Complimentary Public Shaw Go WiFi Now Available at Saskatoon City Facilities

Visitors to City Hall, the downtown transit terminal, and several City leisure facilities can now enjoy complimentary WiFi service with guest access powered by Shaw Go WiFi. The service, made possible through a partnership agreement with Shaw Communications Inc, is an exciting initiative through the City’s new service model – Service Saskatoon.

“Access to complimentary public WiFi is a benchmark for modern cities”, says Mayor Donald Atchison. “The internet keeps people connected, informed and part of our great city. I believe everyone should have the opportunity to access the complimentary WiFi at City owned locations. This makes sense.”

“The new WiFi services at key sites across Saskatoon will provide a cost-effective opportunity for people to stay more closely connected to their friends, family, and work colleagues while on-the-go,” said Greg Pultz, Vice President, Operations, Shaw Communications. “Providing these services in collaboration with a great partner like the City of Saskatoon furthers our ability to deliver an enhanced connectivity experience to Canadians.”

“Through our new and improved approach to service with the introduction of Service Saskatoon, we want to create multiple channels for citizens to access the information they need and answers they require,” says Pat Hyde, Director of Service Saskatoon. “With that purpose in mind, the Service Saskatoon public WiFi initiative will assist residents in connecting to the information they need on the internet including City programs and services.”

Saskatoon residents and visitors can access the Shaw Go WiFi network on their WiFi enabled devices by selecting ‘ShawGuest’ from the list of available WiFi settings and following the on-screen instructions to connect. Shaw customers will be able to automatically log onto the WiFi service through the Shaw Go WiFi network.

Intact Financial Corporation releases estimates of the financial impact from the Fort McMurray wildfires

Intact Financial Corporation has initiated its catastrophe response plan in light of the wildfires in Fort McMurray and surrounding areas, with over 1,000 claims employees already helping affected customers. Intact Insurance, belairdirect and Canadian Direct Insurance are also on the ground at a number of emergency evacuation centres to assist customers.

“The devastation brought on by the wildfires is unprecedented,” said Charles Brindamour, Chief Executive Officer of Intact Financial Corporation. “The scope of the damage and destruction that we have observed in recent days is a reminder of the important role we play in getting our customers back on track.”

While early, Intact Financial’s assessment of its insured damages using satellite imagery and its exposure geocoding technology ranges from $1.00 to $1.20 per share after taking into account the effect of its reinsurance program and net of tax effects. This analysis assumes wildfires will not return to Fort McMurray.

HSBC pledges $100,000 donation to the Canadian Red Cross, accepting donations in branches for communities impacted by Alberta wildfires

To help support Alberta residents affected by the ongoing wildfires in Fort McMurray, Alberta, HSBC Bank Canada will offer financial relief options to impacted customers, and has pledged a $100,000 donation to the Canadian Red Cross. HSBC will also accept customer donations for the Canadian Red Cross at all HSBC branches across Canada from 6 May to 6 June 2016.

Sandra Stuart, President and Chief Executive Officer, HSBC Bank Canada said: “Our hearts and minds are with the people and businesses dealing with the loss and uncertainty created by these events. In addition to our support for the Canadian Red Cross, we will continue to work with impacted customers to help ensure that their financial services needs are met in the days and months to come.”

For further assistance or information, HSBC Bank Canada can be contacted directly.

Fairfax Donates $1 Million for Fort McMurray Disaster Relief

Fairfax Financial Holdings Limited (TSX:FFH)(TSX:FFH.U), recognizing that the situation in Fort McMurray is the worst natural disaster in Canadian history, is increasing its initial $200,000 donation to the Canadian Red Cross to $1,000,000, exclusively for the services the Red Cross is providing for relief from that disaster.

“Some 80,000 residents of Fort McMurray are enduring displacement from their homes and will have to begin rebuilding their homes and their lives after this devastation. Canadians have a long history of supporting each other in time of need, and we want to stand among all those Canadian individuals and Canadian companies who are extending themselves to provide support to the residents of Fort McMurray,” said Prem Watsa, Chairman and Chief Executive Officer of Fairfax.

