TORONTO - The Toronto stock market closed sharply higher, led by a solid showing in the commodities sector as the U.S. dollar weakened.
The S&P/TSX composite index rose 116.56 points to 11,586.37.
The advance added to last week's 2.2 per cent gain that followed a commitment by the European Union to stand beside Greece as the country deals with its debt crisis.
The Canadian dollar moved half a cent higher to 95.83 cents US, while oil shot up $2.88 to US$77.01 a barrel.
New York markets also headed higher after a report on manufacturing in the New York area was stronger than expected.
The Dow Jones industrial average moved 169.67 points higher to 10,268.81. The Nasdaq composite index climbed 30.66 points to 2,214.19 while the S&P 500 index was up 19.36 points to 1,094.87.
