Canada’s main stock index rallied for a second week as the price of crude rose to its highest level in almost two months.
The S&P/TSX composite index closed up by 92.61 points to 15,303.83.
In New York, the Dow Jones industrial average rose by 336.25 points at 24,706.35. The S&P 500 composite index was up by 34.75 points at 2,670.71, while the Nasdaq composite was up by 72.76 points at 7,157.23.
U.S. markets will be closed Monday for Martin Luther King Day.
The Canadian dollar traded at an average of US75.41¢ compared with an average of US75.22¢ on Thursday following a pick up in the annual inflation rate in December to 2%, topping expectations for a reading of 1.7%.
The March crude contract was up by US$1.68 at US$54.04 a barrel and the February natural gas contract was up by US6.9¢ at US$3.48 per mmBTU.
The February gold contract was down by US$9.70 at US$1,282.60 an ounce and the March copper contract was up by US3.9¢ at US$2.72 a pound.