Toronto stocks moved up Tuesday, on the strength of the energy and information technology indices.
The S&P/TSX composite index gained 65.64 points, or 0.54%, to 12,184.79.
Seven of the 10 TSX main sub-groups were up, with the energy sector spiking 1.27%.
The benchmark December contract closed up 54¢ at US$59.35 a barrel.
Imperial Oil Inc. gained 47¢, or 1.22%, to $38.84.
Shell Canada Inc. was up 13¢, or 0.31%, to $42.68 a day after the firm’s parent indicated it would seek to buy back $7.7 billion of outstanding stock in the company, pending shareholder approval.
The information technology index gained 1.98%.
Nortel Networks gained 11¢, or 4.42%, to $2.60.
The gold sub-sector retreated 0.29%, despite higher gold prices on the session. The benchmark December contract for bullion closed up $4.70 at $587.60 an ounce.
Kinross Gold Corp. fell 10¢, or 0.72%, to $13.80.
The S&P/TSX Venture composite index lifted 17.69 points, or 0.72%, to 2,478.96.
In New York, markets were mixed as investors awaited the U.S. Federal Reserve decision, to be delivered tomorrow.
The Dow Jones industrial average lifted 10.97 points to 12,127.88, the Nasdaq composite index dipped 10.72 points to 2,344.84, and the S&P 500 inched up 0.36 of a point to 1,377.38.