The Toronto Stock Exchange (TSX) reached a one-week high last Friday. Economic data showed that U.S. Federal Reserve was not going to wind-down its stimulus program. This lifted the shares of gold miners as well as bullion prices.

The expected delay in Fed Stimulus pullback led to an increase in oil prices to 1.6 per cent which is the highest level for a period of more than two months.

The TSX’s S&P/TSX composite index GSPTSE closed up 87.95 points at 12,762.30. This was after rising as high as 12,776.14. This was the highest level since August 16.