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Telus posts higher quarterly revenue, but lower profit

Western Canada's largest telecommunications firm, Telus Corp., (TSX:T; NYSE:TU) reported a 6% increase in its quarterly revenue for its first quarter ending March 31, 2007, but saw its profit fall 7.3%. Revenue rose to $2.
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Lululemon launches $230 million IPO to fund massive expansion plan

Lululemon Athletica plans to double its storefront presence in North America over the next two years funded by a US$230 million initial public offering.
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Revenue up, losses down for Victoria-based government software maker

Victoria's local government software developer Municipal Solutions Group Inc. (TSX-V:MSZ) has reported a 19% increase in revenue and a 20% drop in its annual loss for the fiscal year ending December 31, 2006. Revenue for the year increased to $4.
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Quarterly profits rise 33% for Richmond-based auctioneers

Ritchie Bros. Auctioneers Inc. (TSX,NYSE:RBA) reported a 33% increase in its quarterly earnings for its first quarter ending March 31, 2007, compared with the same period a year ago. Net earnings rose to $17.6 million compared with $13.
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VPA to institute tougher trucker safety and environmental standards

Stricter container truck safety and environmental standards are coming to the Port of Vancouver.
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Stornoway Diamond to off-load interest in Alberta property in $17.5 million deal

Stornoway Diamond Corp. (TSX:SWY) plans to sell its 45% interest in north-central Alberta's Buffalo Hills property to Diamondex Resources Ltd. and Shore Gold Inc. for $17.5 million. Shore Gold will pay $8.
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Sierra Wireless posts 89% quarterly revenue increase

Sierra Wireless Inc. (TSX:SW) posted a new quarterly record in 2007's first quarter, which ended March 31, as revenue for the Richmond-based developer of wireless data technology increased 89% to $85.
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Xantrex joins consortium to develop solar invertors for U.S. Department of Energy

The U.S. Department of Energy has added Xantrex Technology Inc. (TSX:XTX) to a consortium that plans to build a more efficient solar inverter. Xantrex will join SunPower, GE Energy, BP Solar and Amonix Inc.
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PhotoChannel to acquire U.K. digital photo company in $18.2 million deal

PhotoChannel Networks Inc., (TSX-V:PN) which provides e-commerce technology and online digital photo processing and music download systems to retailers, has made an $18.2 million bid for Pixology plc, a U.K.-based digital photofinishing provider.
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Victoria's Vecima Networks opens Indian software development office

Victoria-headquartered Vecima Networks Inc. (TSX:VCM) has opened an 8,000-square-foot facility in Mangalore, India. The office will initially be home to about 10 software developers and increase to 50 staff in the next few months.
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