The materials group, which includes precious and base metals miners and fertilizer companies, advanced 1.4% despite a 21.6% plunge in the shares of Centerra Gold Inc CG.TO after it reported quarterly results. Wall Street also rallied after U.S. consumer price data raised hopes the Federal Reserve will cut back on super-sized interest rate increases. "Markets have good reason to cheer the CPI number finally," said Barry Schwartz, portfolio manager at Baskin Financial Services.