TORONTO (Bloomberg) — Canadian commodity stocks including Petro-Canada advanced as the price of crude oil rebounded from a 19-month low. Goldcorp Inc. rose as bullion climbed to a two-week high.Financial shares such as Manulife Financial Corp. declined, limiting the market’s gains, after a government report showed US inflation accelerated more in December than forecast and reinforced speculation the Federal Reserve may delay lowering borrowing costs.

“More buyers are coming back into the market,” said Sergio Di Vito, head of trading at Mavrix Fund Management Inc., which oversees $712 million in Toronto. “Petro-Canada had very big volume.” People are hoping that this is the end of a pullback in commodities, he said.

The Standard & Poor’s/TSX Composite Index added 10.09, or 0.1 percent, to 12,730.41 in Toronto. The benchmark has declined 1.4 percent this year.

Gauges of energy and materials shares accounting for more than two-fifths of the S&P/TSX’s value today added 0.7 percent and 0.2 percent, respectively, paring their declines this year to 5.1 percent and 2.5 percent. They’ve paced the benchmark’s decline this year on a slump in oil, copper and gold prices.

Crude oil for February delivery closed 2 percent higher at $52.24 a barrel in New York, rebounding as cold weather moved into the Northeast US Prices, which earlier touched $50.28, the lowest since May 25, 2005, are down 22 percent from a year ago.

Petro-Canada, the country’s third-biggest oil and gas producer, rose 66 cents to C$43.68 as 4.3 million shares changed hands in Toronto, more than twice the three-month daily average.

EnCana Corp., Canada’s second-largest natural-gas producer, advanced 63 cents to C$54.88, erasing an earlier drop of 0.9 percent. Smaller rival Canadian Natural Resources Ltd. increased 42 cents to C$55.06. The stock has declined 11 percent this year. Its 52-week low of C$45.49 came in April.