BOMBARDIER INC. 
Seven of the Toronto Stock Exchange's S&P/TSX composite index's <.GSPTSE> 10 main sectors slipped, but the index ended up 95.06 points, or 0.70 percent, at 13,647.26.
The rising financials, energy and materials sectors account for almost two-thirds of the index's weight.
The energy group gained 3.8 percent as crude oil prices broke through the top of a month-long range. Materials, which includes miners, rose 3.3 percent.
"Oil is heading higher, the real question is when. And some guys are trying to say maybe it's a bit sooner than later," said Manash Goswami, a portfolio manager at First Asset Investment Management.
Bombardier Inc (>> Bombardier, Inc.) stock surged 15 percent in the last half-hour of trading to close at C$1.77 after Reuters reported the planemaker has approached Airbus about selling a majority stake in its CSeries jet in order to shore up its depleted balance sheet.
The most influential mover on the index was Canadian Natural Resources (>> Canadian Natural Resources Limited), which rose 4.8 percent to C$29.55. Crescent Point Energy (>> Crescent Point Energy Corp) surged 7.4 percent to C$18.91 and Encana Corp (>> Encana Corporation) jumped 7 percent to C$10.60.
U.S. crude
First Quantum Minerals (>> First Quantum Minerals Limited) shares surged 21 percent to C$7.49 in heavy volume after the miner said it would cut net debt by C$1 billion and lowered its copper production forecast.
It also revised its deal with Franco-Nevada Corp (>> Franco-Nevada Corporation) for its flagship copper-gold Cobre Panama project in Central America.
Gold prices
First Asset's Goswami said recent jitters about slowing growth in China and in other emerging markets may have been overdone, making cyclical stocks attractive as the economy improves.
"Things aren't that bad. It's not like there's a global crisis that makes me want to hide underneath my desk," he said.
(Additional reporting by Solarina Ho; Editing by Lisa Von Ahn and James Dalgleish)
By Alastair Sharp
