Colorado Springs-based Accellos Inc., a start-up that began six months ago with US$20 million in venture capital money, announced it purchased Radio Beacon Inc. of Toronto.

The Ottawa Sun reports that the Canadian VC industry is suffering and good opportunities are being missed.

Ontario is last in growth according to RBC: For the overall Canadian economy, RBC has revised its 2006 growth forecasts downward with Ontario being sharply downgraded to last place among the provinces. Alberta and British Columbia are now in first and second place respectively, bumping Newfoundland and Labrador to third place for growth in 2006.

For the second year in a row, an online entrepreneur from British Columbia won first place in the annual "eBay Canadian Entrepreneur of the Year Awards,"

Active Control Technology Inc. today announced the publication of the first equity research report on ACT by the international investment bank Loewen, Ondaatje, McCutcheon Limited (LOM).

iseemedia Inc. has closed a non-brokered private placement raising gross proceeds of $500,000 through the issuance of an aggregate of 1,428,572 common shares at a price per share of $0.35. The proceeds will be used for working capital purposes.

iseemedia Inc. has closed a non-brokered private placement raising gross proceeds of $500,000 through the issuance of an aggregate of 1,428,572 common shares at a price per share of $0.35. The proceeds will be used for working capital purposes.

Nick Curry, Chief Information Officer at MTS Allstream Inc., has been named this year's top CIO by Canadian Business magazine.

The Westaim Corporation will provide a technology update on its iFire Technology Corp. subsidiary via webcast at 10:00 a.m. EDT on Wednesday October 18, 2006. To listen to the webcast live on the Internet, please go to http://www.westaim.com.

MediSystem Technologies Inc. says that earlier today, Shoppers Drug Mart Corporation acquired an additional 1,559,000 common shares of MediSystem under its previously announced offer to acquire all of the outstanding common shares of the company,