CANADA STOCKS-TSX rises as investors eye opportunities after tariff reprieve

Updates at market close

By Fergal Smith

Feb 4 (Reuters) - Canada's main stock index rose on Tuesday, led by energy and technology shares, as investors took advantage of a recent pullback in the market that was brought about by the threat of U.S. trade tariffs.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE ended up 37.59 points, or 0.2%, at 25,279.35. That followed two straight days of declines in volatile trading since the index notched a record closing high on Thursday.

U.S. President Donald Trump suspended his threat of steep tariffs on Mexico and Canada on Monday, agreeing to a 30-day pause. The reprieve for Canada came after the market's close on Monday.

"Canada is rebounding quite nicely today," said Kevin Headland, co-chief investment strategist at Manulife Investment Management.

"Many people were selling off in anticipation of the uncertainty that tariffs might bring and now investors are looking for some of the opportunities that the brief sell-off might have presented."

The energy group was up 1.1%, helped by a gain of 4.4% for the shares of Cenovus Energy CVE.TO. U.S. crude oil futures CLc1 settled down 0.6% at $72.70 a barrel but were well off their lows for the day.

Technology rose 1%, helped by a gain of 7.3% for the shares of Celestica Inc CLS.TO. Consumer staples ended 0.8% higher, with shares of dairy products producer Saputo Inc SAP.TO adding nearly 2%.

TMX Group Ltd X.TO was among the biggest advancers. Its shares rose 8.3% as the stock exchange operator reported fourth-quarter profit and revenue above estimates.

Despite the gains for TMX, heavily weighted financials fell 0.9%. Investors worry that lingering trade uncertainty could weigh on the domestic economy.