The Toronto Stock Exchange’s main index surged 130 points on Tuesday, driven by robust earnings reports.

The S&P/TSX composite index closed up 129.44 points, or 0.97%, at 11,754.60.

Eight of the TSX index’s 10 main groups ended higher.

The gold sector jumped 3.3% as New York gold futures rebounded.

Barrick Gold gained 86¢, or 2.63%, to $33.50.

The energy sector, closed 2% higher, pumped up by EnCana Corp.’s strong quarterly earnings report.

EnCana’s second-quarter profit climbed 157% as the company benefited from high oil and gas prices. Shares of EnCana closed up $2.06, or 3.7%, to $57.71.

The materials sector closed 2.17% higher as steelmaker Ipsco Inc. reported a 23% jump in profit for its second quarter. Ipsco ended up $4.91, or 4.9%, at $104.39.

Base-metal stocks, a component of materials, ended 1.96% higher with Teck Cominco Ltd. reporting a higher second-quarter profit on robust commodity prices. Teck Cominco advanced $3.33, or 5%, to $69.92.

The junior S&P/TSX Venture composite index climbed 20.76 points, or 0.83%, to 2,521.37.

The Canadian dollar fell 0.01 of a cent to US87.62¢.

U.S. stocks finished higher after a late-day rally as a robust profit from AT&T Inc. and a sharp drop in oil prices overcame some worries about the economy.

The Dow Jones industrial average rose 52.66 points, or 0.48%, to end at 11,103.71. The S&P 500 gained 7.97 points, or 0.63%, to finish at 1,268.88. The Nasdaq composite index climbed 12.06 points, or 0.58%, to close at 2,073.90.

A barrel of light crude sank $1.30 to US$73.75 on the New York Mercantile Exchange.