. Capital Structure 23 4.1 Description of Capital Structure 23 4.2 Market for Securities 24 5. Dividends 25 6. Security Ratings 26 7. Transfer Agents and Registrars 27 8. Directors and Officers 27 9. Interests of Experts 32 10. Legal Proceedings and Regulatory Actions 32 11. Additional Information 33 ANNEX A – Audit Committee Mandate and Charter i Certain brands mentioned in this report are the trade-marks of Canadian Tire Corporation, Limited, Mark’s Work Wearhouse Ltd., FGL Sports Ltd. or used under license. Others are the property of their respective owners. CAUTIONARY NOTE REGARDING FORWARD LOOKING INFORMATION This Annual Information Form, and the documents incorporated by reference herein, contain forward-looking information that reflects management’s current expectations related to matters such as future financial performance and operating results of the Company. Forward-looking statements are provided for the purposes of providing information about management’s current expectations and plans and allowing investors and others to get a better understanding of our financial position, results of operation and operating environment.
    [Show full text]
  • REGISTERED STEWARDS (Registered As of 9/3/2013)
    REGISTERED STEWARDS (Registered as of 9/3/2013) PROVINCE / POSTAL REGISTRATION COMPANY NAME ADDRESS LINE 1 ADDRESS LINE 2 CITY STATE CODE / ZIP NUMBER 1000 ISLANDS RV CENTRE INC 409 COUNTY ROAD 2 EAST - GANANOQUE ONTARIO K7G2V4 1001566 2083359 ONTARIO INC 38 COLONEL BERTRAM RD - BRAMPTON ONTARIO L6Z4P3 1005074 2KOOL PERFORMANCE INC 1061 EDWARD STREET - PRESCOTT ONTARIO K0E1T0 1005535 417 NISSAN LTD 1599 STARTOP ROAD - GLOUCESTER ONTARIO K1B5P5 1000004 500 RETREADING INC 55 BLACK ROAD - SAULT STE MARIE ONTARIO P6B0A3 1005323 7227477 CANADA LTD 2737 KEELE STREET SUITE 716 - TORONTO ONTARIO M3M2E9 1005134 725 SPORTS PEFORMANCE 43 D PUTNAM INDUSTRIAL DRIVE - BELLEVILLE ONTARIO K8N4Z6 1005298 A AND D FABRICATING LTD 34 GOLDENGATE COURT 10 - SCARBOROUGH ONTARIO M1P4M8 1005441 A DIVISION OF TOROMONT IND LTD 3131 HIGHWAY 7 WEST - CONCORD ONTARIO L4K1B7 1005280 AC TIRE SALES & SERVICE INC 1264 NAFZIGER RD - BADEN ONTARIO N3A3G8 1001586 ACTION TIRE CENTRE 1145 CARRICK STREET - THUNDER BAY ONTARIO P7B6M3 1001608 ACTION TRALIER SALES INC 2332 DREW ROAD - MISSISSAUGA ONTARIO L5S1B8 1005109 ACTION VAN & TRUCK WORLD 200 HORSMAN ROAD - MONCTON NEW BRUNSWICK E1E0E8 1005731 ADMIRAL DRIVE SYSTEM INC 531 ADMIRAL DRIVE - LONDON ONTARIO N5V4L6 1005073 ADVANCE ENGINEERED PRODUCTS LTD 100 COSTA ROAD - CONCORD ONTARIO L4K1N2 1005484 ADVANCE TRAILER MANUFACTURING 563 MONTEE PRINCIPALE - AZILDA ONTARIO P0M1B0 1001677 ADVANCED TIRE 775512 BLANDFORD ROAD R R 2 - INNERKIP ONTARIO N0J1M0 1005605 ADVANTAGE FARM EQUIPMENT LTD 392 BROADWAY ST - WYOMING ONTARIO N0N1T0
    [Show full text]
  • Dear Valued Customer, I Know That for Many Canadians, the Last Few Days
    Dear valued customer, I know that for many Canadians, the last few days have heightened feelings of concern and uncertainty around COVID-19. Right now, we are focused on how we can continue to serve our communities in this time of need, while also being part of the solution. We have made the decision to close all of our non-essential retail banners across Canada until April 2, 2020. This includes our Mark’s/L’Équipeur, SportChek, Atmosphere, Party City, Pro Hockey Life, National Sports and PartSource stores. Customers can continue to shop across our family of companies online. We know that for many employees, store closures can lead to financial stress – please note that during the closure period our full and part-time employees will be paid. At this time, our Canadian Tire Retail stores will remain open, but with reduced hours. Our Canadian Tire Retail stores are doing everything they can to deliver on the essential products Canadians need. We are committed to doing our best to continue helping you navigate through this challenge, and this includes providing the essential products, while protecting the