Investment

Leadership investment will ensure the future of Southern Alberta’s critically ill newborns are not determined by the condition of their birth.

Published

2 years ago

December 14, 2022

TransAlta is investing $2 million in the future of Southern Alberta families with their generous donation to Calgary Health Foundation’s Newborns Need campaign.

Calgary, AB, Dec. 14, 2022 (GLOBE NEWSWIRE) — Southern Alberta has a significant rate of critically ill and preterm births requiring the care of the neonatal intensive care unit (NICU). When these babies are born too sick, too early and too small, they are immediately transferred to the highly specialized, perinatal care team at the Foothills Medical Centre. As Southern Alberta’s population continues to grow, our health system must be prepared to care for an ever-increasing number of tiny, vulnerable patients and their families.

TransAlta has stepped forward as the largest corporate contributor to the Newborns Need campaign. Their commitment is critical to creating a sustainable future where investments in vital health initiatives create a better future for Southern Alberta’s families. This investment from TransAlta will support the growth of the Foothills Level 3 NICU from 39 to 58 beds, as part of the overall $66 million Newborns Need campaign.

“TransAlta invests in the communities where our people live and work in order to create a meaningful impact. Our investments fill a recognized need and support the sustainability, diversity and youth in these communities,” said Executive Vice President of Legal, Commercial, and External Affairs Kerry O’Reilly Wilks. “We are pleased to be able to make a difference for the families across Southern Alberta who will utilize this NICU.”

With the support of this investment, Calgary Health Foundation will help to build the most advanced and innovative NICU in Canada. The planned ‘down to the studs’ renovation will provide capacity for newborn babies for the next 20 to 30 years and generate vital information through clinical research to lower the rate of preterm births in Southern Alberta. Calgary Health Foundation looks forward to recognizing TransAlta for their significant gift as the space becomes a reality.

“TransAlta’s milestone investment contributes to a state-of-the-art, Level 3 NICU facility for Southern Albertans. Their gift improves the lives and health outcomes of our most precious gifts in the areas it operates. The $2 million commitment ensures families from the province’s southern border to Red Deer county receive exceptional care and transformational outcomes for the most at-risk newborns,” says Sandy Edmonstone, Board Chair, Calgary Health Foundation.

Colten and Chelsea Bodie, from Lethbridge County, spent 94 days in the Foothills Medical Centre NICU with their son, Blair who was born at 27 weeks, 4 days weighing 1,234 grams. Blair needed emergency transport to Foothills Medical Centre NICU with the support of the southern Alberta neonatal transport team. Today, a bright, healthy and vibrant young boy, he recently celebrated his third birthday. Blair’s parents, Colten and Chelsea, are forever grateful for the care that Blair received in the NICU. It is families like the Bodie’s who will continue to benefit from the world class care at Foothills Medical Centre NICU, thanks to the generous gift from TransAlta.

“Foothills staff are angels on earth. We would not have our precious little man without them. They literally laughed with us, cried with us, fought with and for us. He was loved as if surrounded by family there. We could thank them for a lifetime and it wouldn’t be enough.” Chelsea Bodie

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Investment

Tesla shares soar more than 14% as Trump win is seen boosting Elon Musk’s electric vehicle company

Published

3 days ago

November 6, 2024

Anne Joseph

NEW YORK (AP) — Shares of Tesla soared Wednesday as investors bet that the electric vehicle maker and its CEO Elon Musk will benefit from Donald Trump’s return to the White House.

Tesla stands to make significant gains under a Trump administration with the threat of diminished subsidies for alternative energy and electric vehicles doing the most harm to smaller competitors. Trump’s plans for extensive tariffs on Chinese imports make it less likely that Chinese EVs will be sold in bulk in the U.S. anytime soon.

“Tesla has the scale and scope that is unmatched,” said Wedbush analyst Dan Ives, in a note to investors. “This dynamic could give Musk and Tesla a clear competitive advantage in a non-EV subsidy environment, coupled by likely higher China tariffs that would continue to push away cheaper Chinese EV players.”

Tesla shares jumped 14.8% Wednesday while shares of rival electric vehicle makers tumbled. Nio, based in Shanghai, fell 5.3%. Shares of electric truck maker Rivian dropped 8.3% and Lucid Group fell 5.3%.

Tesla dominates sales of electric vehicles in the U.S, with 48.9% in market share through the middle of 2024, according to the U.S. Energy Information Administration.

Subsidies for clean energy are part of the Inflation Reduction Act, signed into law by President Joe Biden in 2022. It included tax credits for manufacturing, along with tax credits for consumers of electric vehicles.

Musk was one of Trump’s biggest donors, spending at least $119 million mobilizing Trump’s supporters to back the Republican nominee. He also pledged to give away $1 million a day to voters signing a petition for his political action committee.

In some ways, it has been a rocky year for Tesla, with sales and profit declining through the first half of the year. Profit did rise 17.3% in the third quarter.

The U.S. opened an investigation into the company’s “Full Self-Driving” system after reports of crashes in low-visibility conditions, including one that killed a pedestrian. The investigation covers roughly 2.4 million Teslas from the 2016 through 2024 model years.

And investors sent company shares tumbling last month after Tesla unveiled its long-awaited robotaxi at a Hollywood studio Thursday night, seeing not much progress at Tesla on autonomous vehicles while other companies have been making notable progress.

Tesla began selling the software, which is called “Full Self-Driving,” nine years ago. But there are doubts about its reliability.

The stock is now showing a 16.1% gain for the year after rising the past two days.

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Investment

S&P/TSX composite up more than 100 points, U.S. stock markets mixed

Published

3 weeks ago

October 16, 2024

Anne Joseph

TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 103.40 points at 24,542.48.

In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.

The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.

The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.

The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.

This report by The Canadian Press was first published Oct. 16, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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Economy

S&P/TSX up more than 200 points, U.S. markets also higher

Published

4 weeks ago

October 11, 2024

Anne Joseph

TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.

The S&P/TSX composite index was up 205.86 points at 24,508.12.

In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.

The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.

The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.

The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.

This report by The Canadian Press was first published Oct. 11, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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