Latest news with #Edmonton-based
Yahoo
19 hours ago
- General
- Yahoo
Banff National Park rockfall victim identified as retired university educator
LAKE LOUISE — One of the two people killed in a rockfall in Banff National Park was identified Friday as 70-year-old Jutta Hinrichs of Calgary. The University of Alberta, in a statement, said Hinrichs was an educator in the department of occupational therapy in the Faculty of Rehabilitation Medicine. She retired last summer. 'She was integral to developing a southern Alberta satellite for the department,' said the statement from the Edmonton-based university. 'Jutta nurtured many students, preceptors and clinicians to flourish and grow. That her work continues to enrich the tapestry of occupational therapy in Alberta is her legacy." Hinrichs was found deceased shortly after a slab of mountain suddenly gave way Thursday afternoon, collapsing on hikers at a popular trail near Bow Glacier Falls, which is north of Lake Louise and 200 kilometres northwest of Calgary. Teams have been using aircraft with infrared sensors to search the debris field and a geotechnical engineer was brought in to check the stability of the mountainside. Early Friday, crews recovered one more body, but no further details have been released. Three people went to hospital Thursday -- two of them by air ambulance -- and are listed in stable condition. Officials have said no one else is reported missing and there are no unidentified vehicles at the trailhead. The slide happened at the Bow Glacier Falls hiking trail. It's a nine-kilometre route running along the edges of Bow Lake and is considered a moderate challenge for hikers and is used by tourists and day-trippers, including families. It's a region with limited cellular service. Niclas Brundell lives in nearby Canmore and works as a trail guide. He told The Canadian Press in an interview he was hiking in the area with his wife shortly after noon when they both started seeing concerning signs of rocks tumbling and boulders the size of tires starting to fall. "This was unimaginable to me, that such a big piece of mountain would fall off," he said. As rocks started rolling at the top of the waterfall, he said, they didn't hit anyone, but he and his wife wondered why nobody seemed to be reacting. "Then all of a sudden, I hear the start of another rockfall, and I turned around, and the whole mountainside is coming off." He estimated the slab to be 50 metres wide and 20 metres deep, and he and his wife started sprinting to safety. When he turned around, he could see a group of between 15 and 30 people at the waterfall disappear under a cloud of dust. "The only place I've ever seen something similar is like watching videos from 9-11, when you see New York being cast over,' he said. Brundell said when they got far enough to feel safe, he sent a satellite message to Parks Canada, while his wife ran to a nearby lodge to call for help. He said it's a popular trail because it's considered relatively easy, and on any given summer day there are 15 people or more hiking the trail. Evidence of the rockfall was visible from across the lake. The side of the mountain near the waterfall was darkened and worn, except for a large patch that was significantly lighter, where a heap of debris lay below. The Bow Lake area was closed during the search but has since reopened. Bow Glacier Falls remains closed, and drivers were told there could be possible delays on the nearby Icefields Parkway. 'Banff National Park remains open and safe to visit,' said the joint statement. -- with files from Fakiha Baig in Edmonton This report by The Canadian Press was first published June 20, 2025. Matthew Scace, The Canadian Press
Calgary Herald
20 hours ago
- Business
- Calgary Herald
AIMCo seeks new CIO amid push to expand Calgary office
Article content Alberta Investment Management Corp. is hunting for a new chief investment officer as it carries out an overhaul that began last year when the provincial government fired the board and its top executive. Article content The new CIO would be based in Calgary, the largest city in Alberta and the home of Canada's major oil and gas companies. Edmonton-based Aimco is considering both internal and external candidates, according to people familiar with the matter, asking not to be identified because they weren't authorized to speak publicly. Article content Article content Article content Four people held the CIO title at Aimco in less than four years. The most recent, Marlene Puffer, departed in September. Article content Article content Aimco, which manages about $180 billion of pension capital and other money for the Canadian province, wants to increase its staff in Calgary to boost the city's financial sector. Newly appointed Chief Legal Officer