CANADA STOCKS-TSX makes broad gain, record gold leads way

Wed Oct 13, 2010 4:10pm EDT
 
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TORONTO Oct 13 (Reuters) - Toronto's main stock index closed sharply higher on Wednesday, led by commodity issues after the U.S. Federal Reserve signaled it may pump extra stimulus into the U.S. economy.

Underpinned by a sagging U.S. currency, bullion prices set a record high, while the price of oil held close to $83 a barrel. Those bullish prices helped send the index's materials group up 1.76 percent and the energy sector 0.9 percent higher.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE unofficially closed 97.67 points, or 0.78 percent, higher at 12,673.31, paring gains from the highest level in more than two years, reached earlier in the session. (Reporting by Ka Yan Ng; editing by Peter Galloway)