Toronto stocks closed strongly higher Friday following a broad-based rally.

The S&P/TSX composite index rocketed ahead 189.08 points, or 1.41%, to end at 13,596.09.

For the week, the benchmark index was down 0.6%.

All but one of the 10 TSX main sectors finished higher Friday.

Health care was the only sector on the downside, dipping 0.4%.

The technology sector jumped 2.7%. Research In Motion shares soared $11.05, or 10.4%, to $117.57 after posting impressive third quarter results

An advance in gold prices helped nearly all of the index’s gold producers higher, while the materials group added 3.7%. Barrick Gold rose $1.22, or 3.3%, to $38.62.

Oil and gas shares climbed 1%, taking a cue from crude prices, which rose after a report showing a jump in personal spending in the United States calmed worries over the state of the U.S. economy.

Imperial Oil was up $1.64, or 3.1%, at $54.08.

The financials group managed a slight 0.1% gain. CIBC rose 84¢, or 1.2%, to $71.35.

But shares of Coventree slumped 28¢, or 29.2%, to 68¢ after the finance firm said its capital markets business “is no longer viable” due to the disruption in the asset-backed commercial paper market.

The junior S&P/TSX Venture composite index gained 63.29 points, or 2.41%, and 2,687.52.

The Canadian dollar finished the session at US100.74¢, up 0.73 of a cent.

In New York, U.S. stocks jumped as RIM’s strong results boosted technology shares while financials rose on a report that another U.S. brokerage may get a big foreign investment.

U.S. bank stocks surged after the Wall Street Journal reported Merrill Lynch & Co Inc. may get up to US$5 billion in a capital infusion from Singapore state investor Temasek Holdings.

The Dow Jones industrial average soared 205.01 points, or 1.55%, to 13,450.65. The S&P 500 leaped 24.34 points, or 1.67%, to 1,484.46. The tech-heavy Nasdaq composite index .IXIC climbed 51.13 points, or 1.94%, to 2,691.99.

For the week, the Dow rose 0.8%, the S&P 500 gained 1.2% and the Nasdaq surged 2.1%.