(New throughout, updates prices, market activity and comments)
* TSX ends up 0.8%
* Posts its biggest gain since July 21
* Energy sector gains 3.9%; financials end 0.7% higher
* Celestica Inc shares jump 17.3%
TORONTO, Sept 22 (Reuters) - Canada's main stock index on
Wednesday climbed by the most in two months as higher oil prices
and reduced market concerns around property developer China
Evergrande offset a hawkish signal from the U.S. Federal
The Toronto Stock Exchange's S&P/TSX composite index
ended up 157.20 points, or 0.8%, at 20,401.49, its
biggest gain since July 21.
A cash injection from the People's Bank of China helped
boost investor sentiment after worries about the potential
collapse of China Evergrande weighed on global financial markets
in recent days.
"Now with People's Bank of China stepping in to support
China's financial system, commodities are bouncing back and
that's a positive for Canadian markets," said Colin Cieszynski,
chief market strategist at SIA Wealth Management.
U.S. crude futures settled 2.5% higher at $72.23 a
barrel, while the Toronto stock market's energy sector
ended up 3.9%.
The heavily-weighted financial services sector
climbed 0.7% and consumer discretionary was up 1.4%.
Shares of electronics company Celestica Inc jumped
17.3% as the company updated its earnings guidance.
Still, the TSX is headed for its first monthly decline since
January amid concerns over slowing global growth and a potential
reduction of stimulus by the Fed.
The U.S. central bank on Wednesday cleared the way to reduce
its monthly bond purchases "soon" and signaled interest rate
increases may follow more quickly than expected.
(Reporting by Fergal Smith; Additional reporting by Amal S in
Bengaluru; Editing by David Gregorio)