TSX Rises Along With Oil Prices -- Canadian Commentary

(RTTNews) - Canadian stocks rallied Tuesday, trimming steep recent losses as the energy sector rebounded on higher oil prices.

At last check, the S&P/TSX Composite Index was up 150 points, or 1.2%, to 12,294, staying away from 3-year lows.

With all eyes on the commodities, March oil settled at $31.45/bbl on Nymex, up $1.11, or 3.7%.

Energy stocks, which plunged more than 5% in the previous session, rose 3% today.

Base metal mining stocks performed better as well, picking up 4%.

Gold stocks continued rise, adding 3%.

Metro, Inc. (MRU.TO) reported adjusted earnings per share was $0.56 for the quarter. Sales increased to $2.96 billion from $2.84 billion, prior year. Shares lost 3.3%

Brookfield Canada Office Properties(BOX_UN.TO) said fourth quarter earnings were down slightly. Shares were up 1.9%.

Moody's Investors Service downgraded the long-term debt of Bank of Nova Scotia (BNS.TO). The stock was flat.