Canada’s main stock index resumed its climb in a broad-based rally despite another drop in crude oil prices since the U.S. brokered a supply cut deal.

The S&P/TSX composite index closed up 182.49 points at 14,258.43.

In New York, the Dow Jones industrial average was up 558.99 points at 23,949.76. The S&P 500 index was up 84.43 points at 2,846.06, while the Nasdaq composite was up 323.32 points or nearly four per cent at 8,406.65.

The Canadian dollar traded for US71.92¢ compared with an average of US71.76¢ on Monday.

The May crude contract was down US$2.30 at US$20.11 per barrel and the May natural gas contract was down 7.4 cents at US$1.65 per mmBTU.

The June gold contract was up US$7.50 at US$1,768.90 an ounce and the May copper contract was up 2.7 cents at US$2.33 a pound.