*

TSX ends up 0.2% at 25,049.67

*

Eclipses Wednesday's record closing high

*

Energy climbs 2.4%; oil settles 0.4% higher

*

Technology pulls back 3.5%

(Updates at market close)

By Fergal Smith

Nov 14 (Reuters) - Canada's main stock index extended

its record-setting run on Thursday as gains for energy shares

offset a pullback in technology stocks and investors weighed

recent declines for the Canadian dollar.

The S&P/TSX composite index ended up 60.65 points,

or 0.2%, at 25,049.67, eclipsing the record closing high it

posted on Wednesday and marking its fourth consecutive day of

gains.

"The broad optimism after the U.S. election continues," said

Angelo Kourkafas, senior investment strategist at Edward Jones.

"Yes, there are some concerns about what Trump policies

might mean but at the same time corporate profits are on the

rise, the economy is still growing and interest rates are lower

which is a really good mix for further gains."

Ongoing economic growth, a solid job market, and inflation

that remains above the 2% target mean the Federal Reserve does

not need to rush to lower interest rates and can deliberate

carefully, Chair Jerome Powell said.

U.S. President-elect Donald Trump has proposed sweeping

tariffs that could hurt Canada's trade-dependent economy. The

Canadian dollar touched its weakest level since May 2020

at 1.4053 per U.S. dollar, or 71.16 U.S. cents.

"We have seen a significant depreciation of the Canadian

dollar but relative to other currencies, it has held up pretty

well," Kourkafas said.

The energy sector rose 2.4% as the price of oil clawed back

some recent declines, settling 0.4% higher at $68.70 a barrel.

Shares of Paramount Resources ( PRMRF ) jumped 15.3% after

the company agreed to a $2.38 billion all-cash deal to sell oil

assets to shale producer Ovintiv ( OVV ).

The materials group, which includes fertilizer companies and

metal mining shares, was up 1% and heavily weighted financials

added 0.6%.

The biggest decliner was technology. It was down 3.5% after

notching gains in the previous seven sessions.