The Toronto stock market started the fourth quarter with a 100-point gain on Monday, thanks to strength in resource and financial issues.

The S&P/TSX composite index closed up 101.69 points, or 0.7%, at 14,200.58.

Eight of the 10 TSX main groups were up, led by materials group, which climbed 1.9%.

The gold subsector also gave a boost, rising 1.4%, as the price of bullion hit a 28-year high. Barrick Gold was up 91¢, or 2.3%, at $40.86.

Spot gold soared to US$747.65 an ounce, pulled higher by a boost in U.S. stocks.

The financial sector moved ahead 0.87% as Bank of Nova Scotia climbed 59 to $52.84.

Shares in Royal Bank were 88¢ higher to $55.93 after the Trinidad and Tobago Express reported the bank may be preparing to reacquire control of RBTT, Trinidad’s largest bank, in a more than US$2 billion cash and stock deal.

The energy sector was a Toronto weak spot, rising just 0.05%, as the price of crude retreated. U.S. crude fell $1.42 to US$80.24 a barrel.

Suncor Energy fell $1.23, or 1.3%, to $93.23.

The Canadian dollar rose 0.35 of a cent to US$1.0087, after rising two-thirds of a cent Friday.

The rise came as the Bank of Canada intervened in financial markets for a third straight session, buying $890 million worth of securities to inject liquidity into markets and keep its interest rates down amid the global credit crunch.

The central bank injected almost $2 billion for similar purposes last week.

The junior S&P/TSX Venture composite index fell 10.90 points, or 0.38%, to 2,872.66.

In New York, stocks rallied strongly, sending the Dow to a record close, despite a warning from banking giant Citigroup that its third-quarter profit would fall by 60%.

Investors took comfort after Citigroup CEO, Charles Prince, said the bank would “return to a normal earnings environment in the fourth quarter.”

The Dow Jones industrial average finished up 191.92 points, or 1.38%, at 14,087.55. During the session, it surged to an all-time high of 14,115.51. Monday’s close marks the Dow’s 33rd record finish in 2007.

The S&P 500 gained 20.28 points, or 1.33%, to end at 1,547.03. The Nasdaq Composite Index closed up 39.49 points, or 1.46%, at 2,740.99.

In economic news, the U.S. manufacturing sector expanded at a slower-than-expected rate in September, suggesting there’s room for the Federal Reserve to consider another rate cut later this month.