* At 9:38 a.m. ET (14:38 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 122.72 points, or 0.85 percent, at 14,626.85.
* A strong day for Europe and a higher opening for Wall Street were boosted by hopes that the United States and China would strike a deal to end their months-long trade war that has battered financial markets.
* All of the 11 major TSX sectors were higher led by 1 percent rise in the energy sector.
* U.S. crude prices were up 1.7 percent per barrel, while Brent crude added 1.6 percent.
* The financials sector gained 0.8 percent, while the industrials sector rose 1.1 percent.
* The materials sector, which includes precious and base metals miners and fertilizer companies, gained 0.3 percent.
* The largest percentage gainers on the TSX were New Gold Inc, which surged 7.8 percent after reporting fourth quarter results, followed by First Quantum Minerals Ltd, which rose 4.7 percent.
* Toromont Industries Ltd fell 2.9 percent, the most on the TSX, while the second biggest decliner was Barrick Gold Corp.
* The most heavily traded shares by volume were Aurora Cannabis Inc, Aphria Inc and Hexo Corp.
* On the TSX, 189 issues were higher, while 45 issues declined for a 4.20-to-1 ratio favoring gainers, with traded volumes touching 15.62 million shares.
* The TSX posted one new 52-week high and without any new low.
* Across all Canadian issues, there were three new 52-week highs and four new lows, with total volume touching 24.99 million shares.
(Reporting by Medha Singh in Bengaluru; Editing by James Emmanuel)