Newswires - Daily Commercial News

Partners in Road Construction Safety Marks 10 Year Anniversary

Wed, 16 May 2012 16:10:02 EDT

EDMONTON, ALBERTA--(Marketwire - May 16, 2012) - This month marks a very important milestone for Partners in Road Construction Safety (PIRCS). It's the 10th Anniversary for PIRCS' campaign, whose original partnership with public and private sector organizations was formed in 2003 to reduce collisions in road construction zones and improve driver attitudes towards road and utility workers.

Together with the Government of Alberta, PIRCS would like to remind motorists to be patient and drive safely through road construction sites on Alberta's highways this season. PIRCS is also reminding motorists of the recent distracted drivers legislation that went into effect on September 1, 2011. With this law now in effect, Heidi Harris-Jensen, Chair of Partners in Road Construction Safety hopes all drivers will practice safe driving habits, especially in construction zones. "In Alberta, the May Long Weekend signals the official start of our province's road construction season," says Harris Jensen. "We recognize that construction can cause delays and create frustration with motorists. It can also lead drivers to become distracted and take their focus off the road. For the safety of road and utility workers and motorists, we ask drivers to slow down through construction zones. We also urge motorists to respect the distracted drivers legislation and watch for workers or equipment as well as other hazards that could be on the road."

GTA REALTORS(R) Report Mid-Month Resale Housing Market Figures

Wed, 16 May 2012 16:10:02 EDT

TORONTO, ONTARIO--(Marketwire - May 16, 2012) - Greater Toronto REALTORS� reported 5,142 transactions through the TorontoMLS System during the first 14 days of May 2012. This result was up by more than 14.5 per cent in comparison to the first 14 days of May 2011. The number of new listings continued to grow at a slower pace than sales - up 13 per cent year-over-year to 8,749.

"Annual growth in sales was experienced across the GTA for all major home types in the first half of May. Sales growth was strongest for the condominium apartment segment. While the condo market has generally been the best supplied market over the past year, we have continued to see enough demand to exert moderate upward pressure on average selling prices in this market segment," said Toronto Real Estate Board President Richard Silver.

Black Diamond Announces Oilsands Accommodation Development

Wed, 16 May 2012 16:10:02 EDT

CALGARY, ALBERTA--(Marketwire - May 15, 2012) - Black Diamond Group Limited ("Black Diamond" or the "Company") (TSX:BDI), a leading provider of remote workforce accommodations, modular space solutions and oilfield services products in North America, is pleased to announce it has been awarded a contract for a 700-person lodge to support a major Canadian oilsands project.

2012 Road Construction Safety Campaign Focuses On Workers and Motorists

Wed, 16 May 2012 16:10:02 EDT

EDMONTON, ALBERTA--(Marketwire - May 15, 2012) - Media are invited to join the Honourable Ric McIver, Minister of Transportation, and the Partners in Road Construction Safety (PIRCS) - a group of provincial and municipal governments, industry and safety organizations - for our annual launch to kick-off the 2012 road construction season. This year marks the 10th Anniversary of PIRCS whose goal and purpose since 2002 has been to reduce collisions in road construction zones and improve driver attitudes towards road and utility workers.

Media Advisory: Government of Canada Invests in Science Promotion Initiatives Across Canada

Wed, 16 May 2012 16:10:02 EDT

CHARLOTTETOWN, PRINCE EDWARD ISLAND--(Marketwire - May 16, 2012) - The Honourable Gary Goodyear, Minister of State for Science and Technology, will announce funding for organizations across Canada that engage youth in science and engineering.

Construction Begins on Isabel Bader Performing Arts Centre

Wed, 16 May 2012 16:10:02 EDT

KINGSTON, ONTARIO--(Marketwire - May 15, 2012) - Queen's University students and Kingston residents are one step closer to having a new cultural landmark. Federal, provincial and municipal representatives along with Queen's University and the Bader family are celebrating the start of construction on the Isabel Bader Centre for the Performing Arts.

Minister Ambrose Seeks Bids for Bullet-Resistant Plates to Protect Canadian Forces Members

Wed, 16 May 2012 16:10:02 EDT

GATINEAU, QUEBEC--(Marketwire - May 15, 2012) - The Honourable Rona Ambrose, Minister of Public Works and Government Services and Minister for Status of Women, today announced that the Government of Canada has issued a Request for Proposal (RFP) to acquire bullet-resistant plates to be worn by Canadian Forces members as part of their personal protective equipment.

The Micronutrient Initiative, Government of Canada and Teck Launch New Initiative with Senegal Ministry of Health to Save Children's Lives

Wed, 16 May 2012 16:10:02 EDT

DAKAR, SENEGAL--(Marketwire - May 15, 2012) - Canadian partners the Micronutrient Initiative, the Government of Canada and Teck launched a major project with the Senegal Ministry of Health today that will save young lives from diarrhea, a condition that can be deadly if untreated.

