(Updates at market close)

* TSX ends up 0.5% at 35,369.10

* For the week, the index adds 0.3%

* Financials rise 0.8%, with Onex ( ONEXF ) up 3.1%

* Mullen Group ( MLLGF ) ends 7.2% higher

By Fergal Smith

TORONTO, July 24 (Reuters) - Canada's main stock index rose

on Friday as financial and industrial shares notched gains,

while investors assessed the economic impact of the latest U.S.

tariffs.

The S&P/TSX Composite index ended up 176.44

points, or 0.5%, at 35,369.10 but stopped short of the record

closing high it posted on Wednesday. For the week, the index was

up 0.3%.

* The United States imposed new tariffs of 10% and 12.5% on

goods from 60 trading partners, including the European Union and

China. On Monday, the U.S. unveiled 50% tariffs on a wide range

of imports from Canada, which are set to take effect on August

19.

* "For the most part, markets have long since become inured

to the trade wars and mostly shrugged off the latest tariff

news," Douglas Porter, chief economist at BMO Capital Markets,

said in a note. "However, the series of announcements and

threats served as a rather loud reminder that trade will act as

a drag on growth for some time yet, particularly so in Canada."

* Canada sends about 70% of its exports to the United

States, including oil.

* U.S. crude futures settled 3.1% lower at $89.31 a

barrel after sources said China had initiated a push to resume

stalled peace talks between the U.S. and Iran.

* Still, oil notched a hefty weekly gain, which has raised

the inflation outlook as well as expectations for Federal

Reserve interest rate hikes. The U.S. central bank is due to

make a policy decision on Wednesday.

* Heavily weighted financials rose 0.8%, with shares of

investment management company Onex ( ONEXF ) adding 3.1%.

* Industrials were up 0.6%, led by trucking firm

Mullen Group ( MLLGF ), which ended 7.2% higher.

* The interest-rate-sensitive real estate sector

advanced 1.7% as bond yields fell.

* Energy capped the TSX's gains, falling 0.8%.