The dollar fell on Friday after the US reported weak jobs data, which doesn’t support the case of a rate hike this year. The index gained 1.1 percent over the week.
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The materials group, which includes base metals miners and fertilizer companies as well as gold miners, added 2.4 percent.
The S&P/TSX composite index was up 119.48 points at 14,803.39 after 90 minutes of trading.
All 10 main index groups ended higher, with nearly five risers for every falling stock.
Barrick Gold Corp advanced 2.2 per cent to $23.82 and Goldcorp Inc rose 2.7 per cent to $20.97.
Economists were expecting employers to have added 182,500 jobs last month and for the unemployment rate to fall by 0.1 per cent.
The December gold contract rose $4.50 to $1,321.60 (U.S.) an ounce and December copper contracts rose about half a cent to $2.08 (U.S.) a pound.
Of the few declining stocks, Valeant Pharmaceuticals International Inc weighed most heavily, down 3.1 per cent to $36.93.
USA employers added 151,000 jobs in August, according to the Labor Department’s monthly jobs report, while the unemployment rate remained static at 4.9 per cent for a third month in a row.
October WTI crude rose $1.28, or 3%, to settle at $44.44 a barrel on the New York Mercantile Exchange.
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Canada’s trade deficit in July unexpectedly shrank on stronger non-energy exports, a sector the Bank of Canada says is crucial to helping revive an economy hit by low oil prices.
