The Globe and Mail reports in its Tuesday edition that the Fed's aggressive policy aimed at cooling the economy, thereby curbing decades-high inflation, is beginning to take root. A Reuters dispatch to The Globe reports that U.S. stocks advanced Monday. The Canadian benchmark stock index underperformed Wall Street because of sharp losses in copper stocks. Investors are worried about the pace of economic growth in China. The third quarter earnings season ramps up in Canada this week, with reports expected from Canadian National Railway, Canadian Pacific Railway, TMX Group, Teck Resources, Cameco and Air Canada. Total earnings for companies in the S&P/TSX Composite Index are forecast to rise by 18.1 per cent in the third quarter (or up 8.8 per cent, excluding energy) from a year earlier. However, per-share earnings estimates for the quarter have decreased by 6 per cent from June 30 to Sept. 30, according to Factset. The TSX on Monday closed up 57.45 points, or 0.30 per cent, at 18,918.40. Most sectors were higher but materials -- which includes copper miners -- fell 1.7 per cent. Among the biggest decliners were First Quantum Minerals, off by 8.2 per cent, and Taseko Mines, falling 7.1 per cent.