Canada’s main stock index hit a new record high on gains by the key commodities sector, while U.S. markets also breached records.

The S&P/TSX composite index closed up 10.27 points at 17,128.71 points.

In New York, the Dow Jones industrial average rose 96.44 points to 28,551.53. The S&P 500 index was up 2.79 points at 3,224.01, while the Nasdaq composite was up 20.69 points at 8,945.65.

On a percentage basis, all three U.S. markets outpaced the TSX with the Dow posting another record close and the other two markets setting intraday records.

The Canadian dollar traded at US75.99¢, compared with an average of US75.96¢ on Friday.

The February crude contract was up eight cents to US$60.52 per barrel and the February natural gas contract fell 9.3 cents to US$2.22 per mmBTU.

The February gold contract was up US$7.80 at US$1,488.70 an ounce and the March copper contract was steady at roughly US$2.81 a pound.