Downtown office buildings Toronto

North American stock markets started the week stronger with U.S. markets hitting all-time highs on positive sentiment that could bode well for the rest of the year.

The S&P/TSX composite index closed up 75.74 points to 16,669.81, its highest closing in more than a month, as energy stocks climbed.

In New York, the Dow Jones industrial average was up 114.75 points at 27,462.11. The S&P 500 index was up 11.36 points at 3,078.27, while the Nasdaq composite was up 46.80 points at 8,433.20.

The Canadian dollar traded for US76.06¢ compared with an average of US76.01¢ on Friday.

The December crude contract was up US34¢ at US$56.54 per barrel and the December natural gas contract was up US10.7¢ at US$2.82 per mmBTU.

The December gold contract was down US30¢ at US$1,511.10 an ounce and the December copper contract was up US1.8¢ at US$2.67 a pound.