(Market Close Updates) * TSX ends up 0.8% at 31,490.85 * Eclipses last Thursday’s record close * BoC leaves policy rate on hold at 2.25% * Financials add 1.1%, tech rises 1.6% By Fergal Smith TORONTO, Dec 10 Gains for financials and tech stocks, after policy decisions by the Bank of Canada and the Federal Reserve meet expectations have. The S&P/TSX Composite ended up 246.48 points, or 0.8%, at 31,490.85, eclipsing the record closing high it set last Thursday. The S&P 500 also rose after the Federal Reserve cut US interest rates by a quarter of a percentage point and indicated it was likely to pause further cuts in borrowing costs in line with expectations. The Bank of Canada kept its benchmark interest rate steady at 2.25% as widely expected. Governor Tiff Macklem said the economy appears to be generally resilient to the effects of US trade measures. “Overall, this is a positive response for the Canadian stock market,” said Michael Dehal, a senior portfolio manager at Dehal Investment Partners at Raymond James. “If they (the BoC) leave rates the same, it will certainly produce a better market for next year because you will have more clarity.” Expectations that the BoC would start raising interest rates in 2026 were scaled back after the rate decision. They climbed following stronger-than-expected jobs data on Friday. Financials-heavy added 1.1%, with Toronto-Dominion Bank shares up nearly 2%. Shares of e-commerce company Shopify Inc rose 4.8%, helping lift the tech sector to a 1.6% gain. The materials group, which includes metal mining stocks, rose 1.1% as gold copper prices moved higher. Just two of 10 major sectors ended lower, with consumer goods losing 0.4% and utilities down 0.6%. (Reporting by Fergal Smith in Toronto and Avinash P and Twesha Dikshit in Bengaluru; Editing by Vijay Kishore and David Gregorio)