Economically sensitive consumer discretionary shares rose 1.6%, led by gains for children's entertainment company Spin Master Corp TOY.TO and apparel maker Gildan Activewear Inc GIL.TO after both reported results that beat estimates. The Fed on Wednesday announced it would taper its bond-buying program but restated its belief that current high inflation is "expected to be transitory" and signaled it would stay patient before raising interest rates. The senior executives at Canada's two biggest life insurers said they were bracing for more COVID-19 related uncertainties in their fastest-growing market, Asia.