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TORONTO, Sept. 20 (Xinhua) -- Canada's main stock market Tuesday closed higher for the second day after Bank of Canada Governor Stephen Poloz suggested adopting a low interest rate in the immediate future.


The Toronto Stock Exchange's benchmark Standard & Poor'sTSX Composite Index gained 25.75 points, or 0.18 percent, to close at 14,521.98 points. Seven of the index's ten sub-sectors rose during the trading day.


The market was anxiously waiting for the result of the U.S. Federal Reserve's two-day meeting due to conclude on Wednesday to determine if an interest rate raise is warranted.


During his Tuesday afternoon speech titled 'Living with Lower for Longer' in Quebec City, Poloz wanted individuals and businesses to plan for a long period of lower interest rate, which has not exceeded 1.0 percent since 2009.


""We need to prepare for lower (interest rates) for longer,"" Poloz said. ""Individuals need to plan for retirement with different assumptions about longevity, interest rates and growth.""


""Businesses need to make sure their expectations about investment returns reflect the current and future reality and reconfigure their investment plans accordingly,"" he added.


Brian DePratto, economist at TD Bank, agreed with Poloz's remarks.


""We are inclined to agree with the governor. Aging population and slower productivity growth mean that the 'cruising speed' of the Canadian economy will continue to tick lower in coming years,"" said DePratto.


""We think the Bank of Canada is unlikely to increase interest rates until early 2019. Today's comments only reinforce this view,"" he added.


The Information Technology sector gained 1.28 percent on Tuesday. Constellation Software Inc. shares increased 2.04 percent to 584.88 Canadian dollars (442.70 U.S. dollars), while shares of Waterloo-based Blackberry Limited rose 3.10 percent to 9.98 Canadian dollars (7.55 U.S. dollars).


The TSX IT group is up 3.79 percent over the last seven trading days


TSX energy group fell 1.03 percent as Encana Corporation shares slumped 7.6 percent to 12.04 Canadian dollars (9.11 U.S. dollars) after the Calgary-based firm announced the intent to sell 1 billion U.S. dollars of shares to repay debt and fund drilling operations in Texas.


The Canadian dollar was slightly down to close at 0.7569 U.S. dollars on Tuesday compared to Monday's closing rate of 0.7574 dollars..

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BEIJING [url=http://www.hockeyleafsshop.com/Doug-Gilmour-Jersey/]Doug Gilmour Toronto Maple Leafs Jersey[/url] , Dec. 24 (Xinhua) -- Traditional powerhouse Jiangsu edged Beijing 124-122 on the road to extend the winning streak to five games in the Chinese Basketball Association (CBA) league on Sunday.


Jiangsu started the game well thanks to the scoring from Marshon Brooks and local center Li Yuanyu.


The visitors carried a lead of 13 points into the last period, only to see Beijing cut it to four with less than one minute left. However, the Jiangsu cagers were strong from the freethrow line to secure the victory.


Guard Brooks had a game-best 39 points and Miroslav Radulica added 23 points and eight rebounds for Jiangsu [url=http://www.hockeyleafsshop.com/Dave-Keon-Jersey/]Dave Keon Toronto Maple Leafs Jersey[/url] , while Beijing Aaron Jackson made 25 points and Zhai Xiaochuan had 26 points, nine rebounds and seven assists.


Another title-contender Liaoning harvested an easy victory by overwhelming Sichuan 123-91. Sichuan, who won the CBA title in 2016 [url=http://www.hockeyleafsshop.com/Darryl-Sittler-Jersey/]Darryl Sittler Toronto Maple Leafs Jersey[/url] , swallowed the 12th straight loss.


Jiangsu moved up to the second place on the rankings, while Liaoning stood on the third.


In the Guangdong derby, Guangdong outscored Shenzhen 126-111. Former NBA forward Yi Jianlian had 24 points and 16 rebounds.


In other games on Sunday [url=http://www.hockeyleafsshop.com/Darcy-Tucker-Jersey/]Darcy Tucker Toronto Maple Leafs Jersey[/url] , Shanxi defeated Shandong 128-114, Guangzhou edged Shanghai 118-114, Qingdao breezed past Tianjin 126-111.



" Find Cheap Flights to New York to See Top Five Attractions in Central Park

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