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Several drivers of growth in the B.C.'s economy will likely peak in the next few years, according to RBC Economics' January provincial outlook. The report estimated B.C.'s real GDP growth would be around 2.5% in 2008 and 3% in 2009.

Vancouver's Amica Mature Lifestyles Inc. (TSX:ACC) reported a 9% rise in revenue to $11.4 million and a 24% increase in net profit to $2.6 million for its second quarter ending November 30, 2007.

Vancouver's Ethical Funds Company has completed a merger with Toronto's Northwest Funds that creates a new mutual funds partnership with $5.5 billion in assets under management.

Vancouver oil and gas junior Thunderbird Energy Corp. (TSX-V:TBD) has closed a US$50 million financing facility with Australia's Macquarie Bank Ltd. to fund development of Thunderbird's oil and natural gas projects in the U.S. and Canada.

Ownership of the Canada's most visible contribution to space exploration is moving to the United States. Richmond's MacDonald, Dettwiler and Associates Ltd. (TSX:MDA) is selling its glamorous space and robotic divisions to Alliant Techsystems Inc.

Victoria's Hydroxyl Systems Inc. CleanSea Oxidation water purification system will be installed on three of BC Ferries' largest and busiest vessels: the Spirit of British Columbia, the Queen of New Westminster and the Northern Adventure.

Vancouver's Fury Explorations Ltd. (TSX-V:FUR) and Energy Metals Corp.'s Golden Predator Mines Inc. subsidiary intend to merge in a deal estimated at $72.8 million.

Edmonton-based United Protection Security Group Inc. (TSX-V:UZZ) intends to buy Vancouver's Tri-Force Security Services for an undisclosed sum of cash and United shares.

Potash One Inc. (TSX-V:KCL) has raised $11 million in a non-brokered private placement of 4.15 million units. According to the Vancouver company, proceeds of the private placement will be used to develop its Legacy Potash Project in Saskatchewan.

Despite the sub-prime mortgage woes in the U.S. that helped created a global credit crunch, 2007 was a banner year for merger and acquisition activity in Canada.