Updates at market close

By Fergal Smith

TORONTO, Jan 15 (Reuters) - Canada's main stock index rose to another record high on Thursday, with industrial and financial shares among the leading gainers rather than metal mining stocks which had dominated the market's rally since the start of the year.

The S&P/TSX Composite Index .GSPTSE ended up 112.45 points, or 0.34%, at 33,028.92, moving past Wednesday's record closing high.

U.S. stocks also rose as Morgan Stanley and Goldman Sachs shares shot up following upbeat quarterly results, while technology .SPTTTK shares climbed after chipmaker TSMC's blockbuster results.

"There's broader participation in today's move," said Bipan Rai, head of ETF and alternatives strategy at BMO Global Asset Management. "Certainly, you combine that with the outlook for metals ... it does feel like this year should be constructive for the TSX."

Record highs for the price of gold XAU= and silver XAG= on geopolitical uncertainty have helped underpin the materials sector .GSPTTMT in January. The sector has added 14.1% this month after nearly doubling in 2025.

One of Canada's principal trading partners for minerals is China. Prime Minister Mark Carney hailed Canada's improving ties with the country as well as the leadership of President Xi Jinping, declaring their nations were charting a new course in cooperation at a time of global division and disorder.

"Part and parcel of the strategy from the prime minister's office is to figure out ways to diversify Canada's trade relationships more globally," Rai said.

Among the standouts on Thursday was the industrials sector .GSPTTIN. It posted a gain of 1.42%, led by a 7.17% jump in the shares of Bombardier Inc BBDb.TO after the business aircraft manufacturer announced a new $100 million manufacturing center in Dorval, Montreal.

Real estate rose 0.75% and heavily weighted financials .SPTTFS ended 0.55% higher.

The energy sector was a drag, falling 0.93%. The price of oil CLc1 settled 4.56% lower at $59.19 a barrel as concerns eased over potential U.S. military action against Iran and oil supply disruptions.

(Reporting by Fergal Smith and Utkarsh Tushar Hathi; Editing by Jonathan Ananda and Deepa Babington)

((fergal.smith@thomsonreuters.com; +1 647 480 7446))