Toronto stocks finished higher Monday after a rollercoaster session.

The S&P/TSX composite index jumped 99.45 points, or 0.68%, to close at 14,814.18, as seven to the 10 TSX main groups posted gains.

Advances in heavyweight resource shares helped the benchmark largely ignore renewed worries over the global impact of the credit crunch.

The energy sector rose 1.8%, as crude-oil futures marked a second session of gains. Crude oil for July delivery closed 41¢ higher at US$127.76 a barrel on the New York Mercantile Exchange, recovering from an earlier low of $125.30.

Imperial Oil jumped $1.85, or 3.2%, to $59.60, and Petro-Canada climbed rose $1.08, or 1.9%, to $58.41.

Gold for August delivery finished the day at US$897 an ounce on the Nymex, up US$5.50, help pushing the TSX materials group up 1.4%.

Goldcorp shares rose 76¢, or 1.9%, to $40.73.

The financials group was down 0.3% as Toronto-Dominion Bank slid 94¢, or 1.3%, to $70.95, and Bank of Montreal shed 27¢, or 0.6%, to $48.50.

The Supreme Court of Canada has decided it will hear an appeal of last month’s court decision that blocked the $51.7 billion takeover of BCE.

In a brief ruling handed down after the markets closed, the high court said it would hear arguments June 17.

BCE shares dropped 40¢, or 1.14%, to close at $34.65.

The junior S&P/TSX Venture composite index slipped 5.11 points, or 0.19%, to end at 2,651.89.

The Canadian dollar closed at US100.12¢, up from Friday’s close of US99.3¢.

In New York, U.S. stocks slid on renewed fears the credit crunch has yet to run its course after Standard & Poor’s downgraded debt ratings of three big securities companies and Wachovia, the fourth-largest U.S. bank, ousted its chief executive.

The Dow Jones industrial average fell 134.50 points, or 1.06%, to 12,503.82. The S&P 500 slid 14.71 points, or 1.05%, to 1,385. 67. The tech-heavy Nasdaq composite index dropped 31.13 points, or 1.23%, end at 2,491.53.