Alberta Treasury Branches, doing business as ATB Financial, is a financial institution and Crown corporation owned by the Province of Alberta. ATB operates in Alberta only, providing financial services to over 753,000 Albertans and Alberta-based businesses. ATB has 141 agencies, serving a total of 243 communities in Alberta. Wealth management services are offered by ATB Investor Services or ATBIS. ATB has more than 5,300 employees. Headquartered in Edmonton, with total assets of C$51.9 billion, ATB is the largest Alberta-based financial institution. ATB is not a chartered bank and, unlike all banks operating in Canada, is regulated by the Government of Alberta under the authority of the Alberta Treasury Branches Act, RSA 2000, c. A-37, Treasury Branches Regulation 187/97; the legislation is modeled on the statutes and regulations governing other financial institutions and other guidelines to financial institutions issued by the federal Office of the Superintendent of Financial Institutions and the Canada Deposit Insurance Corporation.
ATB Financial is one of fifteen financial institutions that participates in Canada's Large Value Transfer System. ATB was created by the first Social Credit government of Premier William Aberhart on September 29, 1938, after earlier attempts to impose government control over banks operating in Alberta were thwarted by the federal government; the first Alberta Treasury Branch was opened in Rocky Mountain House on September 29 of that year. ATB is the most significant surviving remnant of social credit economic policies in Alberta. ATB was the subject of scandal in the late 1980s after clients such as Peter Pocklington's Gainers Foods and the Ghermezian Brothers' West Edmonton Mall defaulted on loans. In the 1990s, the government reformed ATB with the intention of transforming it into a competitive financial institution. An independent board of directors was established in 1996. On October 8, 1997, ATB formally became a provincial crown corporation. Since it has operated under a board of directors selected by the Alberta government.
It adopted the brand name ATB Financial in January 2002. As of May 24, 2018, ATB reported assets of $51.9 billion, deposits of $32.7 billion, loans of $44.1 billion, a net income of $274.6 million. In 2017, ATB was named second best workplace in all of Canada by Great Place to Work. In 2015, ATB was named one of Alberta's Top Employers by Mediacorp Canada Inc. Ranked 4 of Canada's Top 50 Best Workplaces and Multinational in 2016. Received two governance awards from the Canadian Society of Corporate Secretaries in 2014. Awarded Outstanding Corporation award in the Edmonton Philanthropy Day celebrations. ATB won the People's Choice Award for Alberta BoostR at the 2014 North America Corporate Entrepreneur Awards Alberta Regional Network Canadian Payments Association Cirrus Interac MasterCard Canada NYCE List of banks ATB Place Prosperity certificate Province of Ontario Savings Office Official website ATB Annual Report 2018
Triple Five Group
Triple Five Group is a conglomerate based in Edmonton, Canada, which specializes in shopping malls, entertainment complexes, real estate and banks. The company owns and operates two of North America's largest malls, the West Edmonton Mall in Alberta and the Mall of America in Minnesota, both of which contain a wide variety of entertainment attractions alongside traditional retail; the company owns the American Dream Meadowlands mall, on track to open at the Meadowlands Sports Complex in New Jersey in June 2019. Triple Five's malls are considered tourist destinations because of their size and the attractions they offer. Germez Developments was founded by Jacob Ghermezian in 1965, the Iranian-Canadian Jewish Ghermezian family remains the owners and operators of the company today. Jacob's four sons, Nader and Bahman, became the core of the business for decades and remain involved in Triple Five operations, they are known as the "Ghermezian brothers". The brothers' children have begun to take leadership roles in the company, including CEO Don Ghermezian and Braze founder Mark Ghermezian.
The family is notoriously private, sometimes gives conflicting information about its history. From Tehran, the family emigrated to Montreal in 1959, fearing that the Shah's regime was unstable; the family owned the Iranian Brotherhood of Rug Dealers, a company which imported Persian rugs and sold them across North America. They entered the real estate business to take advantage of the Athabasca oil sands, Triple Five continues to hold stakes in oil production as well as banking and mining. Triple Five has pledged to support the "production of oil and gas" and the "development of mineral resources" on native lands, its "native affairs" division has drawn controversy among protests over the Keystone XL pipeline. In the mid-1970s, Germez Developments was involved in land speculation on the outskirts of Edmonton; the province of Alberta established "restricted development areas" encircling Edmonton and Calgary in 1974, two years announced that the areas would be used as "transportation and utility corridors".
