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Ottawa and Victoria invest $35.4 million in B.C. transportation upgrades

The federal government and B.C. plan to spend more than $35.4 million on 15 upgrades and improvements to the transportation network in the province.

B.C. raises $17 million in oil and gas rights

Victoria has raised nearly $17 million in its sale of oil and gas exploration rights in February. The government sold 19 parcels covering 13,256 hectares of land with the average price per hectare of $1,271.

Silver Wheaton adds to its silver production

Vancouver's Silver Wheaton Corp. (TSX:SLW) plans to acquire silver production from Pan American Silver Corp. (TSX:PAA) for US$32.4 million. Under the proposed deal, Silver Wheaton will acquire about 12.

British Columbians most likely to engage in risky behaviour with financial information

While British Columbians are among the most careful to take preventative steps to avoid becoming the victim of fraud, B.C.

Canadian businesses believe an economic recovery has yet to start

Executives of Canada's private companies remain optimistic about the country's economic outlook for 2010, but more than half believe the recovery is still months away.

Debt reduction key use of RRSP refunds: Scotiabank

Canadians are most likely to use their RRSP tax refund to pay of debt and strengthen their personal or household balance sheets, according to a survey conducted by TNS Canadian Facts for Scotiabank.

Corporate profits rise for second consecutive quarter

Canadian corporations reported a 7.9% increase in profits in the fourth quarter of 2009, the second straight quarter of gains, according to Statistics Canada. Corporate profits rose to $60.1 billion, up from $55.

Federal stimulus funds contribute to new Kamloops transit centre

Federal economic stimulus funds will contribute to a new $13.1 million transit operations and maintenance facility in Kamloops. Ottawa is contributing $4 million through the Building Canada Fund, which will be coupled with a $4.

Machinery prices fall in fourth quarter: StatsCan

Machinery and equipment prices fell in the fourth quarter and are down by 8.7% year over year, according to data released by Statistics Canada Tuesday. Much of the decline came from a 3.

Ottawa providing farmers renewable energy financing

The federal government is providing a new loan program for agriculture producers and agribusiness operators looking to produce their own renewable energy.