Toronto’s main stock index posted a triple-digit gain for a second straight session on Friday, as the resource-heavy market got a boost from stronger commodities prices.

The S&P/TSX composite index closed ahead 110.43 points, or 1.03% to 10,787.15.

For the month, the index climbed 4%, its fifth straight monthly advance.

Gold stocks led the gains, up 3.6%, as bullion for December rose $18.50 to close at US$955.80 on the Nymex.

Goldcorp rose 3.78% to $40.93.

Energy stocks were ahead 1% as the September crude delivery moved ahead $2.51 to US$69.45 a barrel on the New York Mercantile Exchange.

EnCana jumped 1.99% to close at $57.78,

The TSX financial sector rose 0.9% with TD Bank up 1.5% to $63.11.

The junior S&P/TSX Venture composite index jumped 32.53 points, or 2.84% to 1,179.57.

The TSX will be closed on Monday in observance of a civic holiday.

The Canadian dollar edged up 0.58 of a cent to close at US92.81¢, even though Statistics Canada said that GDP fell 0.5% in May.

In New York, the Dow Jones industrials were ahead 17.15 points, or 0.19%, to 9,171.61, closing out its best month of gains since 2002.

The Nasdaq composite slid 5.80 points, or 0.29%, to 1,978.50 while the S&P 500 index shifted up 0.73 of a point, or 0.07%, to 987.48.

A U.S. Commerce Department report said the economy slowed at a rate of 1% during the quarter, better than the 1.5% decline expected by analysts.

For the month, the Dow was up 8.6%, its best gain for July since 1989. The S&P was up 7.4% and the Nasdaq was up 7.8%.

For the week, the Dow was up 0.9%, the S&P was up 0.8% and the Nasdaq was up 0.6%.

IE