Toronto market notches largest quarterly gain in four years
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 .GSPTSE 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.TO. Energy was up 0.7% as the price of oil CLc1 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%.
Reporting by Fergal Smith in Toronto and Nikhil Sharma in Bengaluru; Editing by Leroy Leo and Jonathan Oatis
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