“As Canadians, we need to do our part to help the tens of thousands of dislocated families across the Fort McMurray area. Besides the Fairfax group’s financial contribution, Northbridge has catastrophe response teams on the ground in Alberta actively working with the residents of the affected areas to get them immediate shelter and relocation assistance,” said Silvy Wright, Chief Executive Officer of Northbridge.

Fairfax is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management.

Enbridge to Acquire 50% Interest in French Offshore Wind Development Company

Enbridge Inc. announced it has agreed to acquire a 50% interest in Éolien Maritime France SAS (“EMF”), a French offshore wind development company, for an investment of CAD$282 million inclusive of transaction costs and past and future pre-Final Investment Decision (“FID”) development costs. EMF will be co-owned with EDF Energies Nouvelles (“EDF EN”), a subsidiary of Électricité de France S.A. (“EDF”) dedicated to renewable energy. Closing of the acquisition is expected to occur on or about May 19 2016.

Enbridge and EDF EN will co-develop three large-scale offshore wind farms off the coast of France that would produce a combined 1,428 megawatts (MW) of power. Development of the three projects is already underway; however construction is still subject to FID and regulatory approvals.

“This is a unique and strategic opportunity for Enbridge to further grow our investment in renewable power and build on our existing presence in European offshore wind generation. This investment in EMF advances our priority to build new business platforms that will extend and diversify growth,” said Al Monaco, President and CEO of Enbridge. “The EMF development opportunities are underpinned by strong market fundamentals and a commercial framework that is very well aligned with our low-risk business model. Once fully operational, they are expected to generate attractive returns and accretion to available cash flow from operations.”

Each of the three wind projects has been awarded a 20-year Power Purchase Agreement (PPA) pursuant to which EDF, the power offtaker under the PPAs, will pay an indexed fixed price for 100% of the power generated by each facility and through which EMF will also be significantly insulated from variances in wind capacity. These three projects are in an advanced-stage of development with a permitting process close to completion, and significant technical and environmental studies already performed. Front-end engineering and design has been completed, construction contracts tendered and bids received.

Subject to Enbridge taking positive FID on each project individually, the Company would potentially invest up to CAD$4.5 billion in total for all three projects. Should the projects achieve FID, construction would start gradually from 2017 and continue the next five years through 2022.

The initial investment in EMF was included in the Company’s previously announced secured growth program and will be funded from available liquidity. No incremental equity funding will be required. The incremental equity and debt required to construct the projects will be sourced once FIDs have been made. EMF is pursuing non-recourse project-debt financing for the debt component of the investment.

Enbridge is co-owner with EDF Energies Nouvelles’ Group, in four operating onshore wind projects in North America.

Enbridge has interests in 24 renewable energy facilities, either operating, secured or under construction, with a net generating operating capacity of nearly 2,000-MW. The projects in operation produce enough gross power to supply power to more than 750,000 homes. During the past decade, Enbridge has invested nearly CAD$5 billion in renewable power generation and transmission.

About the three projects under development by EMF:

– 498-MW Eoliennes Offshore des Hautes Falaises offshore wind farm, located off the coast of Fecamp, France.
– 450-MW Eoliennes Offshore du Calvados project, located off the coast of Courseulles-sur-Mer, France.
– 480-MW Parc du Banc de Guerande project, located off the coast of Saint-Nazaire, France.

Scotiabank to Offer Apple Pay to Customers

Further to the announcement of the arrival of Apple Pay in Canada, Scotiabank announced that the Bank will add Apple Pay to its line-up of mobile payment options in the coming months. With the addition of Apple Pay, Scotiabank will now offer customers a mobile wallet service on almost any device.

“Canadians are highly mobile-engaged and are looking for secure and simple technology solutions that provide them with access to their financial information anytime, anywhere,” said Brian McCabe, Vice President of Day to Day Banking at Scotiabank. “Scotiabank is committed to delivering innovative, safe and secure mobile payment services to our customers, and we look forward to adding Apple Pay to our line-up of mobile solutions.”

Scotiabank is investing heavily in technology to better serve our customers and exceed their expectations. Delivering a world-class customer experience is critical to maintaining and growing our customer base now and in the future. Mobile banking solutions are the fastest growing banking channels at Scotiabank.