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Vancouver-based Canadian Gold Hunter Corp. (TSX:CGH) plans to acquire Vancouver's Sanu Resources Ltd. (TSX-V:SNU) in an all-share deal worth approximately $11.7 million.

Burnaby's Ballard Power Systems (TSX:BLD) has passed a product acceptance milestone and will ship 310 hydrogen fuel cell units to India's ACME Tele Power Ltd.

An American private equity firm has bought a 49% interest in the parent company of Vancouver-based Versacold for an undisclosed sum.

British Columbians and the majority of Canadians ate out more in April, according to Statistics Canada data released Tuesday. Total food services and drinking sales in B.C. rose 1.9% to $639.1 million in April from $626.9 million in March.

A majority of investment managers see further upside potential for Canadian equities, despite a rally that's seen double-digit gains in the TSX so far this year, according to the Russell Investment Manager Outlook report.

Scotiabank's commodity index rebounded in May after bottoming-out in April. The index climbed 2.2% due primarily to increased spending by China.

Vancouver's Peer 1 Network Enterprises Inc. (TSX:PIX) has secured a US$40 million revolving credit facility with National Bank Financial Group. It replaces existing credit provided by Fortress Credit Corp. on cheaper and more flexible terms.

A patent lawsuit against Burnaby's WebTech Wireless Inc. (TSX:WEW) is potentially one step closer to trial following a U.S. Patent and Trademark Office (PTO) decision. The PTO announced that it will approve a patent from U.S. competitor LunarEye Inc.

Vancouver's Neovasc Inc. (TSX-V:NVC) is postponing its plans to list its shares in the U.S. so that it can focus its financial resources on the development and commercialization of its vascular medical devices.

The B.C. Securities Commission has punished a former executive of a Vancouver mining exploration firm for illegal insider trading and committing fraud.