(Updates at market close)
By Fergal Smith
Sept 30 (Reuters) - Canada's main stock index wrapped up
its strongest quarter in four years, as it ended higher on
Monday with gains for energy and technology shares offsetting
declines for metal miners.
The Toronto Stock Exchange's S&P/TSX composite index
ended up 41.31 points, or 0.2%, at 23,998.13, after a
late rally took it into positive territory.
For the month, the index rose 2.8%, while it was up 9.7% in
the third quarter, as the Bank of Canada and the Federal Reserve
cut interest rates.
The S&P 500 also ended higher on Monday after briefly
falling as Fed Chair Jerome Powell said the U.S. central bank is
not in a hurry to lower interest rates.
The TSX's technology sector rose 1%, helped by a gain of
5.6% for the shares of BlackBerry Ltd. ( BB ) Energy was up
0.7% as the price of oil settled nearly unchanged at
$68.17 a barrel.
The materials sector, which includes fertilizer companies
and metal mining shares, ended 1.2% lower as gold and copper
gave back some recent gains. Still, the sector has been the
standout performer this year, jumping 27.3%.