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TORONTO (Reuters) - Canada's main stock index notched a weekly gain, weathering a recent bout of volatility, as energy and financial stocks rose.


Gold prices edged lower on Wednesday as the dollar strengthened, with the metal hitting its lowest in more than two weeks in the previous session. Gold prices edged lower on Wednesday as the dollar strengthened. The metal hit its lowest in more than two weeks in the previous session.
The TSX ended up 197.64 points, or 0.96%, at 20,741.75.
The S&P 500 Index gained 0.6% for the week.
Technology stocks rallied 4.3% on Wednesday.
of the vote Energy gained 0.6% of the vote.
The Toronto Stock Exchange's S&P/TSX composite index rose 0.92 percent to end at 16,362.14. Eight of the index's 10 main sectors finished higher. The technology sector, which includes BlackBerry Ltd, surged 3.5 percent.
The Toronto Stock Exchange's S&P/TSX composite index ended up 197.64 points today, or 0.96%, at 20,741.75.
After stocks were pressured earlier this week by the prospect of aggressive rate hikes by the U.S. Federal Reserve and rising tensions between Western powers and Russia, Wall Street rallied.
"We're going to have to deal with volatility this year," said Paul Gardner, a portfolio manager at Avenue Investment Management.
There are many reasons why gold may rise in price. Interest rate movements, geopolitical risk, and Fed risk are all factors that could lead to higher gold prices.
The TSX has increased 4.2% since it reached its lowest intraday level on Monday last year. For the week, the index increased 0.6%.
Technology stocks, which have been among the hardest hit in recent weeks, rallied 4.3%, while energy stocks gained 0.6%, helped by higher oil prices.
Oil prices settled 0.2% higher at $86.82 a barrel as ongoing global political turmoil fanned concerns over tight supply.
Shares that are weighted more heavily financially rose 0.4% and the industrials group ended 0.8% higher.
The materials sector, which includes precious and base metals miners and fertilizer companies, was down. It lost 0.4% as a stronger U.S. dollar weighed on gold.

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