The S&P/TSX Composite Index (THE:CA:$ISPTX) closed up 17 points, or 0.1%, to 11,962 after flirting with the 12,000 mark midday.
Gold prices hit a closing and intraday record Friday. Canada's largest gold companies -- Barrick Gold Corp. (THE:CA:ABX) and Goldcorp Inc. (THE:CA:G) -- made substantial strides, closing up 2.8% and 1.5%, respectively.
Gold for August delivery rose $9.60, or 0.8%, to settle at $1,258.30 an ounce. Gold, which is up 15% for this year, has been on a winning streak for nine weeks as more investors snuggle up to the safe-haven asset on economic uncertainties, particularly in Europe. Read more about gold futures.
Canada's most heavily-traded index of the day -- The S&P/TSX Capped Financials index (THE:CA:TTFS) -- was up 0.3% and traded well above average daily volume. Power Corp. (THE:CA:POW) was up 1.4% as Canadian Western Bank (THE:CA:CWB) fell 0.1%
And as crude-oil futures added 39 cents to settle at $78.01 a barrel, the S&P/TSX Capped Energy Trust (THE:CA:TTEN) bumped up 0.2%, led by Trinidad Drilling (THE:CA:TDG) .
The S&P/TSX Capped Diversified Metals index (THE:CA:TTMN) closed flat, with Major Drilling Group (THE:CA:MDI) as the top advancer and Equinox Minerals (THE:CA:EQN) as the main decliner.
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