Canada's main stock index moved higher on Tuesday, helped by gains for companies whose financial results exceeded expectations, including energy company Encana Corp and e-commerce company Shopify.

Valeant Pharmaceuticals International Inc (VRX.TO) advanced 5.6 per cent to $13.96 after its CEO told shareholders the company is on track to repay $5 billion in debt by early next year.

Colliers International Group Inc (CIGI.TO) shares jumped 9.8 per cent to $75.31 after the commercial real estate company posted strong first-quarter results.

E-commerce software maker Shopify Inc (SHOP.TO) advanced 4.2 per cent to $110.57 after reporting a 75 per cent jump in revenue and upping its full-year sales forecast.

Encana Corp (ECA.TO), Canada's No. 2 oil and natural gas producer, advanced 2.5 per cent to $14.92 as higher oil and gas prices helped boost its operating profit.

The energy group climbed 0.5 per cent, even as oil prices steadied.

Suncor Energy Inc (SU.TO), Canada's biggest oil and gas producer, was up 0.6 per cent at $43.17. The majority owner of the Syncrude Canada oil sands project said on Monday it had resumed shipping crude from its Mildred Lake upgrader.

At 10:19 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 63.74 points, or 0.41 per cent, to 15,639.37.

Nine of the index's 10 main groups were in positive territory, with financials slipping.

Alternative lender Home Capital Group (HCG.TO) advanced 9.9 per cent to $7.65. The company's stock has plummeted since a securities regulator last month accused top executives of hiding mortgage broker fraud from investors.

WestJet Airlines Ltd WJA.TO declined 4.6 per cent to $21.80 despite beating profit estimates as the company said it would buy more jets, raising its capital expenditure.