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Nova Scotia-based Sobeys Inc. has bought Saanich-based Thrifty Foods in a deal worth an estimated $260 million. The acquisition will give Sobeys a foothold in the B.C.

Norsat International Inc. (TSX:NII) has received a patent for the technology behind its GlobeTrekker portable satellite communication unit.

The number of gas stations in Canada has dropped to under 14,000 today from 20,000 in 1989, according to a recent MJ Ervin & Associates Inc. study.

Burnaby's Glentel Inc. has opened nine new locations across Canada over the past few months: three in Quebec, four in Ontario and two in Alberta.

With the Bank of Canada expected to increase interest rates soon to curb inflation, consumers with heavy debt loads need to reconsider their financial strategy. That's the message from New Westminster-based Credit Counselling Society of B.C.

Despite signing more than US$8 million in new military contracts, OSI Geospatial Inc. (TSX:OSI) still incurred a net loss for its second quarter, which ended May 31, 2007. OSI's second-quarter revenue remained flat at US$6.

Lions Gate Entertainment (NYSE:LGF) has partnered with Break.com, an online video website to distribute its library of movies and TV shows.

Richmond-based Great Canadian Gaming Corp. (TSX:GC) has received approval to more than double the number of slot machines at its Georgian Downs racetrack near Toronto. The Ontario Lottery and Gaming Corp.

Redcorp Ventures Ltd. (TSX:RDV) has closed a $252 million stock and debt offering, the net proceeds of which will be used to develop and build its Tulsequah project in northwest B.C.

Horizon Air has reduced fares on its Kelowna and Victoria routes to Seattle. Fares for flights between Victoria and Seattle will range from $55 to $111, and flights between Kelowna and Seattle will range from $88 to $144.