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The average price of Canada's major commodity exports retreated 4.6% in July after two consecutive months of gains, according to Scotiabank's commodity price index released Thursday. The oil and gas index led commodity price declines, falling 7.

Residential real estate sales in B.C. are forecasted to climb 15% in 2009 off 2008 lows, according to the B.C. Real Estate Association. B.C. Multiple Listing Service (MLS) sales are expected to climb to 79,400 units, up from 68,923 units in 2008.

Commercial real estate sales in B.C. during the first six months of 2009 fell to seven-year lows, according to Avison Young's latest investment report.

Operating profits for Canada's corporate sector fell for a third consecutive quarter, according to Statistics Canada data released Wednesday. Corporate profits fell 6.4% in the second quarter to $50.2 billion from $53.

Operating profits for Canada's corporate sector fell for a third consecutive quarter, according to Statistics Canada data released Wednesday. Corporate profits fell 6.4% in the second quarter to $50.2 billion from $53.

Commercial real estate sales in B.C. during the first six months of 2009 fell to seven-year lows, according to Avison Young's latest investment report.

Richmond-based Catalyst Paper Corp. (TSX:CTL) said it will restart one pulp production line at its Crofton kraft pulp mill on Vancouver Island because of improved market conditions.

Vancouver's Cardiome Pharma Corp. (Nasdaq:CRME; TSX:COM) will launch a tender offer to purchase up to 6.47 million of its shares for cancellation.

Richmond's MacDonald, Dettwiler and Associates Ltd. (TSX:MDA) has signed a $10 million contract with the prime contractor for two new telecommunication satellites.

Surrey-headquartered Terasen Gas has launched a pilot project with the Columbia Shuswap Regional District to explore the possibility of tapping biogas from the regional landfill site for commercial use.