Germez was one of several companies that bought up large parts of the RDA ring around Edmonton, paying higher prices to rural landowners than the government was willing to offer. Despite not being allowed to develop the land, Germez raised its prices before selling its parcels back to the government; the Ghermezians made an $18 million profit when the Albertan government purchased the land in 1979, much of that profit was used to finance their first retail project, the West Edmonton Mall. The Ghermezians began developing the West Edmonton Mall in 1974; the first phase of the mall was completed in 1981, Triple Five began further construction for a second phase which opened in 1983 and a third in 1985. These expansions brought the West Edmonton Mall from the largest in Canada to the largest in the world. In addition to building the West Edmonton Mall, Triple Five developed the Eaton's Centre mall and mixed-use development in downtown Edmonton, which began development in 1980 and opened in 1986.
The Ghermezians held a 50% stake in the complex, alongside Confederation Life Insurance, which bought Triple Five's share of the development for $1 in 1991. In 1985, Triple Five created Peoples Trust, a bank and trust company whose first branch was located in their West Edmonton Mall; when Peoples Trust opened, its primary focus was on residential mortgages and guaranteed investments. Today, there are branches across Canada, the bank offers several other services, including mortgages for care facilities and other commercial properties, prepaid credit cards. After the demolition of the Metropolitan Stadium in Bloomington, Minnesota in 1985, the Ghermezian brothers approached the Bloomington Port Authority with a proposal for their second mall, which would be larger than West Edmonton Mall was at the time; the project was approved, became the Mall of America, which has remained the largest mall in the United States since it opened in 1992. Triple Five announced its plans in 1986 to build its third major project, considering Toronto and Niagara Falls, New York as possible locations.
Montreal was dropped from consideration soon after, pitting the other two cities against each other for a project, dubbed "Fantasyworld". In the Toronto suburb of Mississauga, the first proposed location was rejected and the project was dropped. In Niagara Falls, the state of New York offered $400 million in subsidies to build Fantasyworld; the state canceled its offer after deciding that the project was unlikely to be completed while Triple Five was preoccupied with building the Mall of America. The late-1980s Soviet policy of glasnost encouraged Western businesses to seek opportunities in Russia and the other Soviet republics. In December 1988, Triple Five proposed building a megamall in Moscow, competing with the Cyrus Eaton Group's similar proposal in Leningrad. Both proposals were dropped, within the month Triple Five had moved on to a proposal for a complex in Holbeck, England. In addition to over 1,500,000 square feet of retail floor space, the Leeds development would have demolished significant parts of Holbeck to build a series of octagonal skyscrapers for mixed-use development.
The project was never approved. Other Triple Five proposals prior to 1994 were made in Burnaby, British Columbia, Florida, China, California, Oberhausen and various cities in Japan; the American Dream Mall was first proposed for Silver Spring, Maryland, in the Baltimore–Washington metropolitan area, in August 1995. A mixed
Giti Tire is a Singapore headquartered tire company, with eight manufacturing facilities, more than 32,000 global employees, distribution to a market of more than 130 countries. As of 2017, Giti is ranked as the #11 tire manufacturing company in the world based on revenue. Giti Tire's roots go back to 1951, beginning with bicycle tire and inner-tube manufacturing in Indonesia, producing bias tires for passenger and commercial vehicles; the company entered China in 1993 and established a joint venture with Anhui Tire Factory, an independent third party for the production of bias tires. In 1998, Giti established proprietary sales and distribution centers in various locations, completing manufacturing facilities in Fujian two years to serve new passenger car tire production. Since the company has expanded further internationally, opening offices and distribution centers around the world. In June 2014, the company announced plans to build a USD $560 million production plant in South Carolina, USA, its first factory outside of Asia, which opened in October 2017.
In February 2016, Giti was named Automotive Supplier of the Year and Hardlines Supplier of the Year by Walmart USA. 2017 Revenue: USD $3.4 billion, including affiliate PT Gajah Tunggal Tbk Markets Present: more than 130 countries Regional Offices: United States, Canada, UK, France, Indonesia, China, U. A. E. Malaysia, Singapore Research and Development: Locations in the USA, Germany, UK, China. Proving grounds in five different locations (Ding Yuan Proving Ground in China, Mira Proving Ground in the UK, Mella Track Proving Ground in Finland, ARTC in Taiwan, in Karawang, Indonesia. Manufacturing Facilities: Eight plants located in China, in South Carolina, USA. All plants have obtained ISO/TS16949:2002 accreditation and have an average daily production capacity of 289,000 tires. Giti sponsors motorsports events under the Giti and GT Radial brands. Included among these are being the primary tire sponsor for Volkswagen Motorsports events in Asia, including F3 Asian Championship and Scirocco R-Cup China races.
