CIBC donates $150,000 to support communities impacted by wildfires in Alberta, Manitoba and Saskatchewan
TORONTO, May 30, 2025 /CNW/ - CIBC announced today that CIBC Foundation will be donating $50,000 each from its Alberta Emergency Relief Fund, Manitoba Emergency Relief Fund and Saskatchewan Emergency Relief Fund to provide support to those affected by the wildfires and evacuation efforts across impacted areas. Furthermore, donations received through these funds will be used to provide continued assistance to local organizations to promote relief and restoration efforts in the future.
"CIBC stands with our clients, our team and communities to support the evacuation and relief efforts in Alberta, Manitoba and Saskatchewan due to these destructive wildfires," said Heather Wagner, Senior Vice-President and Region Head for Central Canada, CIBC. "During this difficult time, our thoughts are with everyone who has been impacted."
In addition, for clients who are impacted across these provinces, CIBC is providing the following financial relief, advice, and support:
Re-amortizing mortgages to lower payments
Special payment arrangements and deferrals on loans and lines of credit
Conversion of Aventura® points into cash payment for applicable credit cards
Debt consolidation for more manageable payments
To support those affected by the wildfires, donations can be made through the CIBC Foundation Alberta Emergency Relief Fund, the CIBC Foundation Manitoba Emergency Relief Fund and the CIBC Foundation Saskatchewan Emergency Relief Fund.
www.cibc.com/ca/media-centre.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
2 hours ago
- Cision Canada
First Ministers' statement on building a strong Canadian economy and advancing major projects
SASKATOON, SK, June 2, 2025 /CNW/ - "Today, Canada's First Ministers met in Saskatoon, Saskatchewan, to build a stronger, more competitive, and more resilient Canadian economy. This marks the first time that a First Ministers' Meeting has taken place in Saskatchewan in over 40 years. "First Ministers expressed their deep concern regarding the wildfire situations across Canada, including in Manitoba, Saskatchewan, and Alberta, and pledged to continue to provide assistance and support to impacted provinces, territories, and Indigenous communities. "First Ministers discussed the federal government's plan to remove trade barriers and advance major projects of national interest, including by tabling their One Canadian Economy legislation, so Canada can be stronger at home and abroad. "First Ministers agreed to work together to accelerate major projects in support of building a strong, resilient, and united Canada. As a first step, First Ministers discussed projects of national interest which fit the following criteria, subject to consultation with Indigenous Peoples whose rights may be affected: Strengthen Canada's autonomy, resilience, and security. Offer undeniable benefits to Canada and support economic growth. Have a high likelihood of successful execution. Are a high priority for Indigenous leaders. Have clean growth potential, such as the use of clean technologies and sustainable practices. "First Ministers also agreed to continue the discussion on projects of national interest, working with provincial and territorial governments. "This is a first step in implementing a broader set of reforms to overhaul the project assessment process. A significantly improved, streamlined project assessment process is necessary for Canada to grow its economy to become the strongest in the G7 and a global energy superpower. "First Ministers are committed to immediately begin to address project approval and permitting efficiency and timelines for all projects. Premiers welcomed the Prime Minister's commitment to ensuring all federal assessment decisions are rendered within two years, beginning with projects of national interest. First Ministers also agreed to work toward efficiently and effectively implementing 'one project, one review' with the goal of a single assessment for all projects, in a manner that respects federal, provincial, and territorial jurisdiction, enhancing co-ordination activities on permitting and eliminating duplication. This will help kickstart economic growth and ensure that projects get built in a timely manner. First Ministers pledged to fulfil the Crown's duty to consult with Indigenous Peoples and discussed ways to strengthen Indigenous ownership and partnerships to provide Indigenous communities with generational economic opportunities. "Nation-building infrastructure and corridors, such as highways, railways, ports, airports, pipelines, nuclear projects, clean and conventional energy projects, and electricity transmission systems, are crucial for driving Canadian productivity growth, energy security, and economic competitiveness. First Ministers agreed that Canada must work urgently to get Canadian natural resources and commodities to domestic and international markets, such as critical minerals and decarbonized Canadian oil and gas by pipelines, supported by the private sector, that provide access to diversified global markets, including Asia and Europe. First Ministers also agreed to build cleaner and more affordable electricity systems to reduce emissions and increase reliability toward achieving net zero by 2050. In order to generate economic and social benefits, this work must be done by bringing together