*

TSX ends up 0.7% at 25,073.54

*

For the week, the index adds 1.1%

*

Nine of 10 major sectors notch gains

*

Technology rises 1.2%

(Updates at market close)

By Fergal Smith

Jan 3 (Reuters) - Canada's main stock index rose on

Friday to round out a positive holiday-shortened week, with nine

of 10 major sectors participating as investors looked ahead to a

potentially volatile year for the market.

The S&P/TSX composite index ended up 175.51 points

or 0.7% at 25,073.54. For the week, the index added 1.1%, its

second straight weekly gain. It was closed on Wednesday for the

New Year holiday.

"Going into this year, I think we're going to see a lot more

volatility and I think that partially might be reflected today

with the positive move in the market," said Michael Sprung,

president at Sprung Investment Management.

"No one really knows yet what's going to happen when the new

regime takes over in the U.S., whether or not those tariffs are

going to be imposed or not or what countermeasures may be taken

to deal with it."

U.S. President-elect Donald Trump has threatened to impose a

25% tariff on all imports from Canada. Canada sends about 75% of

its exports to the United States.

The TSX gained nearly 18% in 2024, its biggest yearly

advance since 2021. But it was down 3.6% in December as a

hawkish shift by the Federal Reserve rattled investors.

The Toronto market's technology sector climbed 1.2%, helped

by a gain of 4.2% for the shares of electronics firm Celestica ( CLS )

.

Heavily weighted financials rose 0.7%, industrials were up

0.8%, while energy added 0.6% as the price of oil climbed

1.2% to $74.00 per barrel.

Brookfield has delayed the sale of its Citypoint

tower in London after bids fell short, forcing the property

manager to extend debt repayments, a source familiar with the

matter said. Shares of Brookfield were up 0.7%.

Healthcare was the only sector not to end higher, posting a

very slight decline.