By Austen Sherman
SAN FRANCISCO (MarketWatch) -- Canadian stocks looked to rebound on Tuesday as the S&P/TSX Composite Index CA:$ISPTX +1.03% gained 153 points, or 1.2%. The rise comes as commodities' prices gained traction causing the resource rich market to rise. The S&P/TSX Capped Diversified Metals and Mining Index XX:TTMN +2.25% was up 2.3%, aided by a 2.6% gain in copper futures. Ivanhoe Mines Ltd. CA:IVN +4.16% rose 3.3%. The energy sector was up as oil prices looked to stop its slide after Saudi Arabia announced an increase in production Friday. The S&P/TSX Capped Energy Index XX:TTEN +1.75% was up 1.8%. Suncor Energy Inc. CA:SU +2.16% gained 2%, as oil futures CL1N +0.68% rose above $98 per barrel. The S&P/TSX Capped Materials Index XX:TTMT +0.87% , home to Canada's major gold producers, was up 1.4%. Goldcorp Inc. CA:G +1.24% added 1.7% as gold futures GC1Q +0.50% pushed up 0.5%. The Canadian dollar made gains against the U.S. dollar, with $1 being with C$0.9682.
