Toronto stocks rallied Friday, posting triple-digit gains for the second-straight session, on the continued strength of the energy and materials groups.

The S&P/TSX composite index lifted 109.75 points, or 0.96%, to 11,762.75. The market gained 229.09 points in yesterday’s session, and is up 216.98 points, or 1.9%, for the week.

Nine of the 10 TSX main sub-groups were up, with the materials index up 1.82%.

Golden Star Resources Inc. lost 3¢, or 0.91%, to $3.27.

The energy sector was up 1.51% as light, sweet crude for July delivery moved up 5¢ to US$71.37.

Imperial Oil gained $1.19 to $41.69.

The financials sector was up 0.18%.

Royal Bank reported its second-quarter profit jumped 23 per cent to $1.12 billion. Its shares lifted 50¢ higher to $46.95.

The Canadian dollar edged down 0.05 of a cent to $90.31¢.

The S&P/TSX Venture composite index moved up 33.91, or 1.21%, to 2,840.19.

In New York, markets were higher going into the three-day Memorial Day holiday weekend on investor hopes that inflation was well in check.

The Dow Jones Industrial Average rose 67.56 points, or 0.6%, to 11,278.61.The Nasdaq Composite Index climbed 12.13 points, or 0.6%, to 2,210.37, and the S&P 500 Index added 7.28 points, or almost 0.6%, to 1,280.16.

For the week the Nasdaq gained 0.8%, the Dow rose 1.2% and the S&P 500 advanced 1%.