In 2017, Giti Tire debuted at the 24 Hours Nürburgring Race in Germany, qualifying 1st in the SP8 class, placing 2nd in its class after a final race mechanical issue on the transmission. In the UK, Giti is the official tire of the VW Beetle Fun Cup. GT Radial is providing drift tires to Benjamin Bourdet and to the German drift team. In the United States, Giti has sponsored Japan’s Nobuhiro Tajima in the Pikes Peak International Hill Climb Championship, the 2013 winner in the Electric Auto division. Giti Tire manufactures a variety of brands of passenger car, truck/bus, off-road tires for global markets, which include Giti, GT Radial, Primewell and Dextero
Servus Credit Union
Servus Credit Union is a member-owned, community-based financial institution based in Edmonton, in 2015 became the second largest credit union in Canada and the largest credit union in Alberta. Servus has around 380,000 members who are served by close to 2,400 employees from 102 locations in 59 communities across Alberta and as of 2016 has $13.2 billion in assets under its administration. Servus was created through the merger of several smaller, regional credit unions in Alberta, the largest being Capital City Savings, based in Edmonton, formed in 1938; the various branches, have separate histories going back to 1937. On November 1, 2008, it became Canada’s first province-wide credit union when it amalgamated with Community Savings and Common Wealth Credit Union; as a credit union Servus does not have shareholders, rather to do business with Servus customers must become members of the credit union. Member-ownership in Servus Credit Union is represented by the purchase of Common Shares, this is required to open an account with the financial institution.
Membership includes the right to democratically elect and run for a position on the Board of Directors. Instead of paying profits to shareholders, the company shares its profits with members, paid $48.1 million to individual members through its profit sharing program in 2016. Profit sharing is paid to members in both cash and common shares, based on how much profit the company earns and how much its shares are worth; the Profit Share program has three parts: Patronage: Cash payments based on a percentage of the interest the member paid on loans and earned on deposits, plus the average balance they hold in their chequing and savings accounts. Common Share dividends: Common share dividends are paid as additional common shares. Investment share dividends: Dividends paid as additional investment shares that may be redeemed in cash; the total amount of profit share paid to members is based on the credit union's financial performance each year. The Board of Directors determines the total profit share pay out at the end of the company's fiscal year.
Based in Edmonton, the credit union has regional offices in Lloydminster and Red Deer. The company provides a complete line of financial services including: loans, investments and online banking, ATMs, debit and credit cards, financial planning, trust and commercial services. Deposits held by Servus Credit Union are insured by the Alberta Credit Union Deposit Guarantee Corporation; this guarantee is more extensive than the $100,000 insurance carried by banks in Alberta because all deposit amounts are guaranteed, including accrued interest to the date of payout, this includes chequing and savings accounts, RRSP deposits, RRIF deposits, foreign currency deposits, term deposits, including those with terms exceeding five years. Servus Credit Union's Board of Directors consists of 12 members from around the province, elected by the credit union's membership.2017 Servus Credit Union Board of Directors: John Lamb, Doug Bristow, Dianne Brown, Ken Cameron, Amy Corrigan, Perry Dooley, Iris Evans, Doug Hastings, Jonathon Holt, Darcy Mykytyshyn, Simon Neigum, Penny Reeves.
Garth Warner, President & CEO Yves Auger, Chief Information Officer Dan Bruinooge, Chief People & Corporate Services Officer Ian Glassford, Chief Financial Officer Darcy Peelar, Chief Credit Officer Gail Stepanik-Keber, Chief Brand & CSR Officer Caroline Ziober, Chief Operating Officer Taras Nohas, Vice President Strategy & Governance Credit Union of the Year as awarded by Alberta Central at the 2014 AGM and ConferenceMember of the Platinum Club of Canada’s 50 Best Managed Companies eight years running Member of the Venture 250, which recognizes Alberta’s highest grossing companiesHighest rated financial institution in the 2015 Alberta Venture Customer Service SurveyGlobal Co-operator Award, which recognizes people or organizations that help support the development of co-operatives internationally As of January 31, 2017, Servus reported assets of $14.8 billion, an Operating income of $124 million. Servus Credit Union - Official Website Credit Union Deposit Gurarantee Corporation
Alberta is a western province of Canada. With an estimated population of 4,067,175 as of 2016 census, it is Canada's fourth most populous province and the most populous of Canada's three prairie provinces, its area is about 660,000 square kilometres. Alberta and its neighbour Saskatchewan were districts of the Northwest Territories until they were established as provinces on September 1, 1905; the premier has been Rachel Notley since May 2015. Alberta is bounded by the provinces of British Columbia to the west and Saskatchewan to the east, the Northwest Territories to the north, the U. S. state of Montana to the south. Alberta is one of three Canadian provinces and territories to border only a single U. S. state and one of only two landlocked provinces. It has a predominantly humid continental climate, with stark contrasts over a year. Alberta's capital, Edmonton, is near the geographic centre of the province and is the primary supply and service hub for Canada's crude oil, the Athabasca oil sands and other northern resource industries.
