TORONTO - The Toronto stock market ended Friday with a triple-digit gain as investors found motivation in stronger commodities prices.

The S&P/TSX composite index closed ahead 110.43 points to 10,787.15.

Gold stocks led the gains, up 3.6 per cent, as bullion for December rose $18.50 to close at US$955.80 on the Nymex.

Energy stocks were ahead one per cent as the September crude delivery moved ahead $2.51 to US$69.45 a barrel on the New York Mercantile Exchange.

"With oil, gold, silver and other commodities strong, we're outperforming the U.S. on a relative basis," said Paul Taylor, chief investment officer with BMO Harris.

"The visibility on a sustainable economic recovery is becoming more confident with every passing day."

However, despite an overall upbeat sentiment, earnings reports from several energy companies were weak. Pacific Northern Gas Ltd. (TSX:PNG) doubled its second-quarter loss to $400,000, though it also raised its dividend 8.7 per cent to 25 cents per share. The company's stock was up 14 cents to $17.

Fuel retailer Parkland Income Fund (TSX:PKI.UN) said profits increased 29 per cent to $14.3 million during the second quarter, though lower oil prices caused a 21 per cent drop in revenues for the period. Units increased two cents to $10.80.

Metals stocks were up 3.6 per cent, while financials stocks picked up 0.9 per cent with TD Bank (TSX:TD) up 1.5 per cent to $63.11.

The TSX Venture Exchange wrapped the session 32.53 points higher to 1,179.57.

The TSX will be closed on Monday in observance of a civic holiday.

Statistics Canada said that GDP fell 0.5 per cent in May, a faster rate of decline than in the previous three monthly reports. The Canadian dollar was at 92.81 cents US, up 0.58 of a cent.

On Wall Street, the Dow Jones industrials were ahead 17.15 points to 9,171.61, closing out its best month of gains since 2002.

The Nasdaq composite slid 5.80 points to 1,978.50 while the S&P 500 index shifted up 0.73 of a point to 987.48.

A U.S. Commerce Department report said the economy slowed at a rate of one per cent during the quarter, better than the 1.5 per cent decline expected by analysts.

The report was one of the strongest signs yet that the recession is winding down.

In others earnings, food producer George Weston Ltd. (TSX:WN) said its second-quarter profit was $4 million, down 97 per cent from year-earlier profits of $118 million. The company booked a variety of charges which pulled down its results, despite a slight uptick in sales for the period. Shares were down 22 cents to $58.71.

Meanwhile, Metro Inc. (TSX:MRU.A) stock was up after it signed an eight-year deal with striking Quebec City grocery warehouse employees. It shares slid five cents to $33.75.

Mining company Dundee Precious Metals Inc. (TSX:DPM), which operates in the Balkans and other parts of southeastern Europe, posted second quarter net earnings of $3.3 million reversing a year-ago loss. Shares rose 18 cents to $2.05.

Wood panel producer Norbord Inc. (TSX:NBD) cuts its losses by 50 per cent in the second quarter to US$18 million, sending its stock up six cents to $1.05.

Cancer drug developer MethylGene Inc. (TSX:MYG) narrowed its quarterly loss to $6.9 million from $7.4 million, though the earnings sent shares down nearly six per cent to 25 cents.

TVA Group Inc. (TSX:TVA.B) shares gained 15 per cent, or $1.35, to $10.35. The subsidiary of Quebecor Media (TSX:QBR.A), reported profits of $15.2 million, an increase from $12.9 million a year ago.