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TSX ends up 0.2% at 25,543.52

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Eclipses Wednesday's record closing high

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Energy rises 0.7%; oil gains 0.2%

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Nine of 10 major sectors end higher

(Updates at market close)

By Fergal Smith

Nov 28 (Reuters) - Canada's main stock index rose to a

record high on Thursday in trading thinned by the U.S.

Thanksgiving holiday, led by energy and industrial shares, as

the prospect of further rate cuts fed optimism the market's

upward momentum would continue through year-end.

The Toronto Stock Exchange's S&P/TSX composite index

ended up 55.22 points, or 0.2%, at 25,543.52, moving

past the record closing high it notched on Wednesday.

Volumes were lighter than usual with the U.S. stock market

closed for the holiday.

"It's all about grinding higher into the end of the year,"

said Allan Small, senior investment advisor of the Allan Small

Financial Group with iA Private Wealth.

"Rates will come down, inflation will stay where it's at ...

There's going to be a lot of spending over Thanksgiving and over

the holiday season."

Canada's third-quarter gross domestic product report, due on

Friday, could offer clues on the pace of expected further

interest-rate cuts by the Bank of Canada. Economists forecast

growth slowing to an annualized rate of 1%.

The energy sector rose 0.7%, helped by gains for Canadian

Natural Resources Ltd ( CNQ ), Canada's largest oil and gas

producer.

The price of U.S. oil edged up 0.2% to $68.88 a barrel after

Israel and Lebanese armed group Hezbollah traded accusations

that their ceasefire had been violated.

Industrials were up 0.5%, helped by gains for railroad

shares and Bombardier.

The business-jet manufacturer was among the biggest

decliners in the days after U.S. President-elect Donald Trump

pledged to impose a 25% tariff on imports from Canada and

Mexico.

Nine of 10 major sectors ended higher, with heavily weighted

financials down slightly.