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Yahoo
21-07-2025
- Business
- Yahoo
Veteran Finance Executive Tim Gillespie, CFA, Joins Biosenta as Strategic Advisor
Former ATB Financial executive vice-president brings more than 35 years of capital-markets and corporate-banking experience to accelerate Biosenta's growth Toronto, Ontario and Calgary, Alberta--(Newsfile Corp. - July 21, 2025) - Biosenta Inc. (CSE: ZRO) ("Biosenta") today announced that Tim Gillespie, CFA has joined the company as a strategic advisor. In this role, Mr. Gillespie will counsel Biosenta's executive team and board on financing, risk management and go-to-market strategy as the company scales production and commercialization of its Tri-Filler™ antimicrobial technology. Tim Gillespie, CFA, joins Biosenta Inc. as strategic advisor. (CNW Group/Biosenta Inc.) To view an enhanced version of this graphic, please visit: Mr. Gillespie served as Executive Vice-President and Head of Corporate Financial Services at ATB Financial, where he led 200 specialists, managed a $20-billion loan portfolio and supported clients across the energy, real estate, technology and transportation sectors. His career spans more than three decades in corporate lending and capital markets, beginning as an international equities trader in Denmark. He currently sits on the boards of several Canadian organizations in both the for-profit and non-profit sectors. "Tim's track record of structuring complex financings and guiding high-growth companies is exactly what we need as we move Tri-Filler from pilot plant to full commercial production," said Am Gill, President and CEO of Biosenta. "His insight into capital markets and strategic partnerships will help us deliver antimicrobial solutions to customers faster." "Biosenta's technology has the potential to redefine how industries protect people from deadly pathogens," said Tim Gillespie. "I look forward to working with the team to secure the resources and relationships needed to bring Tri-Filler to market at scale." About Biosenta Inc. Biosenta Inc. develops innovative antimicrobial products that offer environmentally friendly solutions to a global market. Based in Toronto, Ontario and Calgary, Alberta, the company is dedicated to the advancement of technology that combats microbial growth in various materials. Biosenta's flagship product, Tri-Filler®, represents a breakthrough in antimicrobial technology, providing durable protection against a wide spectrum of bacteria, molds, and fungi. For further inquiries, please contact: Am Gill, President and CEO, Biosenta Inc. Email: info@ Phone: 416-410-2019 For more information, visit our website: Forward-Looking Statements This press release contains forward-looking information within the meaning of applicable securities laws ("forward-looking statements"), including forward-looking statements relating the completion of the Transaction. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. If any such risks actually occur, they could impact the potential for discussion, agreement or completion of the Transaction and/or materially adversely affect the Company's business, financial condition or results of operations. In that case, the trading price of the Company's common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purposes of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. Disclaimer The CSE has in no way passed upon the contents of this news release and further, has neither approved nor disapproved of the contents of this news release. Neither the CSE nor its Regulation Services Provider (as such term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CBC
20-07-2025
- Automotive
- CBC
Cars keep getting more expensive but Albertans are still buying plenty — before tariffs really bite
Across Alberta, more people are buying new vehicles even as prices have been shooting up. Statistics Canada says new motor vehicle sales in the province hit a seven-year high in May, with 23,691 units sold. The province hasn't seen that many vehicles sold in a month since May 2018. The price of the vehicles sold in May 2025 totalled $1.42 billion, an all-time record in terms of dollars. It continued a strong start to the calendar year for vehicle sales, which has come as a surprise to many in the industry. "If someone would have told me back in February that we'd be sitting here at the end of June with Ford having as good a year, and some other auto manufacturers as well, I would have said not a chance," said Marty Giles with Northstar Ford in Calgary. Mark Parsons, chief economist with ATB Financial, says it's unusual to see both prices and demand go up at the same time. He believe several factors are driving sales right now. "One is front-loading: getting ahead of tariff pressures," he said. "You're starting to see some early signs that tariffs are creeping through to vehicle prices but we haven't felt the full impacts yet. So folks are trying to get in front of that, and buy their vehicles now, while they can." Parsons said Alberta's rapid population growth and pent-up demand from the pandemic are also at play. He expects sales numbers to fall as price pressures continue to build later in the year. "It's been a good run," said Gerald Wood with the Motor Dealers Association of Alberta. "Everybody's still a little bit concerned about what the second half of the year ultimately is going to look like, but we're just trying to deal with what we can control now and make sure that we satisfy as many customers as we possibly can." He says vehicles are getting more expensive because input costs are going up across the supply chain, including the cost of transport and the vehicle components, themselves. Wood said U.S. President Donald Trump's latest tariff threats and any reciprocal tariffs could also have a big impact on the auto industry.
