Sept 19 Reuters Canada39;s main stock index climbed to a record high on Thursday, boosted by technology stocks, as investors cheered an outsized interestrate cut by the U.S. Federal Reserve.

The Toronto Stock Exchange39;s SPTSX composite index was up 210.38 points, or 0.89, at 23,802.98.

Investors world over reacted positively to the U.S. central bank39;s 50basispoint rate cut after keeping policy rates at an over twodecade high for over a year.

Policymakers also projected another reduction of halfapercentage point by the end of this year. Analysts believe the policy easing could help the U.S. economy achieve a soft landing scenario.

The rate cut is indicative of the Fed lending support to the economy in the hopes of engineering a soft landing and investors are buying that narrative and are bidding up stocks, said Brian Madden, chief investment officer at First Avenue Investment Counsel.

Investors also assessed U.S. weekly jobless claims data, which dropped to a fourmonth low last week, pointing to solid job growth in September and continued economic expansion in the third quarter.

Ivanhoe Mines Ltd , Lundin Mining Corp and Hudbay Minerals Inc were up between 46 and were among the top gainers on the composite index. The TSX is up 13.3 this year.

At least eight sectors on the index logged gains, with four sectors rising over 1.

Canada39;s information technology sector was the biggest gainer among sectoral indexes with a 2.4 jump, supported by 5.2 surge in Bitfarms….