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CANADA STOCKS-TSX hits another record high as festive rally builds

Dec 27 (Reuters) - Canada's main stock index rose to another record high on Friday as investors cheered upbeat economic data from China and optimism over an initial U.S.-China trade deal.

* At 9:30 a.m. ET (1430 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 40.3 points, or 0.23%, at 17,220.45. (Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Amy Caren Daniel)