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TORONTO， Nov. 18 (Xinhua) -- Canada's main stock market ended the week ahead for a fourth session as Statistics Canada reported a 1.5-percent year-over-year increase in the Consumer Price Index (CPI) during October.
The Toronto Stock Exchange's benchmark Standard & Poor'sTSX Composite Index climbed 37.94 points， or 0.26 percent， to close the session at 14，864.03 points. Four of the 10 sub-sectors finished the day ahead.
Earlier in the day， Canada's national statistics agency announced that the CPI had increased to 1.5 percent in October. This 0.2-percent uptick matched the market consensus.
Of the eight major CPI-components， energy and shelter， the biggest contributors， grew a respective 3.0 percent and 1.9 percent in the last 12 months. The food category faded 0.7 percent， the first time posting a year-over-year decline since January 2000.
Dawn Desjardins， deputy chief economist at Royal Bank of Canada， expects the CPI to continue to rise as energy prices have rallied in November.
"The headline inflation rate recovered after three months of slowing and will likely drift up further as the weight from falling energy prices continues to dissipate，" said Desjardins in a report.
She expects the CPI to reach 2 percent but does not expect the Canadian central bank to increase the overnight interest rate.
"Our forecast is that the economy will grow at an above-potential pace throughout 2017， underpinning inflation expectations at 2 percent and preventing a downshift in underlying price pressures. Against this backdrop there will be little reason for the Bank (of Canada) to ease further and we expect they will maintain the overnight rate at 0.5 percent through the next year."
During the trading day， the TSX Energy group saw the biggest gains， rising 1.12 percent as natural gas prices surged 5.25 percent to 2.845 U.S. dollars per million British thermal units. Crude oil also contributed， as a contract for a barrel of Brent in January gained 87 cents to 46.88 U.S. dollars.
Energy makers Encana Corp. and Suncor Corp. shares rose 3.07 percent and 1.43 percent， respectively. Meanwhile， Calgary-based Spartan Energy Corp. announced the strategic acquisition of light oil assets from ARC Resources for 700 million Canadian dollars (about 518 million U.S. dollars). As a result of the news， more than 10 million shares were traded and the stock price faded 1.91 percent to close at 3.08 Canadian dollars (2.28 U.S. dollars).
Also finishing the week strong was the financials subgroup， gaining 0.57 percent. The National Bank of Canada and Toronto-Dominion Bank posted healthy gains of 1.30 percent and 0.83 percent， respectively.
Gold prices continued to be harmed by a surging U.S. dollar. Gold fell to a five-month low of 1207.90 U.S. dollars an ounce， while the U.S. dollar reached a 14-month high. As a result， the materials sub-sector， which is made up of miners of gold and other precious metals， slid 0.69 percent on Friday.
Shares of gold miners Kinross Gold Corp. and B2Gold Corp. dipped 4.38 percent and 1.23 percent， respectively.
The Canadian dollar closed the week at 0.7402 U.S. dollar， a 0.0001 gain from Thursday's end of day rate.
RIO DE JANEIRO Wholesale Lions Jerseys , Nov. 8 (Xinhua) -- Brazil and Argentina are preparing a joint tourism promotion program in China to attract more visitors from the Asian giant, official sources announced Wednesday.
The president of the Brazilian tourism institute, Embratur, Vinicius Lummertz, and the Argentinean tourism minister, Gustavo Santos, met in London on Wednesday during the World Travel Market in London.
They decided to carry out a joint promotion tour in the Chinese cities of Beijing, Shanghai and Guangzhou among others, Embratur said in a statement.
The governments of Brazil and Argentina have been trying to reach an agreement for two years on a joint tourism promotion effort in China.
"The Chinese market is very large and is growing. We have the problem of distance, but the joint initiative makes everything easier, with lower costs and simplified logistics. From the start, we and Argentina have considered that, since Asian and American travellers to Europe visit two or more countries, why not offer the same in South America," commented Lummertz.
Santos added that "while they have the Great Wall, one of the wonders of the world, we have the Iguazu Waterfalls, another marvel. We are brothers through this and we need to bring our people together, and promote all this more."
Santos also asked the Brazilian government to adopt "a more flexible policy in terms of the visa demands for China tourists."
Embratur said that China accounts for more international travellers than any other country, with 130 million Chinese citizens travelling abroad last year, but with only around 60,000 visiting Brazil.
by Xinhua writers Guo Ying and Zhao Wanwei
BEIJING, Nov. 14 (Xinhua) -- After an 18-hour contest against 30 competitors from around the world, 21-year-old Hu Ping won the gold medal in Fashion Technology at the 44th WorldSkills Competition. She cut her cloth well within the stipulated time and perfectly matched the pattern.
Hu has been interested in handcrafting, especially making clothes, since she was a child. After graduating from junior high school four years ago, she enrolled in Beijing Industry and Trade Technician College to study costume design and production. She learned how to judge apparel fabrics, 3D cropping, pattern-making and sewing production, paving the way for her success.
Hu's design teacher, Yang Yu, worked in the apparel industry for 15 years. With a deep understanding of the needs of businesses and technical challenges, she teaches practical skills.
"I hope to teach students what the market and industry really need. We hope to cultivate garment technologist. Tyreek Hill Jersey Tremaine Edmunds Jersey Authentic Sam Darnold Jersey Russell Wilson Youth Jersey Rob Gronkowski Kids Jersey Odell Beckham Jr Giants Jersey Myles Jack Jaguars Jersey Mitchell Trubisky Bears Jersey Minkah Fitzpatrick Dolphins Jersey Le'Veon Bell Steelers Jersey |
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Post subject: Embratur said that China accounts for
