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TSX flat; pares after hitting a two-week high

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Broad gains offset by declines in resource stocks

(Updated at 9:47 a.m. ET/ 1347 GMT)

By Purvi Agarwal

April 29 (Reuters) - Canada's main stock index trimmed

gains after hitting its highest in over two weeks amid broader

gains, while investors awaited a week of corporate earnings and

the U.S. Federal Reserve's monetary policy decision.

At 9:47 a.m. ET (13:47 GMT), the Toronto Stock Exchange's

S&P/TSX composite index was up 5.12 points, or 0.02%,

at 21,974.36.

Nine out of the eleven sectors on the TSX gained with

Healthcare rising the most at 0.9%, followed by

utilities at 0.7%. Materials and Energy

stayed at the bottom with a 0.3% decline each.

On the radar this week is the U.S. Federal Reserve's next

decision on interest rates due Wednesday, which follows a report

on Friday that showed inflation rose in line with estimates.

"There's really no anticipation about interest rates being

cut or going up, but obviously the language as to what the Fed

says will be everything", said Allan Small, senior investment

advisor of the Allan Small Financial Group with iA Private

Wealth.

Data-wise, a monthly reading of the crucial non-farm

payrolls data in the U.S., and a monthly reading of the gross

domestic product (GDP) data in Canada is due later in the week.

"If we see a pullback in GDP from where the first few months

of the year were, then the calls for cutting rates in June or

July this year will be even stronger", added Small.

Economic data in Canada has been in the limelight for

investors since Bank of Canada's Governor Tiff Macklem hinted at

the possibility of a June cut if the cooling trend in inflation

was sustained early in April.

In corporate news, Enerplus ( ERF ) slipped about 1% after

brokerage RBC downgraded it to "sector perform" from

"outperform".