The Canadian stocks rallied amid hopes that a European Union bailout for Greece was in the works. The S&P/TSX Composite Index advanced 158.94 points, or 1.43 percent, to a level of 11274.24 on Tuesday. Crude oil for March delivery rose 2.35 percent to 73.58 U.S. dollars a barrel in electronic trading on Globex on Tuesday. Raw materials account for about half of Canada's export revenue. Suncor Energy Inc. gained 1.82 percent. Galleon Energy Inc. increased 3.71 percent. Gold for April delivery added 0.54 percent in electronic trading on Tuesday. Gold stocks led the Canadian rally for the day. Goldcorp Inc. gained 3.96 percent. Barrick Gold Corp. rose 3.54 percent. Kinross Gold Corp. advanced 5.20 percent. Inmet Mining Corp. advanced 7.85 percent on the day after it announced a positive fourth-quarter profit. The company said it profited from the boost in copper and zinc prices in 2009. Earlier Tuesday, the European Central Bank said President Jean- Claude Trichet was changing his flight back from Australia to attend a meeting of EU leaders in Brussels. This raised expectations that the EU may draw up a rescue plan for Greece, saddled with debt and fiscal problems. The Canadian dollar appreciated against its U.S. counterpart on Tuesday. One U.S. dollar was buying 1.0661 Canadian dollars at 5 p. m. local time (2200 GMT), compared with one U.S. dollar purchasing 1.0755 Canadian dollars. 