Toronto stocks rose Friday, setting a new record high, on strength in the energy sector and merger and acquisition activity in the materials sector.

The S&P/TSX composite index gained 82.89, or 0.61%, to 13,769.89, surpassing the previous record set in mid-April.

Nine of the 10 TSX main sub-groups were up.

The energy index gained 0.80%. Light, sweet crude for June delivery finished down $1.26 or $61.93.

Nexen Inc. gained 13¢, or 0.19%, to $67.92.

The materials sector moved up 0.79%, while the gold sub-index gained 0.16%.

Gold futures gained $5.30 to close at US$689.70 an ounce on the New York Mercantile Exchange.

Goldcorp Inc. gained 28¢, or 1.02%, to $27.67.

The financials sector gained 0.46%.

Royal Bank of Canada gained 86¢, or 1.49%, to $58.46.

The Canadian dollar lost 0.08 of a cent to US90.29¢.

The S&P TSX Venture Exchange moved up 25.44, or 0.77%, to 3,347.73.

In New York, market moved modestly higher on positive economic news.

The Dow Jones industrial average gained 23.24, or 0.18%, to 13,264.62, the Nasdaq composite index moved up 6.69, or 0.26%, to 2,572.15, and the S&P500 rose 3.23, or 0.21%, to 1,505.62.