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Glacier Ventures International Corp. (TSX:GVC) has bought an Edmonton-based oil and gas publishing group for an undisclosed amount of cash and preferred shares. Glacier affiliate GVIC Communications Corp.

Tree Island Wire Income Fund (TSX:TIL.UN) has cut 10% of its salaried staff to reduce costs in the face of difficult market conditions. The Richmond-based company will trim 22% of its U.S. and 6% of its Canadian workforce.

Telus Corp. (TSX:T) is expanding its IT services across Canada with a $763 million acquisition of Montreal's Emergis (TSX:EME), an information technology company focused in the health-care sector. The Vancouver-headquartered telecom will pay $8.

Vancouver's Rainmaker Income Fund (TSX:RNK.UN) is selling its post-production and visual effects operations to Deluxe Entertainment Services Group Inc. for $31 million.

Vancouver's largest biotech firm, QLT Inc. (TSX:QLT; Nasdaq:QLTI), has formed a special committee to review the possibility of selling all or part of the company's assets.

Vancouver-headquartered Canfor Corp. (TSX:CFP) continues to restructure its lumber production as the forest industry struggles with poor lumber markets and a high Canadian dollar. The company is reducing its shifts at four sawmills in B.C.

Vancouver's Finning International Inc. (TSX:FTT) plans to acquire Red Deer, Alberta-based Collicutt Energy Services Ltd. (TSX:COH) in a deal worth $145 million.

Vancouver-headquartered Sierra Systems Group Inc. has acquired Calgary's RIS Inc., a provider of applications support and maintenance services. Founded in 1979, RIS employs more than 250 staff and 350 subcontractors.

Vancouver's Sherwood Copper Corp. (TSX-V:SWC) plans to acquire Vancouver-based Western Keltic Mines Inc. (TSX-V:WKM) in an all-share deal worth an estimated $37 million. Sherwood is buying the company to more than double its copper resources.

Burnaby's TIO Networks Corp. (TSX-V:TNC) reported a 37% increase in its annual net loss for its fiscal year ending July 31, 2007, despite a 32% increase in annual revenue. The company's annual revenue rose to $13.5 million from $10.