health and well-being of our employees and customers. Please check with your local Canadian Tire store for updated hours of operation. You can of course shop Canadian Tire online at canadiantire.ca by using our click-and-collect or deliver-to-home options. As online orders increase, it may take us longer than usual to ship your items, and we ask that you try and remain patient with us. If you plan to visit one of our Canadian Tire Retail stores, know that we are continuing to take precautions such as enhanced cleaning of our stores and encouraging strong hygiene practices among our team members.
    [Show full text]
  • Download Full Paper · 1MB
    WHARTON REAL ESTATE REVIEW SPRING 2012 Creating a New Suburban Town Center WITOLD RYBCZYNSKI Tougher economic times, lack of consumer confidence, and rising energy prices are likely to curtail distant ex-urban development in the decades to come, and one of the challenges for real estate developers will be to infill and densify suburban areas. Altering zoning and raising densities in existing residential areas will not be easy, however, not only because of neighborhood opposition to change, but also because most housing in the last three decades has been built as part of planned communities. These communities are governed not by municipal regulations, which can (with difficulty) be changed, but by homeowner associations that have been created in order to make change almost impossible. Housing aside, there is also the problem of how to convert suburban commercial development, which has generally occurred in a piecemeal and uncoordinated fashion, into concentrated, walkable, attractive town centers. Despite the current fashion for lifestyle centers that mimic the Main Street environment of small towns, the suburban centers of the future will not necessarily resemble the downtowns of the past. What follows is an example of how out- of-the-box thinking—and a public-private partnership—produced an innovative solution to a complicated problem. The Deal More than three decades ago, recognizing that the growth of the city of Vancouver was constrained by its location on a peninsula, hemmed in by surrounding water and mountains, Metro Vancouver developed a regional plan—theLivable Region Plan—to direct urban growth into surrounding suburban municipalities. Most urbanization was expected to occur in the southeast, down the broad Fraser Valley.
    [Show full text]
  • Xm Kicks Off Satellite Radio Era in Canada with Launch of Service Today
    NEWS RELEASE XM KICKS OFF SATELLITE RADIO ERA IN CANADA WITH LAUNCH OF SERVICE TODAY 12/23/2005 EXCLUSIVE OFFER FOR XM CANADA FOUNDERS CLUB MEMBERS TO BUY SATELLITE RADIOS ON-LINE STARTING TODAY Washington D.C., November 23, 2005 -- XM Canada today announced the launch of Canada's first satellite radio service with an exclusive offer to its Founders Club members to purchase XM satellite radios and sign-up for service on-line starting today. "This is an historic day for consumer choice, for music lovers, hockey fans and for all Canadians, rural and urban," said Stephen Tapp president and COO, XM Canada. "XM Canada is on the air and signing up subscribers. To our thousands of supporters, XM Canada has delivered on its promise to be the first to bring Canada the greatest technological evolution in radio in the past 60 years." More than 4,500 Canadians pre-registered for XM over the last month by signing up to be members of XM Canada's Founders Club. Now, those dedicated fans will be the first to be able to purchase XM radios online and begin subscribing to the XM Canada service. They are the trailblazers who couldn't wait for XM's originally-produced programming, including 100 percent commercial-free music and the best in news, sports, news, talk and entertainment. In addition to being the first in Canada to sign up for satellite radio, the first 1,000 Founders Club members to order will receive the Delphi RoadyXT for only $79.99, a savings of more than 35% off MSRP.
