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Finning International Inc.'s (TSX:FTT) U.K. subsidiary, Hewden Stuart plc, has sold its tool rental business to a U.K. competitor Speedy Hire plc for $245 million. The purchase price includes Hewden's 188 tool rental locations in the U.K.

Sumitomo Corp., one of Japan's largest conglomerates, has acquired an 8.7% stake in Augusta Resource Corp. (TSX, AMEX:AZC) for $26.6 million. The financing was part of a $37.

Aquinox Pharmaceuticals Inc. has landed US$14.5 million in venture financing to develop a proprietary cancer and inflammatory disease drug treatment. Ventures West Capital Ltd.

Vancouver IT consulting services provider T4G Limited has acquired the Canadian operations of Aculix Inc., a U.S.-based IT consulting firm. Financial details of the acquisition were not disclosed.

A new MasterCard Worldwide index ranks Vancouver as one of the top 50 cities in the world to do business. Vancouver finished 28th out of 50 cities on a scale that evaluates a city's ability to promote global commerce.

Canadian employers expect to be hiring extensively this summer, according to the latest results from the Manpower Employment Outlook Survey.

Beijing's Aluminum Corporation of China has offered $840 million to acquire Vancouver-based Peru Copper Inc. (TSX:PCR). As part of the proposal from the diversified metals and mining company, Peru Copper shareholders would receive $6.

Travellers can now fly non-stop from Vancouver to New Zealand all year round following Air New Zealand's decision to expand its peak season direct flight between Vancouver and Auckland beginning this November.

New home construction in Greater Vancouver increased by almost 50% in May compared with the same time last year, according to the Canada Mortgage and Housing Corp.

Insurance from the sinking of the Queen of the North helped improve BC Ferries' 2006 bottom line. Profit for one of the world's largest ferry fleets jumped to $110 million in 2006 compared with $49.9 million in 2005.