TORONTO Authentic Kolton Miller Jersey , March 30 (Xinhua) -- Canada's main stock market in Toronto remained positive on Wednesday as the Canadian dollar went stronger a day after U.S. Federal Reserve Chair Janet Yellen brought the U.S. currency back down with her comments on the U.S. economy.

The Toronto Stock Exchange's benchmark Standard & Poor'sTSX Composite Index gained 77.75 points, or 0.58 percent, to close at 13,503.98 points. Seven of the TSX index's eight main sub-sectors were higher.

Energy group was up 0.36 percent, as Enbridge shares rose 2.02 percent to 50.09 Canadian dollars (38.63 U.S. dollars), while oil and gas producer Canadian Natural Resources lost 0.72 percent to 34.66 Canadian dollars.

Gold miners Authentic Donald Penn Jersey , meanwhile, lost ground. Barrick Gold declined 2.94 percent to 17.82 Canadian dollars and Agnico Eagle Mines declined 2.20 percent to 47.66 Canadian dollars.

The precious metal remains on track for its best quarter in nearly 30 years, up 16.4 percent.

Canadian discount retailer Dollarama advanced 7.46 to 88.91 Canadian dollars after reporting a 25 percent jump in profit and hiking its dividend. The company also said Chief Merchandising Officer Neil Rossy would succeed founder-Chief Executive Larry Rossy, who will continue as executive chairman.

On Wednesday, a senior Bank of Canada official said it is likely to take more than two years for the country's economy to fully adjust to the commodity price shock.

Deputy Governor Lynn Patterson said if oil prices remain flat, a new economic balance will take shape over several years -- one that sees the share of the resources sector shrink to pre-boom levels.

In prepared remarks of her speech in Edmonton Authentic Justin Ellis Jersey , Patterson said by 2020 the commodity sector may only account for only 40 percent of exports, down from 50 percent in 2014.

Patterson also said weaker commodity prices will likely continue to lower incomes and economic growth in the coming years.

Meanwhile, the loonie's gain came despite a slightly down day for oil, which lost two cents to trade at 38.26 U.S. a barrel.

The loonie has been gaining ground for more than 24 hours since Yellen reiterated Tuesday afternoon that the U.S. central bank will only ratchet interest rates higher gradually.

"The U.S. dollar is much weaker this morning as yesterday U.S. Federal Reserve Janet Yellen downplayed the expectation of any immediate interest rate hike," said Michael J Smith, a Toronto currency expert at AFEX Authentic Rodney Hudson Jersey , a global non-bank provider of foreign currency services.

After bottoming out at a new 13-year low near 68 U.S. cents earlier this year, the Canadian dollar has quietly staged a mini-rally and is now the best performing major currency in the world since January.

After a strong 2015 for the U.S. dollar, some observers now think the loonie has room to grow, at least in the short term.

"If the greenback remains under pressure from the Yellen comments there is every reason to expect that USDCAD could again retrace back to our lows near 1.2900 in the next day or two," said Smith.

The Canadian dollar traded higher at 0.7713 U.S. dollar, compared with Tuesday's closing rate of 0.7654 U.S. dollar.

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BEIJING (AP) — Move over Authentic Gabe Jackson Jersey , New York City: Beijing is the new ""Billionaire Capital of the World.""

The Chinese capital has overtaken the Big Apple as home to the most billionaires — 100 to 95 — according to Hurun, a Shanghai firm that publishes a monthly magazine and releases yearly rankings and research about the world's richest people and their spending habits.

The study, which comes months after reports suggested China now has more billionaires than the United States, highlights how China's elite are continuing to accrue vast wealth despite a wobbling stock market and cooling economy.

Different tabulations of wealth, such as the Hurun Report and the Forbes list, have historically produced somewhat different results depending on their methodology.

Rupert Hoogewerf Authentic Seth Roberts Jersey , the founder of Hurun, attributed China's explosive wealth creation to Chinese market regulators allowing a flood of new initial public offerings after holding back new IPOs for several years.

Hoogewerf said his wealth calculations were made using stock prices as of Jan. 15, which means they took into account the Chinese market's 40 percent tumble over the past half year.

Had the calculations been made at the market's peak last summer, the number of Chinese billionaires would have been nearly 150, Hoogewerf said.

Beijing took the title from New York after minting 32 new billionaires last year, while New York gained four. Moscow came in third place Authentic Bruce Irvin Jersey , with 66 billionaires, while Hong Kong and Shanghai came in fourth and fifth with 64 and 50, respectively, Hurun said.

China's richest man, real estate tycoon Wang Jianlin, came in 21st place globally behind Wal-Mart scions Authentic Kelechi Osemele Jersey , the Swedish family that owns Ikea and Brazilian investor Jorge Paulo Lemann. Other Chinese billionaires in the global top 100 included Alibaba founder Jack Ma, beverage magnate Zong Qinghou, and the tech bosses at phone maker Xiaomi, social media firm Tencent and Baidu, the search engine.

Hoogewerf said China had a particularly high proportion of self-made billionaires compared to the United States.

""What we showed today is that at the super-wealth creation level, the Chinese are now leading Authentic Marshawn Lynch Jersey ,"" Hoogewerf said. ""People will look at China the same way that people looked at Stanford or Silicon Valley in the 1990s.""

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