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B.C. biotech firm boosted by Hong Kong investment

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).

Upcoming Q3 financial results to test equity markets: CIBC World Markets

Upcoming third-quarter earnings reports of North American public companies will provide a critical test of whether equity markets on both sides of the Canada-U.S. border will continue rising, according to CIBC World Markets.

B.C. small business a strong economic driver: BMO Financial

B.C. remains a hotbed for small business growth, according to a new report by BMO Financial Group. The study found a number of B.C. cities were national leaders of small business growth during the past five years,.

Ottawa tightens rules around tax-free savings accounts

The federal Ministry of Finance has proposed amendments to the Income Tax Act that will tighten the rules for tax-free savings accounts (TFSAs). Many of the amendments are aimed at preventing intentional tax avoidance.

B.C. releases transition rules for HST

Victoria has released its proposed transition rules for the harmonized sales tax (HST) set to replace the province's existing sales tax regime July 1, 2010.

Provincial finance minister says major investors confident in B.C.

Institutional investors and major investment firms in New York, Montreal and Toronto are confident that B.C. is well positioned to come out of the recession much stronger than other provinces, according to Finance Minister Colin Hansen.

Burnaby tech firm sells security and risk management assets

Burnaby's ESI Entertainment Systems Inc. (CNSX:ESY) plans to sell its wholly-owned ESI Integrity Inc. subsidiary to Mississauga-based Insight ID for US$2.25 million.

Western Forest Products sells non-core Vancouver Island properties

Western Forest Products (TSX:WEF) has sold some of its Vancouver Island properties for approximately $12 million to a joint venture company led by Brookfield Properties Ltd.

Female investing perspective unchanged by recession: TD Waterhouse

The recent economic downturn had little impact on the way women think and act when it comes to investing, according to TD Waterhouse's annual female investor poll.

Third of Canadians have opened a tax-free savings account: ING Direct

Canadians are still taking advantage of Canada's tax-free savings account (TFSA) despite the uncertainty caused by the recession, according to a survey by ING Direct.