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Troubled biotech QLT Inc. (TSX:QLT) has closed its agreement to sell the land and building that make up its corporate headquarters and an adjacent parcel of undeveloped land for $65.5 million to Discovery Parks Holdings Ltd.

Metrobridge Networks International Inc. (TSX-V:MEB) has reported a 251% increase in net loss for the quarter ending June 30. The second-quarter losses for the Vancouver high-speed wireless broadband provider rose to $2.

B.C.'s natural gas reserves have expanded with increased exploration, according to this year's oil and gas commission report.

Consumer confidence in Canada appears to be recovering, according to two studies released this week. The latest Harris Decima Investors Group consumer confidence index rose slightly from May to August.

Higher fuel costs helped cut BC Ferries' quarterly profits 42% for the period ending June 30. That profit dropped to $8.3 million from $14.4 million in the same period of 2007 despite quarterly revenue rising 7.6% to $171.9 million from $159.

Catalyst Paper Corp. (TSX:CTL) is shutting down 11,000 tonnes of paper production at its Crofton mill for 30 days due to reduced paper demand in the U.S. market. The faltering U.S.

Vancouver's Lignol Energy Corp. (TSX-V:LEC), which develops ethanol production technology, has been given the green line to build a demonstration ethanol plant in Colorado. The approval from the U.S.

The board of directors of both Toronto's Inmet Mining Corp. (TSX:IMN) and Vancouver's Petaquilla Copper Ltd. (TSX:PTC) have signed an agreement supporting revised terms for Inmet's acquisition of Petaquilla. Petaquilla shareholders will receive $2.

Ainsworth Lumber Co. Ltd. (TSX:ANS) is permanently closing its oriented strand board mill in Grand Rapids, Minnesota, effective immediately. The mill had not been in operation since September 2006.

Vancouver's Xantrex Technology Inc. (TSX:XTX) has completed the US$120 million sale of its programmable power business to Ametek Inc., a Pennsylvania-based manufacturer of electronic instruments.