Canadian Real Estate Investment Trust Announces May 2012 Distribution

Wed, 16 May 2012 16:10:02 EDT

TORONTO, ONTARIO--(Marketwire - May 16, 2012) - Canadian Real Estate Investment Trust (TSX:REF.UN) ("CREIT") today announced its May 2012 monthly distribution in the amount of 12.42 cents per unit (C$1.49 annualized). The May distribution will be payable on June 14, 2012 to Unitholders of record May 31, 2012.

Allied Properties Real Estate Investment Trust Announces May Distribution

Wed, 16 May 2012 16:10:02 EDT

TORONTO, ONTARIO--(Marketwire - May 16, 2012) - Allied Properties REIT (TSX:AP.UN) announced today that the Trustees of the REIT have declared a distribution of $0.11 per unit for the month of May, 2012, representing $1.32 per unit on an annualized basis. The distribution will be payable on June 15, 2012, to unitholders of record as at May 31, 2012. The REIT has 55,920,672 units issued and outstanding.

Leisureworld Announces May Dividend

Wed, 16 May 2012 16:10:02 EDT

MARKHAM, ONTARIO--(Marketwire - May 15, 2012) - Leisureworld Senior Care Corporation (TSX:LW) today announced that the Company's dividend for May, 2012 will be $0.0708 per share, representing $0.85 per share on an annualized basis. Payment will be made on June 15, 2012 to shareholders of record May 31, 2012.

InnVest Real Estate Investment Trust Announces Monthly Distribution

Wed, 16 May 2012 16:10:02 EDT

TORONTO, ONTARIO--(Marketwire - May 15, 2012) - InnVest Real Estate Investment Trust (TSX:INN.UN) announced today that a distribution of $0.0333 per stapled unit, payable on June 15, 2012, has been declared to the holders of record as at the close of business May 31, 2012. The distribution is $0.0333 per unit of InnVest Real Estate Investment Trust.

CORRECTION FROM SOURCE: Chartwell REIT Announces May 2012 Distribution

Wed, 16 May 2012 16:10:02 EDT

MISSISSAUGA, ONTARIO--(Marketwire - May 15, 2012) -

Chartwell REIT Announces May 2012 Distribution

Wed, 16 May 2012 16:10:02 EDT

MISSISSAUGA, ONTARIO--(Marketwire - May 15, 2012) - Chartwell Seniors Housing Real Estate Investment Trust (TSX:CSH.UN) ("Chartwell") announced today a cash distribution of $0.0450 per Trust Unit for the month of May 2012. The cash distribution will be payable on May 15, 2012 to unitholders of record on May 31, 2012.

Allied Properties Real Estate Investment Trust Announces First-Quarter Results

Wed, 16 May 2012 16:10:02 EDT

TORONTO, ONTARIO--(Marketwire - May 15, 2012) - Allied Properties REIT (TSX:AP.UN) today announced results for its first quarter ended March 31, 2012. The results are summarized below and compared to the same quarter in 2011: (In thousands except for per unit and % amounts) Q1 2012 Q1 2011 Change %Change Net income 21,919 12,835 9,084 70.8 % Same-asset NOI 27,743 22,663 5,080 22.4 % Funds from operations ("FFO") 22,931 13,143 9,788 74.5 % FFO per unit (diluted) $ 0.44 $ 0.31 $ 0.13 41.9 % FFO pay-out ratio 74.6 % 109.1 % (34.5 %) Adjusted FFO ("AFFO") 18,439 10,515 7,924 75.4 % AFFO per unit (diluted) $ 0.35 $ 0.24 $ 0.11 45.8 % AFFO pay-out ratio 92.7 % 136.4 % (43.7 %) Debt ratio (% of fair value) 44.5 % 42.0 % 2.5 % Interest coverage ratio 3.2:1 2.5:1 0.7:1

Allied's financial performance measures for the first quarter of 2012 were up significantly from the comparable quarter in 2011, reflecting increased occupancy, portfolio-wide rental growth and accretion from acquisitions completed in the past 14 months.

RioCan Real Estate Investment Trust Announces May 2012 Distribution

Wed, 16 May 2012 16:10:02 EDT

TORONTO, ONTARIO--(Marketwire - May 15, 2012) - RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today announced a distribution of 11.5 cents per unit for the month of May. The distribution will be payable on June 7, 2012 to unitholders of record as at May 31, 2012.

Amica Mature Lifestyles Completes $24.8 Million Bought Deal Financing

Wed, 16 May 2012 16:10:02 EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 15, 2012) -