Toronto stocks ended the week on a strong note on Friday, lifted by energy and materials shares.
The S&P/TSX composite index closed up 116.90 points, or 0.86%, at 13,668.19 with six of its 10 main groups higher.
The benchmark was up 3.3% for the week.
The resource-laden materials sector rose 2.6%.
Potash Corp of Saskatchewan was among the biggest gainers. Shares of Potash jumped $3.90, or 2.3%, to $172.57, while Agrium was up $3.26, or 4.9%, at $70.01.
Inmet Mining added $3.10, or 3.7%, to $87.00, and Teck Cominco was up $1.51, or 3.5%, at $45.30. Teck confirmed late on Thursday that it had agreed to contract terms for zinc treatment charges with smelter Korea Zinc.
Energy gained 1.9%, while the price of crude advanced as the U.S. dollar fell following weak U.S. jobs data.
Crude oil for May delivery ended up US$2.40 at US$106.23 a barrel on the New York Mercantile Exchange.
Suncor Energy rose $2.94, or 2.9%, to $102.99, and Canadian Natural Resources was up $1.98, or 2.8%, at $72.38.
Among individual stocks, shares of Draxis Health added $1.00, or 20.2%, to $5.94 after India’s Jubilant Organosys said it would buy the Canadian company for about $255 million.
The junior S&P/TSX Venture composite index gained 23.52 points, or 0.94%, to finish at 2,532.55.
The Canadian dollar slipped almost half a cent to US99.08¢.
In New York, U.S. stocks ended little changed on as the biggest monthly decline in the job market in five years overshadowed earlier optimism that the credit crisis was easing.
The Dow Jones industrial average dipped 16.61 points, or 0.13%, to 12,609.42. The S&P 500 was up 1.09 points, or 0.08%, at 1,370.40. The Nasdaq composite index added 7.68 points, or 0.32%, to 2,370.98.
For the week, the Dow up 3.2%; the S&P 500 up 4.2%; and the Nasdaq up 4.9%.
Shares of Yahoo Inc fell 5.1% after the close on Friday after a source said Microsoft Corp is evaluating its Yahoo offer in light of worsening market conditions, and that it believes the value may be less than when it initially made its bid.