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Visa survey finds Canadian tourists spending more in the United States

Canadians spent $15.3 billion on their Visa cards in 2008 while visiting the U.S. last year. That, according to Visa International's latest tourism outlook report, is 19% more than they spent in the U.S. in 2007.

A third of Canadians are unprepared for retirement, according to HSBC report

Despite significant demographic and economic shifts coming in the next decade and century, a third of Canadians remain unprepared for their retirement, according to HSBC's fifth annual future of retirement report.

CIBC World Markets study finds Canadians taking home more income than Americans

Canadians are putting more money in their pockets than their American cousins and will continue to do so for years to come, according to a new report from CIBC World Markets.

UBC receives $1 million grant to study impacts of climate change

The University of British Columbia and the Canadian Centre for Policy Alternatives have won a $1 million grant from the Social Sciences and Humanities Research Council (SSHRC) to study the social and economic impacts of climate change.

B.C. biotech completes sale of dental health-care business to Toronto company

Vancouver's Ondine Biopharma Corp. (TSX:OBP) has closed the sale of its dental health-care business to Toronto-based Periowave Dental Technologies Inc. (PDT). The sale shifts Ondine's focus to photo disinfection-based products.

Silvercorp launches bid for Vancouver gold exploration firm

Vancouver's Silvercorp Metals Inc. (TSX:SVM) plans to make a takeover bid for Vancouver-headquartered Klondex Mines Ltd. (TSX:KDX) in a deal worth approximately $70 million.

Major B.C. paper-maker launches legal action over mill property taxes

Catalyst Paper (TSX:CTL) is fighting back against what it considers unfair property taxes being charged by four B.C. municipalities where its paper mills are located. The Richmond-based paper and newsprint producer is petitioning the B.C.

B.C. liquefied natural gas terminal proponents land more Asian customers

Kitimat LNG Inc., the company proposing to build a massive liquefied natural gas export terminal in B.C., is lining up major Asian customers for the gas, although it's yet to secure any suppliers. Korea Gas Corp.

BMO survey finds wealthy Canadians concerned about management of their estates

Almost a quarter of wealthy Canadians are very concerned about how their children will manage their estate once they're gone, according to a new BMO Harris Private Banking survey.

B.C. suffers biggest monthly decline in building permits in April, StatsCan reports

The value of building permits in B.C. plummeted in April, according to Statistics Canada data released Thursday. Total building permit values fell 36.5% to $379.7 million from $597.5 million in March.