Canada's main stock index rose to six-week highs on Tuesday, buoyed by a broad rally led by financial and energy stocks, as investors cautiously awaited for clues from the US Federal Reserve on its next move. The financial sector, which accounts for about a third of the index's weight, climbed 0.5 percent. Individual gains within the group were modest, with Royal Bank of Canada adding 0.9 percent to finish at C$92.98.
The Toronto Stock Exchange's S&P/TSX composite index rose 56.3 points, or 0.37 percent, to 15,292.97. It touched as high as 15,315.27 during the session, a level not reached since August 3. Of the index's 10 main groups, utilities were the lone decliners, losing 0.1 percent. The energy group climbed 0.1 percent as crude prices pulled back from near-five-month highs in advance of US data that is expected to show a build in crude inventories. Inter Pipeline Ltd rose 3.3 percent to C$23.81, while Cenovus Energy Inc advanced 2.1 percent to C$11.48.