Burnaby

Ballard Power Systems Inc. reported a second-quarter loss of $20.3 million, or 7 cents per share, exceeding Wall Street's expectation of a 4-cent loss. Revenue of $20.6 million also fell short of the projected $27 million, with shares closing at $2.79, up from $1.83 a year earlier.

Purchasers of pre-sale units in Burnaby's Eclipse condo tower claim their contracts are invalid, arguing they wouldn't have signed them if aware of the developer's financial struggles. The case highlights issues in the struggling Lower Mainland condo market.