the right conditions, including Indigenous equity and participation, and deferring to provincial and territorial environmental assessments, where applicable. "First Ministers also discussed needed investments in dual-use infrastructure in Northern and Arctic communities that will address Canada's Arctic sovereignty and security goals, meet local community needs, advance national energy independence, and unlock the North's economic potential. Indigenous equity and participation will be pivotal to the success of these projects. Premiers acknowledged the federal commitment to move quickly to improve Canada's defence capabilities and meet international spending targets. "Through recent federal, provincial, and territorial efforts and actions led by the Committee on Internal Trade and the Forum of Labour Market Ministers, significant progress has been made toward removing internal trade barriers and further facilitating the movement of goods, services, and workers across the country. Recognizing there is more work to do, First Ministers committed to unlock multilateral, economy-wide mutual recognition and labour mobility, while respecting Québec's specificity. First Ministers directed the Committee on Internal Trade to rapidly conclude a comprehensive Mutual Recognition Agreement covering consumer goods, in alignment with the Committee on Internal Trade discussions, with implementation by December 2025. In addition, they directed their Ministers of Transport to work together to rapidly expand the trucking pilot. They also agreed to a 30-day service standard for pan-Canadian credential recognition. "First Ministers also stressed the importance of creating a new economic and security relationship with the United States to remove the unjustified American tariffs – including longstanding unjustified duties on softwood lumber – and create a more stable and predictable trade environment. They underscored they all have a role to play to achieve this. "The federal government committed to working urgently to remove Chinese tariffs on Canadian agriculture and seafood products. First Ministers emphasized the critical importance of regular and ongoing engagement with China at the highest level to improve the overall trade relationship. In the face of ongoing tariffs, they also discussed opportunities to diversify trade and broaden market access for Canadian exporters. "First Ministers emphasized the importance of joint efforts to maintain safe and secure communities, including by enhancing the criminal justice system through meaningful and urgent bail and sentencing reforms supporting law enforcement, addressing delays in the criminal justice process, and reviewing risk assessment for sentencing and release of repeat sex offenders and individuals charged with intimate partner violence and gender-based violence crimes. First Ministers recognized the devastating impact the toxic illegal drug supply is having on Canadian communities and committed to dismantling the illicit drug trade, including fentanyl and its precursors. First Ministers directed federal-provincial-territorial Attorneys General and Ministers of Justice and Public Safety to bring forward an action plan to promote safe and vibrant communities for consideration at a future meeting. "First Ministers agreed to continue to work collaboratively and address the priorities of all Canadians in every region of the country. To that end, they will meet regularly to drive action on shared priorities vital to Canada's security and economic resilience."
Globe and Mail
4 hours ago
- Globe and Mail
Pembina Pipeline Corporation Announces $200 Million Subordinated Note Offering
Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it has agreed to issue $200 million aggregate principal amount of 5.95% Fixed-to-Fixed Rate Subordinated Notes, Series 2 (the "Series 2 Notes") due June 6, 2055 (the "Offering"). This press release features multimedia. View the full release here: The Offering is expected to close on or about June 6, 2025, subject to customary closing conditions. Pembina intends to use the net proceeds of the Offering to fund the redemption of its outstanding Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 19 (TSX: (the "Series 19 Class A Preferred Shares") and for general corporate purposes. Pending any such use of the net proceeds of the Offering, Pembina may either invest the net proceeds from the issuance of the Series 2 Notes in bank deposits and/or other money market instruments or temporarily reduce short-term indebtedness. The Series 2 Notes are being offered through a syndicate of underwriters, co-led by CIBC Capital Markets, BMO Capital Markets and Scotiabank, under Pembina's short form base shelf prospectus dated December 13, 2023, as supplemented by a prospectus supplement to be dated on or about June 2, 2025. Following closing of the Offering, Pembina intends to commence a consent solicitation from holders of its $600 million aggregate principal amount of 4.80% Fixed-to-Fixed Rate Subordinated Notes, Series 1 due January 25, 2081 (the "Series 1 Notes") to amend the indenture governing the Series 1 Notes to, among other things, provide for an exchange right to allow the holders of the Series 1 Notes to exchange all outstanding principal amount of their Series 1 Notes for an equal principal amount of a new series of notes (the "Series 3 Notes") having substantially the same economic