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TSX pares weekly decline as tech shares rally

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Core Development: TSX pares weekly decline as tech shares rally
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Market & Financial Impact: CANADA-STOCKS/ (UPDATE 2):CANADA STOCKS-TSX pares weekly decline as tech shares rally
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Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

Sep 11 (Reuters) - Canada's main stock index clawed back some of its weekly decline on Friday, led by gains for technology shares, as a pullback in oil prices and the prospect of tighter U.S. monetary policy eased some concerns about the inflation outlook.

The S&P/TSX Composite Index ended up 191.21 points, or 0.5%, at 35,697.49, after hitting its lowest closing level in nearly six weeks on Thursday.

* For the week, the index was down 2.2%, its fourth straight weekly decline and the steepest since March.

* Wall Street also rallied on Friday as oil prices retreated and strong consumer price data reinforced expectations the Federal Reserve will raise interest rates next week to fight inflation.

* "Equities enjoyed a small relief rally," Douglas Porter, chief economist at BMO Capital Markets, said in a note.

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Official Publisher Attribution: This report is aggregated from LiveMint. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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