The Globe and Mail reports in its Friday edition that Wall Street's main indexes closed lower on Thursday after Federal Reserve chair Jerome Powell dampened investor hopes for another interest-rate cut this year by saying the U.S. central bank need not rush to ease monetary policy. A Reuters dispatch to The Globe says the Toronto stock market ended higher, however, thanks to rallying energy shares. Mr. Powell said at a Dallas Fed event that with the economy still growing, the job market strong and inflation still above the 2-per-cent target, the Fed can deliberate carefully on rate cuts. While traders were still betting on a 25-basis-point reduction at the Fed's December meeting, the probability fell to 62 per cent from 76 per cent earlier in the afternoon and from 82.5 per cent on Wednesday. The S&P/TSX Composite Index ended up 60.65 points at 25,049.67, eclipsing the record closing high it posted on Wednesday. The Toronto Stock Exchange's energy sector rose 2.4 per cent as the price of oil settled 0.4 per cent higher at $68.70 (U.S.) a barrel. Shares of Paramount Resources jumped 15.3 per cent after the company agreed to a $2.38-billion (U.S.) all-cash deal to sell oil assets to shale producer Ovintiv.