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A commodities buying spree in January by China's State Reserve Bureau helped halt a five-month decline in commodities prices, which rose 1.3%, according to Scotia Economics' latest Commodity Price Index.

Consumer confidence in Canada is rising faster than in the U.S., according to a new Harris/Decima survey. In February, it hit its the highest level since August 2008.

B.C. retail sales continued their decline in December, falling 5.6% to $4.28 billion from $4.5 billion in November. Year-over-year, retail sales in the province were down 11.3%.

B.C. was second to Ontario in the number of temporary foreign workers Canada's provinces brought in last year to address labour shortages, according to the latest Statistics Canada figures. More than 58,450 temporary foreign workers were in B.C.

Vancouver's Silvercorp Metals Inc. (TSX:SVM) has raised $31 million from a syndicate of underwriters to be used for potential acquisitions, development and general corporate purposes.

Canem Systems, the electrical contracting division of Vancouver's Seacliff Construction (TSX:SDC), has won a $10.4 million contract to supply and install all the electrical equipment for a digital library at the University of Calgary.

Vancouver's Bayou Bend Petroleum Ltd. (TSX-V:BBP) plans to sell its U.S. subsidiaries and assets to a private Texas-based company for US$18 million.

Richmond-based MacDonald, Dettwiler and Associates Ltd. (TSX:MDA) has been selected to provide concept designs to the Canadian Space Agency for Canada's possible role in future lunar space missions. As part of the $1.

Vancouver's Canfor Pulp Income Fund (TSX:CFX.UN) reported a 64% drop in net income for 2008 to $46.8 million from $129.8 million in 2007.

Most Canadians remain confident about the Canadian banking system and feel it's one of the world's strongest, according to a new PricewaterhouseCoopers LLP survey.