Toronto stocks ended slightly higher Friday, closing out a week of losses, as gains in financials helped buoy a market hit hard by falling commodity prices.

The S&P/TSX composite index moved up 7.30, or 0.06%, to 11,656.04. The market was down 1.8% for the week.

Seven of the 10 TSX main sub-groups were up, but the energy sector fell 0.86%.

Light, sweet crude closed up 11¢ at US$63.33 a barrel, after spending much of the session in negative territory.

EnCana Corp. gave up $1.44, or 2.76%, to $50.68.

The gold sub-sector bounced back 0.59% despite falling bullion prices.

The December gold contract finished down $3 at US$583 an ounce.

Barrick Gold Corp. gained 96¢, or 3.02%, to $32.74.

Financials moved up 0.63%.

Bank of Montreal gained 39¢, or 0.59%, to $67.02.

The Canadian dollar closed at US89.36 cents, down 0.10 of a cent.

The S&P/TSX Venture composite index lost 3.98, or 0.15%, to 2,566.24.

In New York, markets closed higher as investors set aside news of job cuts from Ford to focus on economic news that suggested inflation is in check.

The Dow Jones industrial average closed up 33.38 points at 11,560.77, the S&P 500 gained 3.59 points to 1,319.87, and the Nasdaq Composite added 6.86 points to close at 2,235.59.

For the week, the Dow climbed 1.4%, the S&P 500 rose 1.6%, and the Nasdaq surged 3.2%.

In corporate news, Ford said it would cut its work force by about 10,000 jobs and suspend the payment of its quarterly dividend.

In economic news, the U.S. Labor Department reported that the consumer price index rose 0.2% in August, after a 0.4% gain the previous month.