Archives

Vancouver-based wind energy developer Finavera Renewables Inc. (TSX-V:FVR) announced Friday it is selling its ocean energy division, which has been dormant since October 2007 when the company’s first wave energy converter sank at sea.

Richmond’s Catalyst Paper (TSX:CTL) announced Wednesday that it would pay its full municipal property tax bill, or $13 million, in three of the four B.C. municipalities that it operates paper mills.

B.C.’s latest initiative to jumpstart the forestry sector is a marketing campaign aimed at tapping Asia’s voracious appetite for natural resources. The provincial government has allotted $9.2 million to promote the use of B.C.

Legend Power Systems Inc. (TSX-V:LPS) has sold its first installed energy conservation device following its emergence in the market to Electronic Arts Inc. (Nasdaq:ERTS) in Burnaby.

Haywood Securities Inc. will bolster its presence in retail sales and trading when it buys Vancouver-based Bolder Investment Partners Ltd., the investment dealer announced Tuesday.

Toronto-based mall developer First Capital Realty Inc. (TSX:FCR) announced Wednesday that it has purchased Semiahmoo Shopping Centre in Surrey for $84.5 million from Bosa Development Corp.

John Furlong has been named an officer to the Order of Canada, Governor General Michaelle Jean announced Wednesday.

Richmond-based MacDonald, Dettwiler and Associates Ltd. (TSX:MDA) is participating in three U.S-based deep space exploration projects that could see its technology used to assist in the exploration of Venus or the Earth's moon.

Interest in Vancouver’s Aquinox Pharmaceuticals Inc. by two of the world’s largest pharmaceutical companies –Johnson & Johnson Inc. and Pfizer Inc. – is fuelling speculation it could soon become an acquisition target.

Tight-fisted western economies are more likely to be a drag on the global economy next year rather than slower growth in China, according to CIBC World Markets.