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Langley-based IPlayco Corp. Ltd. (TSX-V:IPC) more than doubled its annual profit for the year ending September 30, 2007. The company recorded an annual profit of $593,064 compared with a profit of $199,272 in 2006.

Richmond's International Technologies Corp. (TSX-V:ITI) plans to acquire a Korean electronics manufacturer MPIO International Co. Ltd. for an undisclosed sum of cash and shares.

Housing price increases are expected to soften in 2008, improving the affordability of owning a home in B.C., according to the latest housing report by RBC Economics. Slower demand will ease upward pressures on B.C. home prices.

Vancouver's SouthGobi Energy Resources Ltd. (TSX-V:SGQ) has closed a $111.5 million private placement with two institutional investors.

Richmond's Catalyst Paper Corp. (TSX:CTL) is reducing paper production at its Elk Falls mill in Campbell River due to fibre shortages.

Canfor Pulp LP's (TSX:CFX.UN) Prince George pulp mill will be out of commission for approximately five weeks, due to damage from a fire that affected the mill's ship screening system last week.

Vancouver's First Quantum Minerals Ltd. (TSX:FM) reported a 24% increase in copper production for 2007, to 226,693 tonnes.

Cutting software piracy in Canada by 10% would contribute more than $2.7 billion to the economy, according to a study released by the Business Software Alliance.

Many of B.C.'s largest companies have seen their stocks prices lose gains made in a booming 2007 as uncertainty continues to stoke fears of a U.S. economic recession. Telus Corp.'s (TSX:T) share price hit a new 52-week low of $41.

Denver's Newmont Mining Corp. has completed its $1.5 billion acquisition of North Vancouver's Miramar Mining Corp. (TSX:MAE).