Toronto stocks were up Monday, fuelled primarily by resource stocks and the technology sector.
The S&P/TSX composite index finished up 64.67, or 0.62%, to finish 10,553.44.
Volume on the senior exchange was 287 million shares.
Six of the 10 TSX main sub-groups were up, with energy lifting 1.70%
A barrel of light crude climbed $1.73 to settle at US$64.36 on the New York Mercantile Exchange, partly on new fears that Tropical Storm Wilma, currently carving a path toward the Gulf of Mexico, could hit oil and gas production in the area.
EnCana Corp. closed up $1.41, or 2.42%, to $59.96, while Suncor gained $2.55, or 5.01%, to $53.45.
The gold sector gained 1.80% after the gold contract at US$476.60 an ounce, up $4.80.
Bema Gold Corp. finished up 2¢, or 0.71%, to $2.85.
The information technology sector advanced 1.67%
Nortel Networks announced that Bill Owens will step down as president and CEO to be replaced by Mike Zafirovski, who had been with Motorola Inc. until leaving in January. Shares in the company jumped 21¢, or 5.40%, to $4.10.
Research in Motion climbed $1.02, or 1.3%, to $76.93 on news it had signed a deal with Palm Inc. to offer RIM’s BlackBerry wireless e-mail service over Palm’s Treo 650 smartphone.
The junior S&P/TSX Venture composite index finished up 5.25, or 0.26%, to 2,063.15.
In New York, markets were up as tobacco company Altria Group Inc. received a favourable court ruling that could see it save billions and as General Motors announced a deal with its union to cut health-care costs.
The Dow Jones industrial average gained 60.76 points, or 0.59%, to 10,348.10, the S&P 500 index rose 3.53, or 0.30%, to 1,190.10 and the Nasdaq composite index added 5.47, or 0.26%, to 2,070.30.