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Canadian executives remain more positive than most when it comes to an expected economic recovery, according to an American Express global survey.

Western Forest Products Inc. (TSX:WEF) reported a 25% decline in sales in an extremely challenging first quarter, which ended on March 31. Sales for the Duncan-headquartered company fell to $152.6 million from $203.

Vancouver-based Coast Wholesale Appliances Income Fund (TSX:CWA.UN) managed to maintain sales in a difficult first quarter of the year, which ended March 31, 2009. Sales fell only 2% to $33.2 million from $33.

Richmond-based Great Canadian Gaming Corp. (TSX:GC) has not been immune to the recession's impact. Its first-quarter revenue fell 4% to $96.1 million from $100.3 million in the period ending March 31, 2009, compared with its 2008 first quarter.

Increased gold production and rising gold prices helped lift first-quarter earnings for Goldcorp Inc. (TSX:G, NYSE: GG) to US$290.9 million, or $0.40 per share.

Vancouver merchant bank Skana Capital Corp. (TSX-V:SKN) plans to acquire Kansas-based Bus and Coach International (BCI) in an all-share deal worth approximately $13.3 million. Under the deal, Skana will issue roughly 51.

A survey commissioned by Prospera Credit Union has found that British Columbians would give up payment flexibility to take advantage of historically low mortgage rates .

Colorado-based Western Union is acquiring Victoria-headquartered Custom House Ltd., an international payment provider, for US$370 million.

The recession continues to push up vacancy rates of prime commercial space in downtown Vancouver, according to a new report from real estate advisory and brokerage firm Newmark Knight Frank Devencore.

Burnaby-based Glentel Inc. (TSX:GLN), which operates the WirelessWave-branded retail outlets, reported a 33% jump in revenue and almost a tenfold increase in net income in its first quarter, which ended March 31, 2009.