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Vancouver company to fund Serbian run-of-river project with France's Global EcoPower

Vancouver's Reservoir Capital Corp. (TSX-V:REO) plans to form a joint venture with a wind utility based in Aix-en-Provence, France, to build two run-of-river hydroelectric projects in Serbia.

Canadian Real Estate Association says home resale numbers up in February

The resale of homes in B.C. increased 14.4% in February compared with sales in January, according to the Canadian Real Estate Association (CREA). Nova Scotia was second with a 12.7% increase, and Alberta was third at 11.9%. Nationally, sales rose 8.

Recession not stalling consumer spending in Canada, according to Scotiabank survey

Despite the rapid slowdown of the global economy and a persistent financial crisis, almost half of average Canadians haven't changed their spending habits.

B.C. employers cut part-time staff in February, StatsCan reports

While B.C.'s unemployment rate went up in February, job losses were less severe than in January, which saw a record drop in full-time employment, according to the latest Labour Force Survey by Statistics Canada. B.C.'s unemployment rate rose to 6.

Surrey aims to attract business by cutting development taxes in special zones

To spur business development in Surrey, Mayor Dianne Watts is creating new economic investment zones in the city that have lower development costs and municipal taxes.

B.C. Ponzi scheme victims to receive portion of investment from BCSC

More than 150 victims of an investment fraud perpetrated by two B.C.-based companies back in 2003 will be getting a portion of their money back after settling with the B.C. Securities Commission. Vancouver-based Wellspring Capital Group Ltd.

$190 million merger consolidates new silver business in Vancouver

Vancouver's Silver Wheaton Corp. (TSX:SLW) plans to acquire Silverstone Resources Corp. (TSX-V:SST) in an all-share deal worth approximately $190 million.

Sustainability still important for corporate executives, but communication lacking

Despite falling revenue and profits, Canadian executives still consider sustainability an important business issue.

Avison Young report says recession will burst B.C.'s commercial real estate bubble this year

The steam is evaporating from B.C.'s hot commercial real estate market and will continue to do so for the rest of the year, according to Avison Young's investment review report.

ICBC applies to cut rates for optional auto insurance in the province

Despite a 1% return on its investments in 2009, the Insurance Corporation of B.C. plans to reduce optional insurance rates for a third year in a row. ICBC is applying to the B.C.