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QLT Inc. (TSX: QLT; Nasdaq: QLTI) has announced plans to buy back US$50 million in company shares from shareholders. Under the terms of the offer, holders of the company's Nasdaq-traded stock can sell their shares to QLT at between US$2.20 and US$2.

Despite a growing economic slowdown, Burnaby's TIO Networks Corp. (TSX-V:TNC) reported a 12% increase revenue in its fourth quarter ending July 31. It rose to $4.1 million from $3.

The province plans to spend $10 million to promote development and production of liquid biofuels through its Innovative Clean Energy Fun d.

Revenue more than doubled for CRH Medical (TSX:CRM) in the past nine months ending September 30. It rose $5 million compared with $2.1 million during the same period last year.

British Columbia Ferry Services reported a 13.5% drop in net earnings for its second quarter ending September 30. The company said that drop in earnings to $53.7 million from $62.1 million resulted from increased operating costs.

Richmond's Catalyst Paper (TSX:CTL) plans to shut down all its mills during the Christmas season as consumer demand for paper continues to be affected by the global economic slowdown.

Vancouver's Western Canadian Coal Corp. (TSX:WTN) is shutting down its Willow Creek mine in northeastern B.C. only weeks after starting up production.

Vancouver's Western Canadian Coal Corp. (TSX:WTN) is shutting down its Willow Creek mine in northeastern B.C. only weeks after starting up production.

Richmond's Catalyst Paper (TSX:CTL) plans to shut down all its mills during the Christmas season as consumer demand for paper continues to be affected by the global economic slowdown.

Vancouver's Imperial Metals Corp. (TSX:III) is laying off 12% of its staff at its Mount Polly mine as part of its plans to reduce costs in the face of lower prevailing metals prices.