Canada's main stock index closed up more than 175 points, alongside gains in the U.S. markets, ahead of Canadian inflation data due out on Wednesday. 

The S&P/TSX Composite Index was up 177.16 points, or 0.95 per cent, at 18,798.18.

In New York, the Dow Jones Industrial Average was up 337.98 points at 30,523.80. The S&P 500 index was up 42.03 points at 3,719.98, while the Nasdaq Composite was up 96.60 points at 10,772.40.

The Canadian dollar traded for 72.70 cents U.S., compared with 72.83 cents U.S. on Monday.

The December crude contract was down US$2.46 at US$82.07 per barrel and the November natural gas contract was down 25.4 cents at US$5.75 per mmBTU.

The December gold contract was down US$8.20 at US$1,655.80 an ounce and the December copper contract was down 5.4 cents at US$3.36 a pound.