(Adds strategist quotes)
By Fergal Smith
Sept 30 (Reuters) - Canada's main stock index wrapped up
its strongest quarter in four years on Monday, as it ended
higher with gains for energy and technology shares offsetting
declines for metal miners.
The Toronto Stock Exchange's S&P/TSX composite index
ended up 43.55 points, or 0.2%, at 24,000.37, after a
late rally took it into positive territory. It stopped just
short of the record closing high it notched on Thursday.
For September, the index rose 2.8%, while it was up 9.7% in
the third quarter, as the Bank of Canada cut interest rates
three times since June and after the Federal Reserve began its
own easing campaign this month.
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.
"Canadian stocks responded positively to the three Bank
of Canada rate cuts we've seen," said Colin Cieszynski, chief
market strategist at SIA Wealth Management.
"That's helped to boost the interest rate sensitive
sectors ... On top of that, we've had this run in the gold price
which has helped boost the gold stocks as well."
The TSX's technology sector rose 1.1% on Monday, 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 25.8%.