The Toronto Stock Exchange recovered some of the previous day’s losses during Tuesday’s trading, as rising oil prices helped pushed energy stocks higher.

The S&P/TSX composite index surged 142.25 points, or 1.4%, to close at 10,673.84.

The energy group led the way with gains of 1.9% as oil futures climbed higher. Crude for September delivery surged US$2.44, or 3.6%, to end at US$69.19 a barrel on the New York Mercantile Exchange.

Shares of Husky Energy Inc. gained 3.2% after the company announced that it plans to wrap up maintenance on one of its oil fields this week. Husky shares closed at $31.55, up 97 cents.

EnCana Corp. gained $1.46, or 2.7%, to close at $56.50 and TriStar Oil & Gas Ltd. rose 4% to $13.60.

Also higher was Canadian Natural Resources Ltd., up $1.04, or 1.7%, to $63.44.

Materials stocks also finished higher on Tuesday, adding 1.8%. The sub-gold index rose by 1.3% as gold futures advanced. Gold for December delivery, the most actively traded contract, gained US$3.40, or 0.4%, to end at US$939.20 an ounce on the New York Mercantile Exchange.

Shares of First Quantum Minerals Ltd. soared 5.7% after a report that the Democratic Republic of Congo may still be open to talks regarding a contract with the mining company’s copper and cobalt project in the country. The company’s shares gained $3.73 to close at $69.20.

Barrick Gold Corp. added 1.8% to $36.92 and Agnico-Eagle Mines Ltd. gained 2% to finish at $59.76.

Potash producers also advanced Tuesday, including a 2.5% boost for Potash Corp. to $103.24 and a 2.5% increase in shares of Agrium Inc. to $51.98.

Financial stocks edged higher by 0.5% during Tuesday’s trading.

Gainers included TMX Group Inc., up 2.1% to $33.58, and National Bank of Canada, up 1.9% to $57.41.

Shares of Canadian Western Bank rose 2.2% to $18.25.

The junior S&P/TSX Venture composite index also finished higher on Tuesday, adding 6.68 points, or 0.6%, to close at 1,166.50.

The Canadian dollar added US0.44¢ to close at US90.76¢.

In New York, U.S. markets also finished Tuesday’s session with a partial recovery from Monday’s losses. The markets were bolstered by better-than-expected earnings reports from several U.S. retailers.

The Dow Jones industrial average advanced 82.6 points, or 0.9%, to finish at 9,217.94.

The S&P 500 index added 9.94 points, or 1%, to close at 989.67.

The Nasdaq composite index climbed 25.08 points, or 1.3%, to end at 1,955.92.

On the New York Stock Exchange, shares of Home Depot, Inc. jumped 3.1% to US$26.93, after the home-improvement retailer reported that second-quarter profit fell by a less-than-expected 7.2% to US$1.12 billion.

Shares of retailer Target Corp. surged 7.1% to US$44.32 after it said second-quarter profit fell by 6.3% to US$594 million.

IE