terms, including interest rate, interest payment dates, interest reset dates, maturity date and redemption provisions as the Series 1 Notes, but excluding provisions of the Series 1 Notes regarding delivery of preferred shares upon the occurrence of certain bankruptcy and related events, together with an entitlement under the Series 3 Notes for payment of an amount equal to the interest accrued on the Series 1 Notes that are exchanged. The removal of the provisions for delivery of preferred shares upon the occurrence of certain bankruptcy and related events from the Series 3 Notes would ensure that the Series 3 Notes rank equally in right of payment with the Series 2 Notes upon the occurrence of such events. The terms of the consent solicitation and proposed amendments to the indenture governing the Series 1 Notes will be described in a consent solicitation statement to be delivered to the registered holders of Series 1 Notes. Pembina reserves the right not to commence the consent solicitation, or terminate, withdraw, extend or modify the terms of the consent solicitation, in its sole discretion. This news release does not constitute an offer to sell or the solicitation of an offer to buy the Series 2 Notes in any jurisdiction. The Series 2 Notes being offered have not been approved or disapproved by any regulatory authority. The Series 2 Notes have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities law, and may not be offered or sold within the United States or to, or for the account or benefit of, United States persons. About Pembina Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America's energy industry for more than 70 years. Pembina owns an extensive network of strategically-located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities. For more information, please visit Purpose of Pembina: We deliver extraordinary energy solutions so the world can thrive. Pembina is structured into three Divisions: Pipelines Division, Facilities Division and Marketing & New Ventures Division. Pembina's common shares trade on the Toronto and New York stock exchanges under PPL and PBA, respectively. For more information, visit Forward-Looking Information and Statements This news release contains certain forward-looking statements and forward-looking information (collectively, "forward-looking statements"), including forward-looking statements within the meaning of the "safe harbor" provisions of applicable securities legislation that are based on Pembina's current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In some cases, forward-looking statements can be identified by terminology such as "expect", "intend", "will", "shall", and similar expressions suggesting future events or future performance. In particular, this news release contains forward-looking statements relating to: the Offering, including: the anticipated closing date of the Offering and the intended use of the net proceeds of the Offering; and the redemption of the Series 19 Class A Preferred Shares, including the occurrence thereof; Pembina's intention to commence a consent solicitation to amend the indenture governing the Series 1 Notes, including the terms thereof and the terms of the Series 3 Notes, and the delivery of a consent solicitation statement in connection therewith. These forward-looking statements are based on certain assumptions that Pembina has made in respect thereof as at the date of this news release, including: oil and gas industry exploration and development activity levels and the geographic region of such activity; that favourable market conditions exist; the success of Pembina's operations; prevailing commodity prices, interest rates, carbon prices, tax rates and exchange rates; the ability of Pembina to maintain current credit ratings; the availability of capital to fund future capital requirements relating to existing assets and projects; future operating costs; geotechnical and integrity costs; that all required regulatory and environmental approvals can be obtained on the necessary terms in a timely manner; prevailing regulatory, tax and environmental laws and regulations; maintenance of operating margins; and certain other assumptions in respect of Pembina's forward-looking statements detailed in Pembina's Annual Information Form for the year ended December 31, 2024 (the "AIF") and Management's Discussion and Analysis for the year ended December 31, 2024 (the "Annual MD&A"), which were each filed on SEDAR+ on February 27, 2025, in Pembina's Management's Discussion and Analysis for the three months ended March 31, 2025 (the "Interim MD&A"), which was filed on SEDAR+ on May 8, 2025, and from time to time in Pembina's public disclosure documents available at and through Pembina's website at These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties, including, but not limited to: the regulatory environment and decisions and Indigenous and landowner consultation requirements; the impact of competitive entities and pricing; reliance on third parties to successfully operate and maintain certain assets; the strength and operations of the oil and natural gas production industry and related commodity prices; non-performance or default by counterparties to agreements with Pembina or one or more of its affiliates; actions taken by governmental or regulatory authorities; the ability of Pembina to acquire or develop the necessary infrastructure in respect