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The B.C. Securities Commission has permanently banned four B.C. residents and ordered them to pay $26 million in penalties and to return $16 million for operating a Ponzi scheme.

TimberWest Forest Corp. (TWF.UN), Western Canada's largest owner of private forestlands, reported weak third-quarter results and expects much the same for the remainder of the year.

Vancouver's Greenscape Capital Group Inc. (TSX-V:GRN) has completed a $2.4 million initial public offering on the TSX Venture Exchange.

A year of recession has changed the spending habits of Canadians, according to a new survey by Sun Life Financial. Almost 60% of Canadians said they have spent less since January and 60% reduced their debt at the same time.

Victoria posted its largest sale of oil and gas land rights in October. It raised $370 million in bonus bids, the sixth largest on record. The October 21 sale offered 62 parcels of land covering 66,837 hectares.

The federal home renovation tax credit has helped stem the decline of home renovations in B.C. according to a new survey by RBC Financial Group. According to the survey conducted by Ipsos-Reid, about 65% of B.C.

More Canadians traveled abroad in August than in July, but the total number of trips was still down for the year, according to data released by Statistics Canada Canadians made four million trips abroad in August, up from 3.8 million in July.

Burnaby's Cantest Ltd. has been acquired by Mississauga-based Maxxam Analytics International Corp. for an undisclosed sum. The acquisition greatly expands Maxxam's presence in B.C., which currently consists of one location in Burnaby.

A rally in the housing and equity markets in September contributed to a 1.1% increase in Canada's composite leading economic indicator index, according to data released by Statistics Canada Tuesday. The index rose to 220.2 in September from 217.

Hong Kong-based CK Life Sciences International (Holdings) Inc. has increased its holdings of restricted voting shares of Vancouver's WEX Pharmaceuticals Inc. (TSX:WXI).