The benchmark stock index of Canada closed on Friday with the best showing for a day in the entire month, and the day saw the index rise by a steady 3 per cent, which is probably the result of the whole week which had a lot of gains.

The rise in the prices of the commodities has been helping a lot in the increase of about 2.97 per cent and the final employment statistics for the month of February in the United States have also been way better than actually estimated and much ahead than the expected forecast.

The resource stocks and also the financials did a lot in terms of contribution towards the rise. The rally also suggests that there was a chance of yet another upswing that could as well lead the market right back for a revaluation of all the highs in the month of January.

The Canadian dollar also saw an increase for the sixth straight session and it closed at about US97.04 cents. Tim Hortons was also trading at a high that was not seen at all in the past year and this was due to the announcement of the locations of their 900 new stores that is to be opened all over North America.