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Vancouver-based Creston Moly Corp. (TSX-V:CMS) and Vancouver's Tenajon Resources Corp. (TSX-V:TJS) plan to merge in an all-share deal worth roughly $9.8 million.

Vancouver's First Quantum Minerals Ltd. (TSX:FM) plans to raise at least US$450 million in a convertible debenture offering in the U.K. and other jurisdictions in Europe.

A new Construction Sector Council report says that government infrastructure spending will help B.C.'s construction industry weather the recession better than other industries.

Lower housing prices and low interest rates are enticing first-time home buyers into the market, according to a new Royal LePage survey.

Burnaby-based Ballard Power Systems (TSX:BLD) plans to discontinue its EBARA Ballard Corp. joint venture, which focused on developing and selling stationary power systems in Japan's residential cogeneration market.

The overall 20% increase in equity financings in 2009's first quarter was helped by Canada's largest financial institutions looking to boost their capital reserves, according to an Investment Industry Association of Canada report.

Despite a 0.3% average increase in Canadian retail sales in March, B.C.'s total declined for a third straight month. According to seasonally adjusted figures released by Statistics Canada Friday, B.C. retail sales dropped 1.4% in March.

North Vancouver-headquartered Insurance Corporation of B.C. reported a 14.7% increase in net profits for its first quarter, which ended March 31.

Silver Wheaton Corp. (TSX:SLW) has closed its $190 million merger with fellow Vancouver-based company Silverstone Resources Corp. (TSX-V:SST). The deal consolidates the silver streaming industry in B.

Vancouver-based Telus Corp. (TSX:T) has raised $700 million in an offering of senior unsecured notes.