The Globe and Mail reports in its Tuesday edition that Canada's main stock index rose on Monday to a 10-day high, led by gains for resource shares, as an expectation that the Federal Reserve could cut interest rates to support the U.S. economy if it fell into trouble bolstered investor sentiment. A Reuters dispatch to The Globe says that the S&P/TSX Composite Index ended up 57.70 points at 21,067.30. In the United States, the Nasdaq composite slipped after briefly surpassing its record closing high from November, 2021, while the Dow rose modestly to a fresh record. "The market sentiment is really good," said Allan Small, senior investment adviser of Allan Small Financial Group with iA Private Wealth. "The Federal Reserve is there to backstop the economy should things get really bad. A win-win mentality is partially fuelling this upward trend." The U.S. Consumer Price Index (CPI) report for January is due for release Tuesday. The energy sector in Toronto rallied 1.2 per cent as oil settled eight U.S. cents higher at $76.92 (U.S.) a barrel on continued Middle East tensions and after Enbridge reported favourable quarterly results. The pipeline operator's shares ended with a gain of nearly 2 per cent.