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Despite feeling optimistic about their long-term financial future, most Canadians are worried about their short-term prospects during the recession, according to a survey by TD Canada Trust.

After months of discussions, Vancouver's Western Canadian Coal Corp. (TSX:WTN) has made a formal bid to acquire London-U.K.-based Cambrian Mining plc (AIM:CBM) in a share deal worth approximately $120 million.

Vancouver's Hanwei Energy Services Corp. (TSX:HE) reported a 56.5% drop in revenue in its first quarter ending March 31, due to reduced sales caused by the production schedule of its wind power customer. Revenue fell to $2.6 million from $5.

Vancouver's Quadra Mining Ltd. (TSX:QUA) has closed a $37.5 million project loan facility to develop its recently acquired Franke copper project in northern Chile.

Natural Resources Canada is investing $400,000 to encourage homeowners in B.C.'s Interior to install solar water heaters to reduce power consumption from the grid.

First-quarter revenue for Vancouver-based Rainmaker Entertainment Inc. (TSX:RNK) fell 46% for the period ending March 31, due to what the company said were external production delays of a major animated film. Revenue was $3.

Vancouver-based SmartDesign Group has won the contract to provide refined master planning, design and fit-out services for the retail operations at the New Doha International Airport, which is scheduled to open in July 2011.

Vancouver's Finning International Inc. (TSX:FTT) reported a 36.4% drop in net income and a 4.6% drop in first-quarter revenue for the period ending March 31, 2009.

Vancouver-based New Gold Inc. (TSX:NGD) reported a 23% increase in first-quarter net profits for the period ending March 31, 2009. The company attributed the increase primarily to a $14.

Vancouver-based Madison Pacific Properties Inc. (TSX:MPC), which owns and manages more than 1.5 million square feet of industrial and commercial real estate in B.C., more than doubled its net income in its first quarter ending March 31, 2009 .