Toronto and New York stock prices ended a solid week on an upbeat note, with the U.S. market looking for rate cuts and Canadians getting a boost from bank and metals shares.

The S&P/TSX composite index closed up 25.23 points at 13,689.12, while the Dow Jones industrial average added 60 points to close at 13,371.72.

Over the full week, the TSX rose 1.6%, the DJIA climbed 3%, the S&P 500 gained 2.8% and the Nasdaq advanced 2.5%.

In Toronto, the financial index today rose 1.2% even though Royal Bank shares fell 67¢ to $53 after the bank said its latest quarterly earnings were up just 5% from a year earlier. The base metals stocks rose 2.8% on the day.

The TSX Venture Exchange tacked on five points to end at 2,736.98.

The Canadian dollar closed at exact parity with the U.S. dollar, losing 0.28¢ on news that growth in real GDP declined to 0.7% in the third quarter from 0.9% three months earlier.

Investors in both countries are expecting a cut in interest rates. TD Bank today said domestic rates could be reduced as early as next week.