Toronto stocks moved higher Tuesday, with strength in the resource sectors powering ahead the wider market.

The S&P/TSX composite index gained 94.75 points, or 0.69%, to 13,755.23.

Eight of the 10 TSX main sub-groups were up.

The energy index gained 1.56%.

Light, sweet crude for October delivery gained $1.04 to close US$75.08 a barrel.

Husky Energy Inc. gained 56¢, or 1.45%, to $39.31.

The materials sector gained 1.10%, while the gold sub-sector gained 1.83%.

Gold futures gained $9.60 to finish at US$691.50 an ounce.

Silver Wheaton Corp. gained 36¢, or 3.00%, to $12.37.

Financials moved up 0.34%.

Bank of Montreal gained 22¢, or 0.34%, to $65.17.

The S&P/TSX Venture composite index rose 27.47 points, or 1.04%, to 2,675.28.

The Canadian dollar was up 0.61 of a cent at US95.29¢.

In New York, positive earnings reports alongside increasing investor confidence that the U.S. Federal Reserve would lower rates at its next meeting led to a strongly positive session on the key U.S. markets.

The Dow Jones industrial average gained 91.12 points, or 0.68%, to 13,448.86, the Nasdaq composite index shot ahead 33.88, or 1.30%, to 2,630.24, and the S&P500 rose 15.43, or 1.05%, to 1,489.42.