(Updates with new quote and closing price)

By Ragini Mathur and Ed White

Sept 30 (Reuters) - The TSX pegged an all-time record

close on Tuesday and ended the quarter higher, as a

holiday-affected market digested news about U.S. tariffs, as

well as corporate news from Imperial Oil ( IMO ) and TD Bank.

The TSX closed up 50.9 at 30022.81. Many Canadian

companies and traders observed the National Day for Truth and

Reconciliation holiday, but volume was average.

U.S. President Donald Trump said Monday his administration

would put 10% tariffs on imported timber and lumber, and 25%

duties on some imported furniture and cabinets. Canada is a

major exporter of wood products to the U.S.

Trump also threatened 100% tariffs on foreign-made films.

Canada has a large moviemaking industry tightly integrated with

Hollywood.

U.S. oil major Exxon Mobil ( XOM ) said it plans to lay off

about 2,000 workers, including hundreds at Imperial Oil ( IMO )

, of which it owns a majority share. Imperial fell on

the news.

TD Bank hit a record share price early on Tuesday

following CEO Raymond Chun's statements about his company's

growth potential, its anti-money-laundering efforts, and its

cost-savings focus. The financial subindex rose.

Michael Dehal, senior portfolio manager with Raymond

James, pointed to a risk-off day in U.S. and Canadian markets,

with defensive sectors strengthening at the end of the quarter.

"People might be rebalancing their portfolios, taking

profits on some of the high-fliers like tech," said Dehal.

Traders are also watching the prospects of a U.S. government

shutdown.

A government closure would delay Friday's crucial U.S.

employment report, potentially complicating the Federal

Reserve's monetary policy outlook.

Canada's benchmark index closed September and the third

quarter with robust gains due to strong corporate earnings and

high commodity prices, particularly gold, said Josh Sheluk, a

portfolio manager at Verecan Capital Management.