• TSX ends up 0.6% at 24,224.90
• Eclipses Friday's record closing high
• Technology climbs 1.7%
• All ten major sectors notch gains

Oct 9 (Reuters) - Canada's main stock index rose to a record high on Wednesday, led by gains for technology and consumer discretionary stocks, as investors grew optimistic that U.S. inflation data could support additional interest rate cuts by the Federal Reserve.

The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) , opens new tab ended up 152.39, or 0.6%, at 24,224.90, moving past the record closing high it posted on Friday.

U.S. consumer price index data, due on Thursday, is expected to show inflation cooling to 2.3% in September.

"I think people are sort of cautiously optimistic that the inflation number may come in at a benign level, continuing on the trend of (policy) easing," said Brian Madden, chief investment officer at First Avenue Investment Counsel.

Minutes from the Fed's September meeting showed a "substantial majority" of officials supported an outsized half-percentage-point interest rate cut.

The Toronto market's technology sector climbed 1.7%, helped by a gain of 4.7% for the shares of electronic equipment company Celestica Inc (CLS.TO) , opens new tab after TD Cowen raised its target price on the stock.

Consumer discretionary added 1% and industrials ended 0.9% higher. All ten major sectors notched gains.

Among the biggest gainers was Bird Construction Inc (BDT.TO) , opens new tab, which jumped 11.9% after the company announced a dividend increase and released financial targets.

In contrast, shares of Alimentation Couche-Tard (ATD.TO) , opens new tab fell 0.8% after the convenience store operator made a revised bid for Japan's Seven & i Holdings (3382.T) , opens new tab.

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https://www.reuters.com/world/americas/tsx-futures-edge-down-ahead-fed-minutes-2024-10-09/