John Walsh works out of the Calgary office, which has about 70 of Aimco's 680 employees. Article content 'The size of the team in Calgary has grown and we're looking for space to accommodate them,' Aimco spokesperson Carolyn Quick said. The firm is also changing its remote-work policy, requiring employees to work from the office three times a week starting in January, the people said. Article content Aimco's restructuring was set in motion on Nov. 7, when Alberta's finance minister sacked the board, Chief Executive Officer Evan Siddall and three other executives, saying they had allowed expenses to soar to unacceptable levels. Ray Gilmour was named interim CEO and Stephen Harper, the former Canadian prime minister, was installed as chair. Article content Article content Since then, the money manager's global expansion, championed by Siddall, has reversed. It shuttered its offices in New York and Singapore and parted ways with David Scudellari, its global head of private assets, and Kevin Bong, the executive who ran the Singapore office. Article content Last month, Aimco laid off around a dozen employees and decided to freeze around 25 vacant roles, according to one of the people. Earlier this year, Aimco eliminated 19 jobs, including the role responsible for the diversity, equity and inclusion program. Article content Aimco produced a 12.6% return last year in its balanced fund, missing its benchmark of 13.4%. Its total fund return was 12.3%. But the fund's results exceeded those of some peers in the so-called Maple Eight, such as Ontario Municipal Employees Retirement System and Ontario Teachers' Pension Plan, which last year earned 8.3% and 9.4%, respectively.
Edmonton Journal
13-06-2025
- Business
- Edmonton Journal
Edmonton business owner thrilled for products to be included in G7 goody bags
Article content When Adam Walker co-founded MTNPK Glassware with his wife Kim in 2020, he never dreamt that one day, their products would be in the possession of the world's most prominent political leaders. But that's now a realistic possibility, after one of the Edmonton-based company's signature glasses was selected to be included in a goody bag gifted to delegates at the G7 Leaders' Summit, which runs in Kananaskis Country this Sunday to Tuesday.
Business Upturn
11-06-2025
- Entertainment
- Business Upturn
Alberta Milk launches 'Farm to Table' campaign to celebrate local dairy and the people behind it
EDMONTON, Alberta, June 11, 2025 (GLOBE NEWSWIRE) — Alberta Milk is proud to announce the launch of its latest campaign, Farm to Table: a celebration of Alberta's local food culture and the hardworking dairy farmers who help nourish our province. Amidst a global backdrop of economic uncertainty and shifting trade priorities, Albertans are more focused than ever on supporting local. Farm to Table was created in response to this growing pride in locally produced food, and the people behind it. At the heart of the campaign is a short film following Alberta dairy farmer Jason Crozier and Blair Lebsack, Chef and owner of Edmonton-based restaurant RGE RD. Together, they explore the journey from farm to table, touring Crozier's farm and connecting over their shared commitment to high-quality, locally sourced ingredients. As they explore the farm, they also enjoy a variety of dishes featuring homegrown ingredients including, of course, local dairy. The spot highlights the pride, care, and community that go into every glass of milk produced in the province. 'There's something really special about meeting the people behind your food and seeing exactly where it comes from,' said Chef Blair Lebsack. 'Spending time with Jason on the farm reminded me how much care goes into the ingredients we use every day. We're incredibly lucky to have such amazing food produced right here in Alberta.' The campaign was developed in collaboration with creative agency ONE23WEST who partnered with Edmonton-based production company Cooper & O'Hara and featuring music from Alberta indie rock band Scenic Route to Alaska, making this a true local production. 'Our goal with Farm to Table was to celebrate the incredible talent and dedication that feeds our province. Alberta dairy farmers work hard to produce high-quality Canadian dairy products, and we're proud to share their story alongside other passionate Albertans,' said Reuben Joose, General Manager at Alberta Milk. From the field to the kitchen table, Farm to Table is a tribute to the strength and connection of Alberta's local food system and a reminder that when we choose local, we all benefit. To learn more and watch the full video, visit: About Alberta Milk & Alberta Dairy Farmers Alberta Milk is a not-for-profit association that represents Alberta's dairy farmers and undertakes a variety of activities that support the dairy industry, including marketing, nutrition, and education, transportation and policy development and implementation. There are 460 dairy farms in Alberta, supporting about 10,000 jobs, and the industry contributes $1.5 billion to the provincial economy (GDP). Media Contact: Amanda UpshawBrookline Public RelationsP: 403-389-2291 E: [email protected]
