The S&P/TSX Composite Index closed 0.5% higher at 31,883 on Friday, the first session of the year, outperforming its US counterpart with support from the financial services and energy sectors. Most oil heavyweights advanced, with Imperial, Suncor, and Cenovus adding more than 2%. Among banks and asset managers, Brookfield Asset Management and added 2% each. Cameco surged more than 7%, supported by strength in the uranium market. In contrast, Capstone Copper fell 1.5% after saying a union representing about half of the workers at its Mantoverde copper and gold mine in Chile will begin a strike.