Weak Canadian manufacturing sales numbers caused a mid-day slump, but Toronto stocks rallied Friday afternoon.

The S&P/TSX composite index closed up 18.73 points, or 0.14%, ending the session at 13,226.76.

For the week, the benchmark index advanced 1.8%.

Five of the 10 main TSX groups gained ground on Friday.

The materials group rose 1%. Silver Wheaton Corp. shares gained 15¢, or 0.99%, to finish at $15.35.

The gold sub-index rose 1.25%, as Gold for April delivery dropped US$4.70 to end at US$906.10 an ounce on the Nymex.

Yamana Gold Inc. shares gained 33¢, or 2.20%, to close at $15.35.

The heavyweight energy group fell 0.06%, even as crude oil for March delivery added 4¢ to US$95.50 a barrel on the Nymex.

Western Canadian Coal Corp. shares gained 32¢, or 17.30%, to end at $2.17, after the company reported a Q3 loss of $21.3 million on revenue of $55.1 million.

The financials group slipped 0.23%.

CIBC shares fell 93¢, or 1.38%, to close out at $66.32. Bank of Montreal stock lost 22¢, or 0.41%, to end at $53.83. Royal Bank of Canada shares fell
23¢, or 0.46%, to close at $49.82. Bank of Nova Scotia shares fell 55¢, or 1.15%, to close at $47.38.

Swiss bank UBS said today that global banks may have to write down another US$203 billion largely because of troubles with U.S. bond insurers.

In individual stocks, share in Telus Corp. fell 43¢, or 1.02%, to close at $41.55, after it announced Q4 profits rose 66%, to $400.1 million.

BCE Inc. stock dropped 59¢, or 1.65%, to end at $35.21.

The junior S&P/TSX Venture composite index moved up 11.98 points, or 0.47%, and closed at 2,584.99.

The Canadian dollar closed out at US$99.26, down 0.72 of a cent from Thursday’s close.

In New York, Best Buy’s lowering of expectations for January coupled with weak manufacturing data spread fear among investors and pushed markets down.

The Dow Jones industrial average dropped 28.77 points, or 0.23%, to end at 12,348.21.

The S&P 500 made rallied late afternoon, closing up 1.13 points, or 0.08%, at 1,349.99.

The tech-heavy Nasdaq composite index fell 10.74 points, or 0.46%, to 2,321.80.

For the week, the S&P 500 and the Dow both added 1.4%. The Nasdaq climbed 0.7%.

On Monday, the Toronto Stock Exchange will close for Ontario’s first Family Day, while U.S. markets will be closed for Presidents’ Day.