Toronto stocks ended higher Friday, as a rebound in the price of oil boosted energy stocks and lifted the market overall.

The S&P/TSX composite index moved up 51.98 points, or 0.40%, to 12,979.26.

For the week, the benchmark index finished 2% higher.

Six of the 10 TSX main sub-groups were up, with the energy sector up 0.84%.

Light, sweet crude gained $1.19 to close at US$55.42 a barrel.

Petro-Canada gained 46¢, or 1.04%, to $44.83.

The materials index gained 0.69%, while the gold group gained 0.05%, despite a drop in the price of bullion.

Gold futures fell $3.40 at US$644.70 an ounce.

Kinross Gold Corp. gained 15¢, or 0.99%, to $15.35.

The Canadian dollar rose 0.18 cent to US84.75¢.

The S&P/TSX Venture composite index gained 32.15 points, or 1.12%, to 2,902.00.

In New York, markets were mixed, ending a bearish week, as investors awaited the U.S. Federal Reserve’s interest rate announcement next week.


The Dow Jones industrial average fell 15.54 points, or 0.12%, to 12,487.02, and the S&P 500 was off 1.72, or 0.12%, to 1,422.18.

The Nasdaq composite index inched ahead 1.25 points, or 0.05%, to 2,435.49,

Each of the three indexes lost 0.60% for the week.