Toronto stocks ended higher for a fourth straight session on Monday as shares of oil and gas companies got a boost from oil prices.
The S&P/TSX composite index gained up 39.01 points, or 0.3%, to finish at 14,176.42, a record closing high.
Overall, six of the 10 TSX 10 main groups were higher, led by a 0.7% jump in both the energy sector and the resource-laden materials sector.
Shares of oil and gas companies rose amid a jump in U.S. crude prices, which rose $1.09 to $69.09 a barrel amid supply concerns.
Suncor Energy rose $1.04, or 1.1%, to $98.71, while EnCana climbed 31¢, or 0.4%, to $70.52.
Materials stocks rose on the back of firm base metal prices. First Quantum Minerals was up $2.41, or 2.5%, at $99.37.
Agrium jumped 13¢, or 0.3%, to $45.33 as the fertilizer producer said it expects second-quarter earnings to be at or slightly above the upper end of its forecast of $1.45 to $1.55 a share.
The Times of London said BHP Billiton is reviving plans to make a US$40 billion offer for Alcoa, which has been trying to acquire Canadian rival Alcan. Alcan shares gained 81¢ to $89.50 while Alcoa ran ahead 35¢ to US$41.95 in New York.
The junior S&P/TSX Venture composite index gained 23.31 points, or 0.73%, to close at 3,226.18.
The Canadian dollar fell 0.29 of a cent to US93.32
.
In New York, U.S. stocks slipped as rising oil prices took their toll on energy-dependent sectors.
The Dow Jones industrial average was down 23.81 points, or 0.17%, at 13,615.67. The S&P 500 ndex was down 1.78 points, or 0.12%, at 1,531.13. The Nasdaq composite index was down 0.11 point at 2,626.60.