The TSX Composite gained 102 points to close Friday at 20,928.10, a gain on the week of 511 points, or 2.5%.
The Canadian dollar acquired 0.28 cents to 80.83 cents U.S.
After snapping a seven-month win streak in September, the
Canadian equity index has gained 3.7% so far this month.
Financials led the pack Friday, with Canaccord Genuity picking up 85 cents, or 6.6%, to $13.80, while TD added $1.50, or 1.8%, to $87.01.
In consumer discretionary stocks, Linamar vaulted $1.80, or 2.6%, to $71.01, while Canadian Tire jumped $3.10, or 1.7%, to $184.03.
In industrials, Finning International increased 93 cents, or 2.8%, to $34.28, while Canadian Pacific Railway jumped $1.61, or 1.8%, to $90.19.
On the downside, Aurora Cannabis dawdled 30 cents, or 3.3%, to $8.69, while rival Canopy Growth shed 47 cents, or 2.8%, to $16.50.
In gold stocks, New Gold dropped six cents, or 3.4%, to $1.69, while OceanaGold loosened six cents, or 2.5%, to $2.30.
In utilities, ATCO Ltd. Settled 68 cents, or 1.6%, to $40.69, while Boralex subsided 64 cents, or 1.7%, to $37.61.
On the economic schedule, Statistics Canada reports wholesale sales increased 0.3% in August, reflecting mixed results among wholesale sub-sectors.
The agency also says sales of food, beverage and tobacco products surpassed March 2020 levels for the first time.
The Canadian Real Estate Association reported national home sales rose 0.9% on a month-over-month basis in September.
The TSX Venture Exchange surged 12.24 points, or 1.3%, to 937.67, a rise of 60 points, or 6.8%.
Eight of the 12 TSX subgroups stayed positive till the close, as financials gained 0.9%, consumer discretionary issues hiked 0.7%, and industrials added 0.6%.
The four laggards were weighed most by health-care, ailing 1.1%, gold, down 0.9%, and utilities, off 0.3%.
U.S. stocks rose Friday as better-than-expected third-quarter earnings reports boosted the Dow Jones Industrial Average to its best weekly performance since June.
The Dow Jones hiked 382.20 points, or 1.1%, to 35,294.76.
The S&P 500 increased 33.11 points to 4,471.37.
The NASDAQ Composite spiked 73.91 points to 14,897.34.
The three major indexes closed the week higher and are positive on the month.
Earnings momentum continued Friday as Goldman Sachs’ third-quarter results beat significantly on the top and bottom line. The bank stock gained more than 3.8%, and proved the top gainer on the Dow.
The stellar report came after earnings beats from other big banks earlier in the week. Financial heavyweights JPMorgan, Bank of America, Morgan Stanley and Citigroup were among the firms topping expectations.
So far, 80.5% of the 41 S&P 500 companies that have reported third-quarter results have topped earnings-per-share expectations.
Retail sales posted a surprise increase in September, rising 0.7%. Economists polled by Dow Jones were expecting a 0.2% decline.
Prices for 10-year Treasurys gained, lowering yields to 1.58% from Thursday’s 1.51 %. Treasury prices and yields move in opposite directions.
Oil prices jumped 94 cents to $82.25 U.S. a barrel.
Gold prices slumped $28.90 to $1,769.00 U.S. an ounce.