(Adds investor quotes and details throughout, updates prices)
* TSX ends down 11.26 points, or 0.05%, at 22,075.96
* Technology sector falls 2.3%
* Energy gains 0.6% as oil rallies
* Materials adds 1.5%
TORONTO, March 30 (Reuters) - Canada's main stock index
edged lower on Wednesday, but holding near a record high as
gains for the energy and materials sectors offset a decline in
technology stocks after doubts emerged around progress in
Russia-Ukraine peace talks.
The Toronto Stock Exchange's S&P/TSX composite index
ended down 11.26 points, or 0.05%, at 22,075.96, after
posting on Tuesday a record closing high.
U.S. stocks had a steeper decline as Russian forces
bombarded the outskirts of Kyiv and a besieged city in northern
Ukraine a day after saying it would scale down operations there
in what the West dismissed as a ploy to regroup by invaders
suffering heavy losses.
"As we head into the end of the quarter, I think this is a
win for the TSX," said Greg Taylor, portfolio manager at
"So far what we have seen is a good bounce back in energy
stocks and materials which had been responding quite well to
some downward pressure in commodities in the last few days and I
think this bodes well for the remainder of the year."
The TSX has been one of the few major global benchmarks to
gain ground in 2022, advancing 4%. It has been helped by a 27%
weighting in resource shares.
The energy group rose 0.6% as the price of oil settled 3.4%
higher at $107.82 a barrel, while the materials group, which
includes precious and base metals miners and fertilizer
companies, added 1.5%. Gold was up 0.7% at about $1,933
Shares of Dollarama Inc gained 3.6% after the
discount retailer said it would roll out additional price points
up to C$5 this year to shield its margins from heightened
But the technology sector gave back much of the previous
day's advance, falling 2.3%. Heavily-weighted financials ended
(Reporting by Fergal Smith; Additional reporting by Amal S in
Editing by Alistair Bell)