of future development projects; fluctuations in operating results; adverse general economic and market conditions in Canada, North America and worldwide; the ability to access various sources of debt and equity capital; changes in credit ratings; counterparty credit risk; and certain other risks and uncertainties detailed in the AIF, Annual MD&A, Interim MD&A and from time to time in Pembina's public disclosure documents available at and through Pembina's website at In addition, the closing of the Offering and the redemption of the Series 19 Class A Preferred Shares may not be completed, or may be delayed, if the conditions to the completion thereof are not satisfied on the anticipated timeline or at all. Accordingly, there is a risk that the Offering will not be completed and the Series 19 Class A Preferred Shares may not be redeemed within the anticipated time, on the terms currently proposed, or at all. Further, the consent solicitation to amend the indenture governing the Series 1 Notes may not be commenced, or, if commenced, may be delayed or terminated, and there is a risk that the Series 1 Notes may not be exchanged for Series 3 Notes. The intended use of the net proceeds of the Offering by Pembina may change if the board of directors of Pembina determines that it would be in the best interests of Pembina to deploy the proceeds for some other purpose and there can be no guarantee as to how or when such proceeds may be used. Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. The forward-looking statements contained in this news release are expressly qualified by the above statements. Pembina does not undertake any obligation to publicly update or revise any forward-looking statements or information contained herein, except as required by applicable laws.
National Post
4 hours ago
- National Post
Pembina Pipeline Corporation Announces $200 Million Subordinated Note Offering
Article content CALGARY, Alberta — Pembina Pipeline Corporation ('Pembina' or the 'Company') (TSX: PPL; NYSE: PBA) announced today that it has agreed to issue $200 million aggregate principal amount of 5.95% Fixed-to-Fixed Rate Subordinated Notes, Series 2 (the 'Series 2 Notes') due June 6, 2055 (the 'Offering'). Article content Article content The Offering is expected to close on or about June 6, 2025, subject to customary closing conditions. Pembina intends to use the net proceeds of the Offering to fund the redemption of its outstanding Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 19 (TSX: (the 'Series 19 Class A Preferred Shares') and for general corporate purposes. Pending any such use of the net proceeds of the Offering, Pembina may either invest the net proceeds from the issuance of the Series 2 Notes in bank deposits and/or other money market instruments or temporarily reduce short-term indebtedness. Article content The Series 2 Notes are being offered through a syndicate of underwriters, co-led by CIBC Capital Markets, BMO Capital Markets and Scotiabank, under Pembina's short form base shelf prospectus dated December 13, 2023, as supplemented by a prospectus supplement to be dated on or about June 2, 2025. Article content Following closing of the Offering, Pembina intends to commence a consent solicitation from holders of its $600 million aggregate principal amount of 4.80% Fixed-to-Fixed Rate Subordinated Notes, Series 1 due January 25, 2081 (the 'Series 1 Notes') to amend the indenture governing the Series 1 Notes to, among other things, provide for an exchange right to allow the holders of the Series 1 Notes to exchange all outstanding principal amount of their Series 1 Notes for an equal principal amount of a new series of notes (the 'Series 3 Notes') having substantially the same economic terms, including interest rate, interest payment dates, interest reset dates, maturity date and redemption provisions as the Series 1 Notes, but excluding provisions of the Series 1 Notes regarding delivery of preferred shares upon the occurrence of certain bankruptcy and related events, together with an entitlement under the Series 3 Notes for payment of an amount equal to the interest accrued on the Series 1 Notes that are exchanged. The removal of the provisions for delivery of preferred shares upon the occurrence of certain bankruptcy and related events from the Series 3 Notes would ensure that the Series 3 Notes rank equally in right of payment with the Series 2 Notes upon the occurrence of such events. The terms of the consent solicitation and proposed amendments to the indenture governing the Series 1 Notes will be described in a consent solicitation statement to be delivered to the registered holders of Series 1 Notes. Pembina reserves the right not to commence the consent solicitation, or terminate, withdraw, extend or modify the terms of the consent solicitation, in its sole discretion. Article content This news release does not constitute an offer to sell or the solicitation of an offer to buy the Series 2 Notes in any jurisdiction. The Series 2 Notes being offered have not been approved or disapproved by any regulatory authority. The Series 2 Notes have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities law, and may not be offered or sold within the United States or to, or for the account or benefit of, United States persons. Article content About Pembina Article content Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America's energy