percent. Ivanhoe Mines Ltd. shares surged 7.80 percent to 2.35 Canadian dollars (1.77 U.S. dollars) after the company executives announce▓d the discovery of 192 million tons of copper in their mine in the Democratic Republic of Congo.In addition to Ivanhoe's good news, Jaguar Mining Inc., a Toronto-based gold miner with o
perations in Brazil▓, released favorable third-quarter gold prod▓uction data that positions the company to exceed their ▓2016 production target. As a result, shares rose ▓7.14 percent to 0.75 Canadian dollar (0.57 U.S. dollar).The energy sector cooled ▓down, with a 0.75 percent loss on the day, as energy giants Baytex Energ
y Corp. and Suncor Energy Inc. ▓saw losses of 2.45 percent and 0.56 percent, respectively.Brent crude oil prices gave up 1.14 percent for D▓ecember delivery to close at 51.81 U.S. dollars a b▓arrel in London.The Canadian dollar close▓d the day at 0.7541 U.S. dollars, comp▓ared to Tuesday's closing rate of 0.7550 U.S. dollars.
Please scan the QR Code to follow us on InstagramPlease scan the QR Code to follow us on WechatSig▓ns of a cooling effect have emerged as Chi▓nese cities have taken steps to control their red-h▓ot property markets.Signs of cooling emerge as Chinese cities control property marketsSigns of cooling emerge as C▓hinese cities control property markets10-09-2016 20:18 BJTBEIJING, Oct. 9 (Xinhua) -- Signs of a cooling effect have emerged as Chinese cities have taken steps to control their red-hot property markets.Shanghai has adopted measures that include increasing land supply and strengthening the supervision of capital to address its sky-high housing market.According to the measures published Saturday, the city will increase the supply of land for commercial housing construction. A work team ▓composed of staff from government departments w▓ill be formed to regulate the funding ▓sources for land purchases.The city wil▓l also enhance supervision over the purch▓ase of homes that have previously been owned but ne▓ver used. Stricter supervision over new home prices will als▓o be implemented.Authoritative property market i▓nformation will be released on a re▓gular basis to stabilize market expectations.Also on Saturd▓ay, Nanchang, capital of east China's J▓iangxi Province, adopted a spate of measures to restrict home buying.In certain districts of the cit▓y, local residents who own one or more houses will not be allowed to buy new ho▓mes. People without a local hukou (househol▓d registration certificate) who own one or more houses will not be able to buy eit▓her new or pre-owned houses.First-time home buyers will▓ be required to make a minimum down pa▓yment of 30 percent, compared to 20 percent previously.Statistics show over ▓90 percent of cities surveyed in August reported new home price rises, up from 73 percent in July. Central bank data showed that banks in August made 529 billion yuan i▓n household loans, with mortgages accounting for 55.7 perce▓nt of the total.S
ince Sept.30, a dozen cities, includin▓g both first-tier cities such as Beijing and Shenzhen as well as smaller cities, have rolled out policies ranging from higher down payments to home purchase restrictions to curb speculative housing purchases.Zhou Xiao▓chuan, governor of the People's Bank of China, said the▓ Chinese government is very concerned about the ▓recent rise in home prices and will take active measures to regulate the market.He made the rem▓arks while co-chairing the Fourth G20 Finance Ministers and Central Bank Governors Meeting with Chinese Finance Minister Lou Jiwei in Washington Thur▓sday.COOLING DOWNSun Qiang, a real estate agent in▓ northern Beijing, believes that th▓e higher down payment minimums introduced on▓ Sept.30 have discouraged many buye▓rs."I was busy for all of September, and I even to▓ok 10 groups of clients to see houses one day," he said. "But during the first three days of▓ the National Day holiday (Oct. 1-7), I only received ▓two groups."Hu Jinghui, vice president of leading ▓real estate agency 5i5j, said records show that purchase contrac