Energy sector lifted by soaring crude-oil prices SAN FRANCISCO (MarketWatch) -- Canadian shares rose Friday as gold miners including Golden Star Resources Ltd. and Kinross Gold Corp. got a boost from rising gold prices. The benchmark S&P/TSX Composite Index (CA:ISPTX 10,831, +130.67, +1.22%) rose 130 points, or 1.2%, to end at 10,831. All sectors were up in morning trading. Advancers outpaced decliners 895 to 553. The metals and mining sector gained 2.2% as gold futures rose, lifted by a weak dollar and upbeat economic data. Canadian-listed shares of Mercator Minerals Ltd. (CA:ML 2.64, +0.10, +3.94%) added 4%, Anvil Mining Ltd. (CA:AVM 2.64, +0.15, +6.02%) climbed 6%, Kinross Gold Corp. (CA:K 20.99, +0.51, +2.49%) advanced 2.5% and Golden Star Resources Ltd. (CA:GSC 2.70, +0.02, +0.75%) gained 0.8%. Copper for September delivery gained 14 cents, or 5%, to end at $2.8805 a pound on the New York Mercantile Exchange. December gold gained $13, or 1.4%, to close at $954.7 an ounce. Both metals advanced for the week. See full story on gold. In other mining news, Chariot Resources Ltd. (CA:CHD 0.44, -0.06, -12.12%) fell 12% after ending up 9% Thursday. Dissident shareholders at the mining company, upset over the progress at a copper mine in Peru, called for a new board late Wednesday. Shareholders will vote on the board change, which includes mining mogul Lukas Lundin of Lundin Mining Corp. (CA:LUN 3.89, +0.14, +3.73%) on Sept. 4 at an annual meeting. Canada's energy sector gained 1.1% as crude-oil futures surged Friday above $74 a barrel, reaching their highest level so far this year. Weakness in the dollar and positive U.S. and European economic data boosted prices. The sector was one of Canada's biggest decliners Thursday. Canadian-listed shares of Suncor Energy Inc. (CA:SU 35.53, +1.05, +3.05%) advanced 3.1%, UTS Energy Corp. (CA:UTS 1.51, +0.03, +2.03%) gained 2% and TriStar Oil & Gas Ltd. (CA:TOG 15.34, +0.49, +3.30%) rose 3.3%. Crude-oil for October delivery rose 98 cents to end at $73.89 a barrel on the New York Mercantile Exchange. The October contract surged 6.1% this week. See full story on oil. The financial sector advanced 0.9% continuing its week-long climb. Canadian-listed shares of Manulife Financial Corp. (CA:MFC 22.01, +0.61, +2.85%) (MFC 20.41, +0.63, +3.19%) gained 2.9% and Bank of Nova Scotia (CA:BNS 45.20, +0.31, +0.69%) increased 0.7%. The Canadian dollar rose against its U.S. counterpart. One U.S. dollar bought C$1.0817 compared to C$1.0831 late Friday.

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