CANADA STOCKS-Fed surprise propels TSX to two-year high

Wed Sep 18, 2013 5:11pm EDT
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* TSX rises 97.29 points, or 0.76 percent, to 12,931.40

* Five of the 10 main index sectors advance

* Gold-mining shares jump 8.7 percent

* CNOOC debuts on Toronto exchange

* BlackBerry drops after new smartphone launch

By John Tilak

TORONTO, Sept 18 (Reuters) - Canada's main stock index climbed to its highest point in more than two years on Wednesday, led up by a jump in gold producers after the U.S. Federal Reserve said it would keep its monetary stimulus measures in place for now.

The Fed's surprise announcement unleashed a flood of buying in the Toronto market as investors took positions in heavy-volume trading. The market in general had expected the Fed to scale back its stimulus program.

High-yield sectors such as REITs, utilities and telecoms clocked solid gains as they tend to thrive in a low interest-rate environment. But insurers slipped.   Continued...