About 290 km south of the capital is the largest city in Alberta. Calgary and Edmonton centre Alberta's two census metropolitan areas, both of which have populations exceeding one million, while the province has 16 census agglomerations. Tourist destinations in the province include Banff, Drumheller, Sylvan Lake and Lake Louise. Alberta is named after the fourth daughter of Queen Victoria. Princess Louise was the wife of Marquess of Lorne, Governor General of Canada. Lake Louise and Mount Alberta were named in her honour. Alberta, with an area of 661,848 km2, is the fourth-largest province after Quebec and British Columbia. To the south, the province borders on the 49th parallel north, separating it from the U. S. state of Montana, while to the north the 60th parallel north divides it from the Northwest Territories. To the east, the 110th meridian west separates it from the province of Saskatchewan, while on the west its boundary with British Columbia follows the 120th meridian west south from the Northwest Territories at 60°N until it reaches the Continental Divide at the Rocky Mountains, from that point follows the line of peaks marking the Continental Divide in a southeasterly direction until it reaches the Montana border at 49°N.
The province extends 660 km east to west at its maximum width. Its highest point is 3,747 m at the summit of Mount Columbia in the Rocky Mountains along the southwest border while its lowest point is 152 m on the Slave River in Wood Buffalo National Park in the northeast. With the exception of the semi-arid steppe of the south-eastern section, the province has adequate water resources. There are numerous lakes used for swimming, fishing and a range of water sports. There are three large lakes, Lake Claire in Wood Buffalo National Park, Lesser Slave Lake, Lake Athabasca which lies in both Alberta and Saskatchewan; the longest river in the province is the Athabasca River which travels 1,538 km from the Columbia Icefield in the Rocky Mountains to Lake Athabasca. The largest river is the Peace River with an average flow of 2161 m3/s; the Peace River originates in the Rocky Mountains of northern British Columbia and flows through northern Alberta and into the Slave River, a tributary of the Mackenzie River.
Alberta's capital city, Edmonton, is located at about the geographic centre of the province. It is the most northerly major city in Canada, serves as a gateway and hub for resource development in northern Canada; the region, with its proximity to Canada's largest oil fields, has most of western Canada's oil refinery capacity. Calgary is about 280 km south of Edmonton and 240 km north of Montana, surrounded by extensive ranching country. 75% of the province's population lives in the Calgary–Edmonton Corridor. The land grant policy to the railroads served as a means to populate the province in its early years. Most of the northern half of the province is boreal forest, while the Rocky Mountains along the southwestern boundary are forested; the southern quarter of the province is prairie, ranging from shortgrass prairie in the southeastern corner to mixed grass prairie in an arc to the west and north of it. The central aspen parkland region extending in a broad arc between the prairies and the forests, from Calgary, north to Edmonton, east to Lloydminster, contains the most fertile soil in the province and most of the population.
