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Premier Kenney posts a warning about “The Great Reset”

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From the Facebook page of Premier Jason Kenney

Many have asked what the deal is with this “Great Reset” that’s being discussed. Here’s what I know: it’s not a conspiracy, it’s a real theory – one that has absolutely no place in our country.

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Alberta

WestJet signs code share agreement with Dutch airline KLM

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CALGARY — WestJet Airlines has expanded an existing code-share agreement with KLM Royal Dutch Airlines. 

The Calgary-based airline says it will now be able market flights operated by KLM, which it says means WestJet travellers will be able to easily transfer through Amsterdam’s Schiphol Airport to 18 European cities. 

WestJet says the code-share agreement builds on the airline’s new non-stop service between Calgary and Amsterdam, operating twice weekly beginning Aug. 5 and increasing to three times weekly on Sept. 9.

The new flights to Amsterdam are part of the airline’s Boeing 787 Dreamliner program, which started flights to Europe in 2019 with routes to Paris, London and Dublin.

Code-share agreements allow airlines to sell tickets to places they don’t fly to on flights operated by a partner airline, and they allow airlines to increase their market presence and make it more convenient for travellers to fly with them.

KLM already had a code-share agreement with WestJet that allowed the Dutch airline to sell tickets on flights operated by WestJet in Canada.

This report by The Canadian Press was first published July 26, 2021.

The Canadian Press

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Alberta

Brookfield Asset Management completes privatization of Brookfield Property partners

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CALGARY — Brookfield Asset Management Inc. says it has closed a deal to acquire the remaining stake in Brookfield Property Partners.

The previously announced deal to buy the stake in the firm it already owns will also take the real estate firm private. 

Under the deal, unitholders have a choice of US$18.17 in cash, 0.4006 of a Brookfield Asset Management class-A limited voting share or 0.7268 of a BPY preferred unit, with limits for each category.

Brookfield Property REIT Inc. says it is redeeming all of its outstanding 6.375% Series A cumulative redeemable preferred stock on Aug. 19 for $25 per share cash, plus all accumulated and unpaid dividends for total proceeds of more than $25.21.

The agreement was overwhelmingly approved on July 16 by Brookfield Property Partners minority unitholders.

Brookfield Property Partners owns or operates a wide variety of properties. including office buildings, shopping malls and other properties across the world.

This report by The Canadian Press was first published July 26, 2021.

Companies in this story:(TSX:BPY.UN, TSX:BAM.A)

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