Toronto stocks rallied Thursday, buoyed once again by resource sectors, allowing the market to shake off yesterday’s retreat.

The S&P/TSX composite index ended up 138.48, or 1.20%, to 11,692.97, after falling 135.12 points in the previous session

Volume on the senior exchange was 313 million shares.

Seven of the 10 TSX main groups ended up, with the energy sector soaring 2.57% higher.

A barrel of light crude settled at US$66.83, a gain of $1.10, in trading on the New York Mercantile Exchange.

EnCana Corp. gained $1.25, or 2.30%, to $55.69.

The materials sector surged 2.35%.

The spot price for gold rose $14.70 to US$558.40.

Bema Gold Corp. lifted 12¢, or 2.94%, to $4.20. Barrick Gold added $1.25, or 3.67%, to $35.35.

The information technology sector also enjoyed a strong session, gaining 1.64%.

ATI Technologies advanced 79¢, or 4.18%, to $19.69.

The financials sector was off 0.37%. Power Financial Corp. fell 38¢, or 1.15%, to $2.78.

The Canadian dollar closed up 0.49 of a cent at US85.91¢.

The S&P/TSX Venture composite index finished up 45.08, or 1.90%, to 2,421.18.

In New York, markets rallied on a strong first-quarter outlook from AMD Inc. and upgrades of oil services stocks.

The Dow Jones industrial average added 25.85 points, or 0.24%, to 10,880.71. The S&P 500 rose 7.11, or 0.56%, to 1,285.04, and the tech-heavy Nasdaq composite index gained 22.17 points, or 0.97%, to 2,301.81.