Susannah Pierce named new president of Shell Canada
Susannah Pierce has been named as the new president and Country Chair of Shell Canada. She replaces current president Michael Crothers who has had a 33-year career with Shell Canada and will retire in 2021. Pierce is currently the director of corporate affairs for LNG Canada.
Intracorp proposes Robson “shard” tower
Vancouver-based developer Intracorp is proposing a 580-foot-tall, 55-storey tower just south of Robson St. in the city’s downtown core. The mixed-use residential tower would sport a triangular “shard” shape at the top of the building to blend in with the surrounding mountain scenery. Patkau Architects is the designer.
Value of building permits rises in November
Statistics Canada reported this morning that the total value of building permits rose 12.9 per cent to $9.4 billion in November, the third highest value on record. Much of the growth was led by large permits for multi-family dwellings in British Columbia and Ontario and an office building in the city of Toronto. Non-residential permits rose by 19.5 per cent to $3 billion in November, mainly due to a $507-million building permit for the new Cadillac Fairview office building in downtown Toronto. The total value of institutional permits rose by 23.2 per cent to $900 million in November, while industrial permits fell for the fifth time in six months, declining 9.3 per cent to $537 million in November.
Gowling reviews new CCDC contract
Lexology today posted a new blog from Gowling WLG titled What the New CCDC 2 Stipulated Price Contract Means for You. The modified CCDC 2 contract updates the standard form contract to catch up with recent prompt payment and adjudication changes in Ontario and soon other provinces.