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Vancouver investment firm Canaccord Capital Inc. (TSX:CCI) plans to raise up to $69 million by selling up to 6.7 million shares. The bought deal financing is being underwritten by Genuine Capital Markets, Canaccord Capital Corp.

The Vancouver Fraser Port Authority (VFPA) has chosen a joint venture between APM Terminals North America/SNC-Lavalin as the preferred proponent for the new Terminal 2 container terminal project.

Two biomass projects have met all phase-one requirements in BC Hydro's two-phase 2008 bio-energy call If approved, the two Western Biomass projects will generate an estimated 90 megawatts of electricity. Western is owned by Run of River Power Inc.

Xantrex Technology (TSX:XTX) received a US$16 million order for three of its solar grid-tie inverters for several projects in Spain and Germany. The inverters were bought by Relatio MD, a German solar sales and marketing company.

Ivanhoe Mines (IVN.TO) is selling its controlling stake in Vancouver's Jinshan Gold Mines (JIN.TO) to Chinese gold mining heavyweight China National Gold Group Corp.

The newest air connection between Vancouver and Hong Kong has taken a nosedive just 18 months after its inaugural flight.

Canaccord Capital Inc. (TSX:CCI) has agreed to repurchase, at par value, up to $138 million worth of restructured third-party asset backed commercial paper (ABCP) from clients who hold $1 million or less.

Canfor Corp. (TSX: CFP.TO) cut production on Tuesday amidst a falling global demand for softwood lumber that has sent prices for the resource into decline.

Catalyst Paper Corp. (TSX:CTL) announced that its rights offering for shares, which expired on Tuesday, was 27% oversubscribed. Catalyst will issue more than 167 million subscription receipts for gross proceeds of $125 million.

China displaced Japan as Canada's third largest export market in 2007, according to new data from Statistics Canada. Canada's overseas exports rose for the fifth consecutive year, increasing 17.4% last year.