Canada's main stock index powered to a record high on Friday propelled by higher oil prices and expectations of corporate-friendly tax cuts in the United States, while an unexpected surge in domestic job growth also suggested a brighter economic outlook.

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The Toronto Stock Exchange's S&P/TSX composite index finished up 111.82, or 0.72 per cent, at 15,729.12, with all but one of the index's 10 main groups ending in positive territory.

The TSX rose 1.6 per cent on the week...

• The most influential movers on the index included Royal Bank of Canada, which rose 0.7 per cent to $96.84, and Teck Resources, which advanced 5.8 per cent to $32.60.
• The overall financials group gained 0.5 per cent, while materials, home to mining and other resources stocks, was up nearly 1.5 per cent.
• Oil prices climbed following reports that OPEC members delivered more than 90 per cent of the output cuts they promised in a landmark deal that took effect last month. U.S. crude prices were up 1.5 per cent to US$53.79 a barrel, while Brent crude added 1.8 per cent to US$56.64.
• The energy group rallied 1.0 per cent in response, with Canadian Natural Resources advancing 1.1 per cent to $39.48.
• Advancing issues outnumbered declining ones on the TSX by 202 to 41, for a 4.93-to-1 ratio on the upside.
• The index posted 24 new 52-week highs and no new lows.

Canada unexpectedly added 48,300 jobs last month, exceeding economists' expectations for no employment growth....