Wholesale gasoline added 3 cents to $1.71 a gallon.
"Energy prices were expected to increase, but the rise of 3.0% was firmer than the 1.8% we expected". The industrials sector fell 0.3 per cent.
European stocks initially dipped into negative territory on the news the USA consumer price index rose by 0.5 per cent last month, ahead of forecasts. Brent crude, used to price global oils, lost 20 cents to $62.59 a barrel in London.
Mining company First Quantum Minerals was the biggest percentage gainer, jumping 7.7 per cent to C$20.22 after Eight Capital and Raymond James raised their target prices, although Berenberg cut its target.
In recent years, investors put their money in riskier stocks since they were earning so little in interest at the bank or from bonds. Volume on the TSX index was 219.33 million shares.
Concerns over rising inflation and the potential for a faster pace in interest rate rises had sparked the market turbulence seen across the globe last week.
The Standard & Poor's 500 index rose 35.69 points, or 1.3 percent, to 2,698.63.
But those inflation concerns were tempered by data showing USA retail sales fell 0.3 per cent last month, the biggest decline in almost a year and in sharp contrast to economists' estimates for a 0.2 per cent increase. It has gained more than 1,000 points during the last 4 trading days.
A different government report showed retail sales were unchanged in December and slipped last month.
Higher bond yields boosted bank shares, with JPMorgan Chase, Goldman Sachs and Bank of America all winning more than two per cent.
The Dow Jones industrial average rose 143 points. Nasdaq 100 e-minis were down 44.5 points, or 0.68 per cent, on volume of 92,441 contracts.
Nine of the 11 major S&P indexes rose, led by real estate, up 0.54 per cent. Inflation rose 2.1 percent from a year earlier and core prices increased 1.8 percent. The CBOE Volatility index was at about 18-point mark on Thursday, well off the 50-point peak touched last week.
Twenty-First Century Fox picked up 66 cents, or 1.9 percent, to $36.40 after The Wall Street Journal reported that cable and internet provider Comcast is still interested in buying Fox's entertainment divisions and could make another offer.
The January decline, following no change in December, was the largest setback since a 0.5 percent fall in February of a year ago, the Commerce Department reported Wednesday. S.jobs data on February 2.
Retailers, apparel makers and other companies that focus on consumers made some of the largest gains, a sign that investors expect shoppers to keep spending and the economy to keep growing. (FOSL) soared 78% after it reported earnings that topped forecasts.