    [Show full text]
  • February 26, 2010 RECALL RCL10-14 Techtronic Industries, Co
    RECALL RCL10-14 February 26, 2010 Techtronic Industries, Co. Ltd. Recalls Mastercraft 18V Battery Chargers for Cordless Drills Toronto, ON – The Electrical Safety Authority is in a drill kit and a model 54-2772-2 combo kit. The notifying the public that Techtronic Industries, Co. LTD. chargers are black, the name “Mastercraft,” appears on has announced a voluntary recall of the following the front of the charging stand, and “18v” appears in the consumer product. Consumers should stop using recalled charging stand at the bottom of the receptacle for the products immediately. battery stem. One hour versions of the charger are not affected. Name of Product: Mastercraft battery charger model 54- 2973-4, 3 hour 18 V battery charger. Sold by: Canadian Tire Units: Approximately 75,000 chargers were sold in When was distributed: Between 2000 and 2009. Canada. Manufactured in: China Manufacturer/Importer: Techtronic Industries Co., Ltd. Remedy: Techtronic Industries will provide consumers with a replacement charger. Consumers should stop using Hazard: Drill Charger may overheat. the existing charger and contact Techtronic Industries at the number provided below for instructions and Incidents/Injuries: No injuries reported. There have information on having the free replacement charger been incidents where damage to the charger and/or minor shipped to them. property damage occurred. Consumer Contact: Customers should contact Description/Models: The recall involves the Mastercraft Techtronic Industries toll-free at 1-800-597-9624, for model 54-2973-4 battery charger distributed with the further information and a free replacement charger. Mastercraft 18V model 54-2973-4 Drill. Both were sold Charger © Electrical Safety Authority (ESA) is responsible for public electrical safety in Ontario.
    [Show full text]
  • Meet Emerging Leaders Reinventing How Canada Does Business
    FIGHTING ANTI-BLACK MAKING PUBLIC TRANSIT BUILDING A GENERATION CREATING A ONE-PERSON RACISM IN THE COURTS AS CONVENIENT AS OF INDIGENOUS ELECTRIC FLYING CAR —AND ON BAY STREET CALLING AN UBER ENTREPRENEURS (YES, REALLY) 50MEET EMERGING LEADERS REINVENTING HOW CANADA DOES BUSINESS ATRISHA LEWIS PARTNER, MCCARTHY TÉTRAULT MARCH 2021 Looking for your moneyto make money? Askfor theexpertise of Fidelity. !*("#)&%'+$StayAhead WANT TO MAKE THEMOSTOF YOUR MONEY? SCAN HERE STAY AHEAD ©2021 Fidelity Investments Canada ULC.All rights reserved. Fidelity Investments is aregistered trademark of Fidelity Investments Canada ULC. 442679-v20201130 Contents 2 EDITOR’S NOTE 4 SEVEN THINGS The big surge in CHANGE MAKERS streaming services, Meet 50 emerging leaders working to find pragmatic increasing your sales solutions to the world’s most daunting problems, including by growing a beard climate change, racial injustice, gender inequity, Indigenous and the search for reconciliation and gaps in the education system. Because more complete ways of we could all use some signs of hope in these grim times. measuring workforce /By Rosemary Counter and Katie Underwood diversity 7 NEED TO KNOW Pantonium’s If employers really want Remi Desa is to increase women’s transforming public transit representation, the faster for the Uber they do it, the better age. Page 18 9 BIG IDEA 36 ESG investing is now OIL CHANGE all the rage, but does it Why a pandemic that actually pay off? The clobbered global oil answers aren’t clear yet prices is actually a good thing for Canada’s 11 ASK AN EXPERT Most people aren’t as oil sands producers bad at giving Zoom (or at least it could be).
    [Show full text]