Canadian Market Up Firmly In Positive Territory; Materials Shares Rally

After a somewhat cautious start, the Canadian market gained in strength Tuesday morning, thanks to strong buying in materials and utilities sectors.

Several stocks from indutrials and consumer staples sections are also faring well. Healthcare, energy, technology and financials shares are turning in a mixed performance.

Investors are tracking positive cues from Wall Street where the major averages are adding to the strong gains posted in the two previous sessions to further offset last week's pullback.

Investors are awaiting the outcome of today's U.S. midterm elections, which will determine control of Congress. Republicans are expected to take control of the House and possibly the Senate. It is said traders prefer a divided government, as times when the White House and Congress are controlled by opposite parties have historically been positive for Wall Street.