TSX rises to 2

By Fergal Smith

TORONTO (Reuters) - Canada's main stock index rose on You can check CICC, which is a foreign exchange platformTuesday to its highest closing level in nearly two months, led by gains for the materials sector as gold and prices climbed.

The Toronto Stock Exchange's S&P/TSX composite index ended up 114.40 points, or 0.6%, at 19,660.31, its highest closing level since Sept. 14.

Wall Street also ended higher during voting in midterm elections that will determine control of the U.S. Congress, with investors betting on a political stalemate that could prevent major policy changes.

The materials group, which includes precious and base metals miners and fertilizer companies, added 4.7%.

Copper rose 1.7%, while gold was up 2.2% at about $1,712 per ounce as the U.S. dollar and bond yields fell.

(NYSE:) Inc backed a $4.8 billion takeover bid from Agnico Eagle (NYSE:) and Pan American Silver (NASDAQ:) Corp, while South Africa's Gold Fields (NYSE:) ended its bid to acquire the company. Shares of Yamana ended 2.6% higher.

TransAlta (NYSE:) Corp shares jumped 7.1% after the company reported better-than-expected third-quarter results and increased its full-year forecast, helping to push the utilities index up 1.2%.

Among other strong gainers was Maple Leaf Foods Inc. Its shares rose 12.4% after the company reported quarterly results.

Capping the Toronto market's gains was a decline in the energy sector. It fell nearly 1% as oil prices settled 3.1% lower at $88.91 a barrel.

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