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Uranium explorer closes over-subscribed private placement

Hathor Exploration Ltd. (TSX-V:HAT) has closed an over-subscribed $15 million financing and raised $15 million, the Vancouver-based company announced today. The junior uranium explorer raised $4.

Gains from financial assets boost Central 1 Credit Union's bottom line

The wholesale financial services provider for B.C.'s and Ontario's credit union reported a 275% increase in net income for 2009. Net income for Central 1 Credit Union rose to $99.9 million from $26.

Loonie reaching peak versus U.S. greenback: CMC Markets

The Canadian dollar may be reaching a peak versus the U.S. greenback as global monetary tightening increases, according to Ashraf Laidi, chief market strategist for London-based CMC Markets.

Foreign investment in Canadian securities rise

Foreign investors continued their interest in Canadian securities for a third consecutive month in January, according to data released by Statistics Canada Thursday. Foreign investment rose 6.3% to $11.8 billion from $11.

B.C. and Alberta to jointly host bobsleigh and skeleton World Cup

The World Cup of bobsleigh and skeleton will be the first international post-Olympic event at Whistler. The province of B.C.

Telus boosts broadband spending in Alberta

Vancouver's Telus Corp. (TSX:T), Canada's second-largest telecommunications firm, plans to spend $650 million in Alberta this year to expand and improve its broadband services in the oil-rich province.

Wholesale trade posts strongest increase in three years

Canada's wholesale trade sector reported its strongest monthly increase in three years, rising 3% to $44.4 billion according to data released by Statistics Canada Wednesday.

Manufacturing sales rebound in January

Manufacturing sales in B.C. rose in January following flat sales in the last two months of 2009, according to Statistic Canada data released Tuesday. Total sales rose 4.2% to $2.85 billion from $2.73 billion in December and $2.75 billion in November.

Off-road use of biodiesel under study by forestry industry

Natural Resources Canada is partnering with the Canadian forestry sector's research institute to explore the potential use of biodiesel for off-road machinery in highway construction and forest operations. Conducted by FPInnovations, the $1.

First-time home buyers shrinking portion of market: Ipsos-Reid

The proportion of first-time home buyers in the B.C.'s residential real estate market is dwindling, according to a study by Ipsos-Reid. Currently, about 29% of home buyers are first-time buyers, down from 38% in the first half of 2009.