* TSX ends up 0.15% at 19,921.31
* Tech rallies 2.7%; Shopify ends 6.2% higher
* Energy falls 2.3%; oil settles 4.4% lower
June 12 (Reuters) - Canada's main stock index rose on Monday, led by gains for the technology sector ahead of a Federal Reserve interest rate decision this week, but the market's advance was kept in check by a drop in energy shares.
The Toronto Stock Exchange's S&P/TSX composite index ended up 29.25 points, or 0.15%, at 19,921.31.
Wall Street notched larger gains as investors bet that the Fed will pause its interest rate hiking campaign at the end of its two-day meeting on Wednesday.
The Toronto market's technology sector was up 2.7%, helped by a gain of 6.2% for e-commerce company Shopify Inc.
Another major mover was Ballard Power Systems Inc. Its shares rallied 14.8% after the renewable energy equipment company announced a plan to scale production and reduce costs of next generation bipolar plates.
In contrast, energy was down 2.3% as the price of oil settled 4.4% lower at $67.12 a barrel.
"Investors are concerned about the global economy and global demand for resources in general and energy in particular," said Colin Cieszynski, chief market strategist at SIA Wealth Management.
"The Fed may or not pause. A lot of the other big central banks are still raising interest rates, still trying to get inflation under control and still trying to control their economies."
Despite the fastest monetary tightening cycle in the country's history, Canada's economy is still running hot, which forced the central bank to crank its key interest rate even higher to a 22-year high of 4.75% last week. (Reporting by Fergal Smith in Toronto and Ankika Biswas in Bengaluru; Editing by Shilpi Majumdar and Alistair Bell)