Business Upturn
10-06-2025
- Business
- Business Upturn
Edmonton Lawyers Report a Surge in Civil Disputes Between Co-Founders
Edmonton, Alberta , June 10, 2025 (GLOBE NEWSWIRE) — A new study from Forum Law, a leading Edmonton-based law firm, has uncovered a significant rise in civil disputes between co-founders of businesses across the region. This trend is drawing attention to the growing complexities and risks involved in startup partnerships, highlighting the need for clearer agreements and proactive legal planning. NON-FAMILY CIVIL COURT CASES INITIATED IN CANADA While entrepreneurship continues to thrive in Edmonton and across Canada, the increase in co-founder conflicts reveals underlying challenges that can threaten even the most promising ventures. Disputes between business partners can arise from a variety of issues including misaligned expectations, disagreements over roles and responsibilities, equity splits, and financial management. These conflicts often result in costly litigation, damaged business relationships, and even the dissolution of companies. Key Insights from the Study The Forum Law report analyzed recent case trends and identified several key factors contributing to the surge in co-founder disputes: Lack of Clear Agreements: Many startups begin without formalized partnership agreements, leaving roles, decision-making processes, and equity ownership open to interpretation and disagreement. Many startups begin without formalized partnership agreements, leaving roles, decision-making processes, and equity ownership open to interpretation and disagreement. Communication Breakdowns: Differences in vision, management style, and communication preferences often fuel misunderstandings between co-founders. Differences in vision, management style, and communication preferences often fuel misunderstandings between co-founders. Financial Disputes: Conflicts around funding, profit distribution, and financial transparency have become common flashpoints. Conflicts around funding, profit distribution, and financial transparency have become common flashpoints. Intellectual Property and Ownership Issues: Disputes over who owns business ideas, technology, or product rights are increasingly frequent. Disputes over who owns business ideas, technology, or product rights are increasingly frequent. Growth and Scaling Challenges: As startups grow, initial informal agreements may not suffice, creating friction around new roles and equity adjustments. Legal Experts Call for Proactive Measures 'Entrepreneurship is exciting but can be fraught with unexpected challenges,' said a representative from Forum Law. 'Our study underscores how important it is for co-founders to establish clear, legally binding agreements from the outset. Doing so can prevent misunderstandings and provide a roadmap for resolving conflicts if they arise.' The firm recommends that new business partners invest time in drafting detailed shareholder or partnership agreements, clearly defining each person's roles, equity stakes, dispute resolution methods, and exit strategies. Engaging experienced legal counsel early on can help entrepreneurs avoid pitfalls and protect their ventures. Supporting Edmonton's Entrepreneurial Community The rise in disputes signals an urgent need for education and support within Edmonton's growing startup ecosystem. Forum Law offers specialized legal services tailored to startups and entrepreneurs, helping them navigate the complexities of partnership law and safeguarding their businesses for long-term success. Civil disputes among co-founders not only disrupt businesses but also impact innovation and economic growth. By raising awareness and promoting best practices, Forum Law hopes to foster stronger, more resilient business partnerships throughout Alberta. To read the full study, visit: Edmonton Lawyers Report a Surge in Civil Disputes Between Co-Founders Alternative dispute resolution & Litigation About Forum Law Forum Law is a respected Edmonton-based law firm specializing in civil litigation, business law, and dispute resolution. With a commitment to practical solutions and client-focused service, the firm supports entrepreneurs, startups, and established businesses in navigating legal challenges and achieving successful outcomes. Press inquiries Forum Law Shamil Shamilov [email protected] 1 (587) 557-5670 11835 – 149 ST Edmonton, Alberta, Canada, T5L 2J1