Globe and Mail
11-07-2025
- Business
- Globe and Mail
Alberta's ATB Financial in talks to buy investment bank Cormark Securities
ATB Financial is in talks to acquire Cormark Securities Inc., according to sources familiar with the process, a takeover that would make the Alberta government-owned financial institution a national player in a sector consolidating around the banks and boutique advisory firms. If Edmonton-based ATB Financial can close the purchase, which is estimated to cost more than $35-million, it would mark a significant expansion for a provincial player traditionally focused on raising money for oil patch clients. The two companies are still negotiating, and a deal may not be concluded, sources say. Toronto-based Cormark, owned by its 100 employees, is one of the few remaining independent dealers offering its clients - companies and institutional investors - a full menu of services, including stock trading, sales and research. The downturn in financing activity at small- to mid-sized public companies, along with a two-year drought in initial public offerings, prompted Cormark executives to launch talks with potential partners and buyers, including ATB Financial, according to five sources familiar with the sales process. The Globe and Mail agreed not to name the sources because they are not authorized to speak for Cormark and ATB Financial. Over the past two years, Cormark pitched at least two other potential buyers - St. Petersburg, Fla.-based Raymond James Ltd. and Canadian Western Bank, which was headquartered in Edmonton - prior to opening talks with ATB Financial, according to two of the sources. In February, National Bank of Canada bought Canadian Western. ATB said Friday it had no comment on the talks. 'Like many organizations, ATB continually explores various strategic options to enhance our business growth and shareholder value. It is not appropriate to comment on rumours or speculation,' the company said in an e-mailed statement. Cormark chief executive officer Susan Streeter also declined to comment Friday on a potential transaction. Cormark has an estimated $35-million in capital and its employee owners are targeting a premium on this capital in a sale, according to one source. There are differences in the cultures of ATB Financial, which owns energy-focused investment bank ATB Capital Markets, and Cormark, which serves a broad array of mid-sized companies. Some Cormark employees may choose to depart, rather than work for a government-owned financial institution, three of the sources suggested. ATB Financial has previously used acquisitions to expand its business. In 2024, the company bought BCV Asset Management Inc., a Winnipeg-based fund manager with $5.8-billion in assets under management. When ATB Financial chief executive officer Curtis Stange announced the BCV purchase, he said: 'ATB Financial has been pursuing new opportunities to partner with leading firms that will create long-term value for our clients.' Between 2018 and 2020, ATB Financial acquired full control of investment bank AltaCorp Capital after the death of founder George Gosbee, then renamed the dealer ATB Capital Markets. Cormark brands itself as the Canada's leading mid-market investment bank, a position that means the dealer competes with both far larger domestic and foreign banks and smaller advisory firms that avoided running expensive trading desks, which face rising compliance costs. Cormark has offices in Toronto and Calgary. The firm's analysts cover 240 companies and the dealer has helped raise more than $100-billion for corporate clients in the past decade. In the first half of the year, Cormark led nine stock sales that raised a total of $270-million, which ranked 10th among domestic investment banks, according to data from LSEG Data & Analytics. Cormark accounted for 2.5 per cent of domestic underwriting done so far this year. Market leader RBC Capital Markets had a market leader 26-per-cent share of stock sales. The largest domestic independent investment bank, Canaccord Genuity Group Inc., held a 7-per-cent share, leading 20 equity offerings. Toronto-based Canaccord Genuity built its platform by both advising on deals and acquiring wealth management businesses and now has a $1.1-billion market capitalization. Cormark has steered clear of hiring financial advisors and fund managers. Cormark was co-founded in 1981 as Sprott Securities by financier and gold bug Eric Sprott. In 2000, Mr. Sprott departed to devote his attention to the money management company that still sports his name, Sprott Inc., which runs US$35-billion of funds investing in commodities such as gold, silver and uranium. In 2007, employees rebranded the investment dealer Cormark. Consolidation among Cormark's rivals included the sale of GMP Capital Inc. to St. Louis-based Stifel Financial Corp. in 2019, and Toronto-Dominion Bank's purchase of Newcrest Capital Inc. in 2000. Two investment banks with a client base similar to Cormark's - PI Financial Corp. and Echelon Wealth Partners Inc. - merged in 2023 and rebranded as Ventum Financial Corp. with files from James Bradshaw
Calgary Herald
11-07-2025
- Business
- Calgary Herald
Alberta's economy is expected to outperform this year, but young people are still struggling to find work
Article content Taryn Leahy has been trying to find a job in Calgary for months and figures she has sent out 160 resumés since she started looking in January. It's been exhausting, she says, and demoralizing. Article content She said her dream job would be working in a biology lab as a research assistant, putting the degree she earned at the University of Calgary last winter to good use. At this point, she'd settle for a part-time role as a receptionist, but even finding something like that is proving to be an overwhelming challenge. Article content Article content Article content The jobless rate for this group was the highest in the country for much of the spring, hitting 17.2 per cent in both April and May. Things improved in June, with the rate falling to 16.4 per cent, still the second-highest in Canada, next to Newfoundland and Labrador, Statistics Canada said Friday. Article content It might be comforting to know other Canadians are also feeling cheated out of a first crack at the workforce. But it doesn't put cash in Leahy's pocket, nor does it add crucial lines to her resumé. Article content Article content Her generation is caught up in a world of paradoxes. Alberta's economy is expected to be the country's top performer this year, according to some forecasts, and yet its younger workers are dealing with levels of unemployment they would typically see in a recession. Article content Outside the pandemic, Alberta's job market hasn't been this bad for both men and women under 25 since the downturn of the early 1990s, according to Statistics Canada data. Article content Article content A mix of political and economic forces are working against them. Gen-Zers across Canada are feeling the effects of United States President Donald Trump's unpredictable trade policies, Mark Parsons, chief economist at ATB Financial, said. Article content Employers are not hiring as much, worried the Trump administration could unleash a new round of tariffs at any moment, potentially derailing entire industries or perhaps slowing the global economy and the appetite for Canadian exports, he said.
