Toronto stocks moved higher Friday, posting a fresh all time high, as the market was pushed ahead by higher resource prices.

The S&P/TSX composite index gained 25.55, or 0.19%, to 13,343.53, besting the most recent record high, which was set on Wednesday.

The benchmark index was up 0.2% on the week.

Six of the 10 TSX main groups closed higher.

The energy index gained 0.39%. Light, sweet crude for April delivery finished up 19¢ at US$61.14 a barrel on the New York Mercantile Exchange.

EnCana Corp. gained 41¢, or 0.74%, to $55.96.

The materials index gained 0.12%, while the gold sub-index lost 0.25% despite higher bullion prices. Gold futures moved up $3.70 to close at US$686.70 an ounce.

Alcan Inc. gained 44¢, or 0.70%, to $63.04.

Information technology stocks gave up 0.38%.

Open Text Corp. lost 19¢, or 0.71%, to $26.45.

Among financial issues, Fairfax Financial surged $20.68, or 10%, to $221.23 after the company said after the bell on Thursday it swung to a profit in the fourth quarter.

The Canadian dollar gained 0.16 of a cent to US86.27.

The S&P/TSX Venture composite index gained 38.25 points, or 1.20%, to 3,229.97.

In New York, markets were lower as investors fretted over global insecurity.

The Dow Jones industrial average lost 38.54, or 0.30%, to 12,647.48, the Nasdaq composite index lost 9.84, or 0.39%, to 2,515.10, and the S&P500 lost 5.019, or 0.36%, to 1,451.19.

For the week, the Dow ended down 0.9% — its biggest percentage drop since August. But the Nasdaq finished the week up 0.8%, while the S&P 500 ended down 0.3%.