industry for more than 70 years. Pembina owns an extensive network of strategically-located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities. For more information, please visit Article content Purpose of Pembina: We deliver extraordinary energy solutions so the world can thrive. Article content Pembina is structured into three Divisions: Pipelines Division, Facilities Division and Marketing & New Ventures Division. Article content Pembina's common shares trade on the Toronto and New York stock exchanges under PPL and PBA, respectively. For more information, visit Article content This news release contains certain forward-looking statements and forward-looking information (collectively, 'forward-looking statements'), including forward-looking statements within the meaning of the 'safe harbor' provisions of applicable securities legislation that are based on Pembina's current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In some cases, forward-looking statements can be identified by terminology such as 'expect', 'intend', 'will', 'shall', and similar expressions suggesting future events or future performance. Article content In particular, this news release contains forward-looking statements relating to: the Offering, including: the anticipated closing date of the Offering and the intended use of the net proceeds of the Offering; and the redemption of the Series 19 Class A Preferred Shares, including the occurrence thereof; Pembina's intention to commence a consent solicitation to amend the indenture governing the Series 1 Notes, including the terms thereof and the terms of the Series 3 Notes, and the delivery of a consent solicitation statement in connection therewith. These forward-looking statements are based on certain assumptions that Pembina has made in respect thereof as at the date of this news release, including: oil and gas industry exploration and development activity levels and the geographic region of such activity; that favourable market conditions exist; the success of Pembina's operations; prevailing commodity prices, interest rates, carbon prices, tax rates and exchange rates; the ability of Pembina to maintain current credit ratings; the availability of capital to fund future capital requirements relating to existing assets and projects; future operating costs; geotechnical and integrity costs; that all required regulatory and environmental approvals can be obtained on the necessary terms in a timely manner; prevailing regulatory, tax and environmental laws and regulations; maintenance of operating margins; and certain other assumptions in respect of Pembina's forward-looking statements detailed in Pembina's Annual Information Form for the year ended December 31, 2024 (the 'AIF') and Management's Discussion and Analysis for the year ended December 31, 2024 (the 'Annual MD&A'), which were each filed on SEDAR+ on February 27, 2025, in Pembina's Management's Discussion and Analysis for the three months ended March 31, 2025 (the 'Interim MD&A'), which was filed on SEDAR+ on May 8, 2025, and from time to time in Pembina's public disclosure documents available at and through Pembina's website at Article content These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties, including, but not limited to: the regulatory environment and decisions and Indigenous and landowner consultation requirements; the impact of competitive entities and pricing; reliance on third parties to successfully operate and maintain certain assets; the strength and operations of the oil and natural gas production industry and related commodity prices; non-performance or default by counterparties to agreements with Pembina or one or more of its affiliates; actions taken by governmental or regulatory authorities; the ability of Pembina to acquire or develop the necessary infrastructure in respect of future development projects; fluctuations in operating results; adverse general economic and market conditions in Canada, North America and worldwide; the ability to access various sources of debt and equity capital; changes in credit ratings; counterparty credit risk; and certain other risks and uncertainties detailed in the AIF, Annual MD&A, Interim MD&A and from time to time in Pembina's public disclosure documents available at and through Pembina's website at In addition, the closing of the Offering and the redemption of the Series 19 Class A Preferred Shares may not be completed, or may be delayed, if the conditions to the completion thereof are not satisfied on the anticipated timeline or at all. Accordingly, there is a risk that the Offering will not be completed and the Series 19 Class A Preferred Shares may not be redeemed within the anticipated time, on the terms currently proposed, or at all. Further, the consent solicitation to amend the indenture governing the Series 1 Notes may not be commenced, or, if commenced, may be delayed or terminated, and there is a risk that the Series 1 Notes may not be exchanged for Series 3 Notes. The intended use of the net proceeds of the Offering by Pembina may change if the board of directors of Pembina determines that it would be in the best interests of Pembina to deploy the proceeds for some other purpose and there can be no guarantee as to how or when such proceeds may be used. Article content Article content Article content Article content Article content Contacts Article content Article content