Yahoo
26-06-2025
- Business
- Yahoo
Alberta's economy: Finding a footing in turbulent times
ATB Financial Quarterly Economic Outlook EDMONTON, AB, June 26, 2025 /CNW/ - ATB Financial's latest economic outlook shows a modest upgrade to the province's growth forecast, even as global trade negotiations and geopolitical tensions remain key sources of uncertainty. The report notes some de-escalation in trade tensions since the early spring, which offers a cautious improvement to the economic picture. While the broader trade landscape remains challenging, Alberta's economy continues to show a degree of resilience, underpinned by activity in residential construction, steady energy production, and sustained population growth. Real GDP is forecast to grow by 1.9% in 2025 and 2.2% in 2026. That's an upgrade from 1.5% and 1.9%, respectively, in March. "Alberta's economy is feeling the effects of the trade war, and the outlook for oil prices has softened. However, we expect that Alberta's economy will continue to weather the turmoil better than other provinces more exposed to U.S. tariffs," says ATB Financial's Chief Economist, Mark Parsons. "While population-driven demand and energy exports provide some foundational support, the unemployment rate is expected to remain elevated as employers remain cautious on hiring and more people enter the workforce." ATB Economics forecasts that the Alberta economy will outpace the expected Canadian growth of 1.0 per cent this year. Alberta's higher growth will be driven by home construction and energy production supported by the Trans Mountain Expansion. Natural gas producers will benefit from the start of LNG Canada and increased demand from AI data centres. A broadening of Alberta's economic base, with recent expansions in sectors such as food processing, petrochemicals, and technology, supports the longer term outlook. "While U.S. trade policy has been highly disruptive, it has also shone a spotlight on Canada's domestic challenges that long pre-dated President Trump's second term. In particular, there will need to be a sustained improvement in private capital investment in Alberta and Canada to drive future economic growth and productivity. Successfully fast-tracking major projects represents a clear upside to our forecast." added Parsons. While the path forward is not without its challenges, solid fundamentals support Alberta's medium term outlook, namely, abundant natural resources, a skilled and young workforce, and relatively affordable housing. About ATB FinancialWith $64.2 billion in assets, ATB Financial is a leading financial institution that started in Alberta with the focus of putting people first. Our success comes from our more than 5,000 team members who love to deliver exceptional experiences to over 835,000 clients across our Personal and Business Banking, ATB Wealth Management and ATB Capital Markets businesses. ATB provides expert advice, services and products through our many branches and agencies, our 24-hour Client Care Centre, four entrepreneur centres and our digital banking options. ATB powers possibilities for our clients, communities and beyond. ATB is bronze certified as part of the Partnership Accreditation in Indigenous Relations commissioned by the Canadian Council for Indigenous Business. More information about ATB can be found at General DisclosureATB Financial's Economic Outlook is intended for general information and educational purposes only and should not be considered specific legal, financial, tax or other professional advice or recommendations. Information presented is believed to be reliable and up-to-date but it is not guaranteed to be accurate or a complete analysis of the subjects discussed. All expressions of opinion reflect the judgement of the authors as of the date of publication and are subject to change. The actual outcome may be materially different. ATB Financial and any of its affiliates are not liable for any errors or omissions in the information, analysis or views contained in this report, or for any loss or damage suffered. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by ATB Financial or any of its affiliates and related entities. For more information or interview requests, please contact:ATB Financial, Media Relations Team media@ SOURCE ATB Financial View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
