Toronto stocks moved higher Friday, as a strong day in the resource sectors powered the market forward.

The S&P/TSX composite index closed up 98.02, or 0.75%, to 13,237.66.

For the week, the benchmark index gained 407.98 points or 3.2%.

Eight of the 10 TSX main sub-groups finished higher.

The energy index gained 1.19%.

Light, sweet crude rose 59¢ to close at US$62.68. The price of oil gained 4.5% this week.

EnCana Corp. gained 64¢, 1.12%, to $58.00.

The materials index was up 0.75%, while the gold sub-index gained 0.36%.

Goldcorp Inc. gained 73¢, or 2.59, to $28.90.

The April futures contract for gold fell $6.90 to finish at $657.30.

The Canadian dollar was down 0.19 of a cent to US86.15¢.

The junior S&P/TSX Venture composite index gained 31.02 points, or 0.99%, to 3,154.54.

In New York, markets moved modestly higher, despite rising oil prices, on positive sales reports from the housing sector.

The Dow Jones industrial average gained 19.87, or 0.16%, to 12,481.01, the Nasdaq lifted 4.44, or 0.18%, to 2,456.18, and the S&P500 edged ahead 1.57, or 0.11%, to 1,436.11.

The Dow finished the week up 3.1% and the Nasdaq gained 3.5%. The S&P also added 3.5%, its biggest rise since March 2003.