Much of the unforested part of Alberta is given over either to grain or to dairy farming, with mixed farming more common in the north and centre, while ranching and irrigated agriculture predominate in the south. The Alberta badlands are located in southeastern Alberta, where the Red Deer River crosses the flat prairie and farmland, features deep canyons and striking landforms. Dinosaur Provincial Park, near Brooks, showcases the badlands terrain, desert flora, remnants from Alberta's past when dinosaurs roamed the lush landscape. Alberta has a humid continental climate with cold winters; the province is open to cold arctic weather systems from the north, which produce cold conditions in winter. As the fronts between the air masses shift north and south across Alberta, the temperature can change rapidly. Arctic
AutoCanada Inc. is a North American multi-location automobile dealership group operating 69 franchised dealerships, selling several brands, in Canada, as well as a group in Illinois, USA. The company was founded by Pat Priestner in 2006; the company is headquartered in Edmonton, Canada. AutoCanada is a publicly traded company on the Toronto Stock Exchange traded as TSX:ACQ. In 2019, AutoCanada Inc launched RightRide, a special finance division of the multi-location automobile dealership. RightRide operates 57 dealerships throughout Canada; as of 2018, the company is managed by the following people: Paul Antony Michael Rawluk Raj Juneja Peter Hong William "Bill" Berman Michael Cunningham Official website
Ontario is one of the 13 provinces and territories of Canada and is located in east-central Canada. It is Canada's most populous province accounting for 38.3 percent of the country's population, is the second-largest province in total area. Ontario is fourth-largest jurisdiction in total area when the territories of the Northwest Territories and Nunavut are included, it is home to the nation's capital city and the nation's most populous city, Ontario's provincial capital. Ontario is bordered by the province of Manitoba to the west, Hudson Bay and James Bay to the north, Quebec to the east and northeast, to the south by the U. S. states of Minnesota, Ohio and New York. All of Ontario's 2,700 km border with the United States follows inland waterways: from the west at Lake of the Woods, eastward along the major rivers and lakes of the Great Lakes/Saint Lawrence River drainage system; these are the Rainy River, the Pigeon River, Lake Superior, the St. Marys River, Lake Huron, the St. Clair River, Lake St. Clair, the Detroit River, Lake Erie, the Niagara River, Lake Ontario and along the St. Lawrence River from Kingston, Ontario, to the Quebec boundary just east of Cornwall, Ontario.
There is only about 1 km of land border made up of portages including Height of Land Portage on the Minnesota border. Ontario is sometimes conceptually divided into Northern Ontario and Southern Ontario; the great majority of Ontario's population and arable land is in the south. In contrast, the larger, northern part of Ontario is sparsely populated with cold winters and heavy forestation; the province is named after Lake Ontario, a term thought to be derived from Ontarí:io, a Huron word meaning "great lake", or skanadario, which means "beautiful water" in the Iroquoian languages. Ontario has about 250,000 freshwater lakes; the province consists of three main geographical regions: The thinly populated Canadian Shield in the northwestern and central portions, which comprises over half the land area of Ontario. Although this area does not support agriculture, it is rich in minerals and in part covered by the Central and Midwestern Canadian Shield forests, studded with lakes and rivers. Northern Ontario is subdivided into two sub-regions: Northeastern Ontario.
The unpopulated Hudson Bay Lowlands in the extreme north and northeast swampy and sparsely forested. Southern Ontario, further sub-divided into four regions. Despite the absence of any mountainous terrain in the province, there are large areas of uplands within the Canadian Shield which traverses the province from northwest to southeast and above the Niagara Escarpment which crosses the south; the highest point is Ishpatina Ridge at 693 metres above sea level in Temagami, Northeastern Ontario. In the south, elevations of over 500 m are surpassed near Collingwood, above the Blue Mountains in the Dundalk Highlands and in hilltops near the Madawaska River in Renfrew County; the Carolinian forest zone covers most of the southwestern region of the province. The temperate and fertile Great Lakes-Saint Lawrence Valley in the south is part of the Eastern Great Lakes lowland forests ecoregion where the forest has now been replaced by agriculture and urban development. A well-known geographic feature is part of the Niagara Escarpment.
The Saint Lawrence Seaway allows navigation to and from the Atlantic Ocean as far inland as Thunder Bay in Northwestern Ontario. Northern Ontario occupies 87 percent of the surface area of the province. Point Pelee is a peninsula of Lake Erie in southwestern Ontario, the southernmost extent of Canada's mainland. Pelee Island and Middle Island in Lake Erie extend farther. All are south of 42°N – farther south than the northern border of California; the climate of Ontario varies by location. It is affected by three air sources: cold, arctic air from the north; the effects of these major air masses on temperature and precipitation depend on latitude, proximity to major bodies of water and to a small extent, terrain relief. In general, most of Ontario's climate is classified as humid continental. Ontario has three main climatic regions; the surrounding Great Lakes influence the climatic region of southern Ontario. During the fall and winter months, heat stored from the lakes is released, moderating the climate near the shores of the lakes.
This gives some parts of southern Ontario milder winters than mid-continental areas at lower latitudes. Parts of Southwestern Ontario have a moderate humid continental climate, similar to that of the inland Mid-Atlantic states and the Great Lakes portion of the Midwestern United States; the region has warm to cold winters. Annual precipitation is well distributed throughout the year. Most of this region lies in the lee of the Great Lakes. In December 2010, the snowbelt set a new record when it was h