Toronto stocks closed at a record high Friday, powered forward by commodities and the information technology group.

The S&P/TSX composite index gained 93.23 points, or 0.78%, to 12,111.14, breaking the old record of 12,085.65 set March 16.

For the week, the benchmark index gained 0.9%.

Seven of the 10 TSX main sub-groups were up, with the energy sector gaining 1.18%.

Crude oil for May delivery rose 35¢ to US$64.26 a barrel on the New York Mercantile Exchange.

Suncor Energy lifted 54¢, or 0.61%, to $88.50.

The materials group was up 1.69%. The benchmark April contract for gold rose $9.70 at US$560.50 an ounce on the Nymex.

Kinross Gold moved up 51¢, or 4.52%, to $11.80.

Coffee chain Tim Horton’s debuted on the TSX today, in one of the most anticipated IPOs in recent memory, closing at $33.10. The initial offering price was $27 on Thursday, but the stock opened today at $36.21 due to demand.

The Canadian dollar finished down 0.24 of a cent at US85.58¢.

The S&P/TSX Venture Exchange index finished ahead 38.57, or 1.43%, to 2,739.56.

In New York, markets headed higher, but remained cautious ahead of next week’s Federal Reserve meeting on interest rates.

The Dow Jones industrial average rose 9.68 points to 11,279.97, the Nasdaq composite index was up 12.67 points at 2,312.82, the S&P 500 rose 1.28 points at 1,302.95.

On the week, the Dow Jones industrials ended flat, the Nasdaq gained 0.3% and the S&P lost 0.3%.