Toronto stocks ended higher Tuesday, regaining some of the losses from the previous session, driven once again by a rise in the energy group.

The S&P/TSX composite index gained 18.29 points, or 0.15%, to 11,947.61.

Eight of the 10 TSX main sub-groups were up, with the energy index climbing 0.64%.

Light, sweet crude for April delivery ended up 15¢ at US$60.57 a barrel, after falling as low as $59.60 earlier in the day.

Suncor Energy gained $2.30, or 2.75%, to $85.90.

Financials gained 0.19%. TD Bank advanced 27¢, or 0.41%, to $65.47.

The materials sector fell back 0.77%.

The benchmark gold contract was down $2.90 at US$553.20 an ounce.

Goldcorp Inc. gained 86¢, or 2.67%, to $31.30.

The S&P/TSX Venture Exchange index dipped 8.01, or 0.30%, to 2,667.32.

Bank of Canada Governor David Dodge said today that more modest interest rate increases may be coming to fight inflationary pressures in the economy.

In a news conference in Toronto, Dodge said there “may: be a need for further increases in interest rates based on robust economic growth rates that could push up inflation.

The Canadian dollar declined 0.22 of a cent to US85.91¢.

On Wall Street, U.S. stocks fell after U.S. Fed chief Ben Bernanke failed to provide indications about interest-rate direction his Monday night speech to the Economic Club of New York.

The Dow Jones Industrial Average fell 39.06 points to 11,235.47, the Nasdaq composite index fell 19.88 points to 2,294.23, while the S&P 500 dropped 7.85 points to 1,297.23.