(Updates at market close)

* TSX ends up 1% at 36,146.42

* Shopify ( SHOP ) shares jump 16.5% to highest since January 19

* Materials group adds 5.6% as gold climbs

* Energy falls 3% as oil settles 0.7% lower

By Sudeshna Ghoshal and Fergal Smith

TORONTO, Aug 5 (Reuters) - Canada's main stock index notched

another record high on Wednesday, led by sharp gains for metal

mining shares as well as for the shares of Shopify ( SHOP )

after the e-commerce company delivered a strong outlook and

market-beating quarterly results.

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

ended up 344.83 points, or 1%, at 36,146.42,

surpassing Tuesday's record closing high.

* "Shopify ( SHOP ) is obviously a bellwether for tech in Canada,"

said Allan Small, senior investment adviser of the Allan Small

Financial Group with iA Private Wealth. "When these companies

report good earnings ... it adds to this idea that tech

companies are still doing well, that the AI spend is not

stopping."

* Shopify ( SHOP ) shares jumped 16.5% to the highest level since

January 19. The company issued a rosy third-quarter forecast as

its AI efforts draw more merchants to a suite of e-commerce

services, assuaging fears over growing competition.

* The broader technology index advanced 2.5%,

while the materials group added 5.6%, marking its

second straight day of sharp gains. The price of gold was

up 4.2% to trade at its highest level in nearly seven weeks.

* Consumer discretionary rose 1.3% and heavily

weighted financials ended 0.4% higher.

* iA Financial ( IAFNF ) shares gained 2.8% after the

provider of insurance products and wealth management services

topped quarterly core earnings estimates.

* Four of the 10 major sectors ended lower, including energy

, which fell 3%. The price of oil settled 0.7%

lower at $75.22 a barrel on revived expectations of a

de-escalation in Iran war hostilities that could restore

shipping traffic in the Strait of Hormuz.

* Suncor Energy ( SU ) beat second-quarter adjusted profit

estimates as higher crude price realizations and stronger

refining margins offset weaker upstream production. Still, its

shares ended 2.9% lower.

* Thomson Reuters ( TMSOF ) lifted its full-year revenue

forecast, with CEO Steve Hasker saying that the company's focus

was on investing and developing AI across its portfolio. Its

shares were down 10.2%, pulling back from an earlier six-month

high.