TORONTO (Reuters) — The Toronto Stock Exchange’s main index set a record high close yesterday on a rebound in materials and energy issues, off-setting disappointing results from Loblaw Cos. Ltd.The S&P/TSX composite index closed up 42.05 points, or 0.3 percent, at 13.184.30, surpassing the previous record of 13,183.33, set on February 6.

Overall, seven of the index’s 10 main groups were higher, led by a 0.9 percent rise in the resource-laden materials sector, which got a boost from a rally in gold prices.

“In a nutshell, that probably explains why the Canadian market started to come during the day whereas everyone else seems to have remained in the doldrums,” Michael Sprung, president at Sprung & Co. Investment Counsel, said of the rebound in the heavyweight energy and materials sectors.

Barrick Gold Corp. rose 48 Canadian cents, or 1.3 percent, to C$36.37, while Goldcorp Inc. jumped C$1.12, or 3.5 percent, to C$33.50. The energy sector reversed course and rose along with oil prices. US crude jumped C$2, or 3.5 percent, to $59.71 a barrel amid continued cold weather in the United States and worries over supply.

“As long as the weather stays cold some of these commodities are going to continue to move,” said Bruce Latimer, a trader at Dundee Securities.

EnCana Corp. rose 46 Canadian cents, or 0.8 percent, to C$57.77, while Talisman Energy Inc. edged up 22 Canadian cents, or 1.1 percent, to C$20.47.

While energy and materials issues reversed course and ended the day higher, news of Loblaw’s earnings outlook weighed on the market.

Shares of Loblaw, the country’s biggest grocer, dropped C$2.29, or 4.5 percent, to C$48.95 after it forecast a big fourth-quarter loss on a goodwill impairment charge related to its Provigo acquisition.

Other earnings news was not so downbeat. “We had news throughout the day which sort of stemmed the early morning disappointment,” Sprung said of the results.