* TSX ends up 0.1% at 20,015.09
* Posts its highest closing level since June 6
* Technology rises 1.1%; Shopify adds 3.4%
* Energy falls 1.3%; oil settles 1.7% lower
June 14 (Reuters) - Canada's main stock index edged higher on Wednesday as gains for technology shares offset a decline in the energy sector, while investors assessed the Federal Reserve's move to pause its interest rate hiking campaign.
The Toronto Stock Exchange's S&P/TSX composite index ended up 24.69 points, or 0.1%, at 20,015.09, its highest closing level since June 6.
Wall Street ended mixed as the Fed kept rates unchanged but signaled in new economic projections that borrowing costs will likely rise by another half of a percentage point by the end of this year.
"The Fed statement and projections were very hawkish but (Fed Chair Jerome) Powell's presser was a bit optimistic regarding their inflation fight and non-committal for a July rate hike," Edward Moya, a senior market analyst at OANDA, said in a note.
The Toronto market's technology sector rose 1.1%, helped by a gain of 3.4% for e-commerce company Shopify Inc.
But energy was a drag, falling 1.3%, as the price of oil settled 1.7% lower at $73.20 a barrel.
"The Fed is going to have to kill this economy to conquer inflation and that should keep crude prices heavy," Moya said.
Canadian media and telecom firm Bell is cutting 1,300 jobs, shuttering six radio stations and selling another three as revenues dry up at its legacy phone and news business, parent company BCE Inc said. The company's shares fell 0.8%.
Lundin Mining shares jumped 5.7% after UBS upgraded its rating on the stock to "buy" from "neutral." (Reporting by Fergal Smith in Toronto and Ankika Biswas in Bengaluru; Editing by Paul Simao and Alistair Bell)
