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Jason Kenney and Government of Alberta announce $27.8 million investment to Exhibition Park – Lethbridge News Now

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Exhibition Park project — Credit to Exhibition Park

By Connor Gunn

Jun 30, 2020

LETHBRIDGE, AB– Jason Kenney’s visit to Lethbridge on Tuesday (June 30), brought good news, as the Premier announced 27.8 million dollars for the revitalization of Lethbridge’s Exhibition Park.

$27.8 million of the $70 million project will come from the Alberta Government. The investment in the agri-food hub, part of the centre’s larger redevelopment project, will serve as an anchor for growth of Alberta’s value-added food sector.

The Government announced, “The project will generate 400 construction jobs and an estimated 50 incremental jobs after completion. Its estimated ongoing economic impact will grow to $90 million annually, an economic boost to Lethbridge and southern Alberta.”

Kenney noted Alberta’s agriculture and agri-food sector is a cornerstone of our economic recovery plan.

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NorthWest Healthcare Properties Real Estate Investment Trust Announces July 2020 Distribution – Canada NewsWire

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TORONTO, July 15, 2020 /CNW/ – NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) (the “REIT”) announced today that the Trustees of the REIT have declared a distribution of $0.06667 per unit for the month of July 2020, representing $0.80 per unit on an annualized basis. The distribution will be payable on August 14, 2020, to unitholders of record as at July 31, 2020.

About NorthWest Healthcare Properties Real Estate Investment Trust

NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT provides investors with access to a portfolio of high quality international healthcare real estate infrastructure comprised of interests in a diversified portfolio of 183 income-producing properties and 15.2 million square feet of gross leasable area located throughout major markets in Canada, Brazil, Europe, Australia and New Zealand. The REIT’s portfolio of medical office buildings, clinics, and hospitals is characterized by long term indexed leases and stable occupancies. With a fully integrated and aligned senior management team, the REIT leverages over 230 professionals across nine offices in seven countries to serve as a long-term real estate partner to leading healthcare operators.

This press release contains forward-looking statements which reflect the REIT’s current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. The REIT disclaims any obligation to update these forward-looking statements.

SOURCE NorthWest Healthcare Properties Real Estate Investment Trust

For further information: Paul Dalla Lana, CEO at (416) 366-8300 x 1001.

Related Links

http://www.nwhp.ca/Home/main.aspx

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As geopolitical tensions rise, Chinese investment into Canada continues to fall, data show – National Post

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OTTAWA — Chinese investment into Canada has continued to decline amid souring relations between the two countries, according to new data.

Total Chinese investment into Canada totalled $3.1 billion in 2019, according to data from the University of Alberta’s China Institute. That figure is well below the previous four-year average of roughly $5 billion per year, and lower still than pre-2015 levels when Chinese investment into Canadian natural resources was running at a record high.

A separate set of recent data, from the Asia-Pacific Foundation of Canada, shows Chinese investment totalling $21 billion between 2016 and 2019, down from $27 billion in the four years between 2012 and 2015.

The steady decline comes amid fraught relations between the federal Liberal Party and the Communist Party of China, which have deteriorated since the arrest of Huawei chief financial executive Meng Wanzhou. Canadian authorities arrested Meng, daughter of Huawei founder Ren Zhengfei, in December 2018 at the request of U.S. officials.

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Bridgit announces $7 million investment led by Autodesk – Daily Commercial News

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TORONTO — Construction workforce planning software company Bridgit recently announced it has raised a US$7 million investment led by Autodesk with support from EDC as well as existing investors Salesforce Ventures, Sands Capital, BDC and Standup Ventures.

The company will use the investment to “to increase its aggressive pace of technology innovation, add new partner integrations and build more advanced features, all of which will help contractors better understand their workforce utilization and resource planning,” a release stated.

“Over the last three months, Bridgit has experienced a 72 per cent increase in usage across our customer base, both in the U.S. and Canada. With construction recently restricted and projects delayed, contractors have needed to shift their processes and are demanding the workforce data and insights that Bridgit provides,” Bridgit CEO and co-founder Mallorie Brodie said in the statement.

“The new funding will allow us to empower contractors to use their resources effectively, build more efficiently, and with Autodesk, have a more complete picture of people and projects across their organization.”

In addition to Bridgit, Autodesk has also recently invested in other construction-focused software such as Aurigo, which provides enterprise software products for planning, building and maintaining large capital assets and infrastructure. Autodesk also acquired Assemble and PlanGrid in 2018 and BuildingConnected in 2019.

“Planning and managing resources for construction projects is difficult in the best conditions, and today’s work environment creates even greater challenges,” said Autodesk Construction Solutions vice-president and general manager Jim Lynch.

“Bridgit gives contractors greater visibility and control by providing them with the actionable insights they need to optimize resources for project success and long-term business resiliency. The strong adoption of Bridgit’s solution underscores the value of connecting people and data across the entire building lifecycle.”

Located in Ontario and founded in 2014, Bridgit has raised US$15.7 million inclusive of this round. In 2019, Bridgit launched Bridgit Bench, a construction workforce planning platform.

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