Energy stocks contributed to Wednesday’s rise in Canada’s main stock index, which saw Dollarama jump after reporting better-than-expected quarterly sales.

After reporting a spike in same-store sales, the discount retailer chain Dollarama Inc climbed 1.2% and reached a two-month high.

The consumer discretionary sector index, housing the stock, added 0.9%.

The S&P/TSX composite index of the Toronto Stock Exchange was up 155.29 points, or 0.79%, at 19,812.82 at 10:25 a.m. ET (14:25 GMT).

“It’s a great company. They manage their store count well and are quite cost-effective “AGF Investments vice president and portfolio manager Mike Archibald made the statement.

The energy sector also contributed to the gains, rising 1.4% in step with the rise in crude oil prices as concerns about a supply shortage were stoked by the suspension of some exports from Iraqi Kurdistan. [O/R]

Finance Minister Chrystia Freeland presented a budget to parliament on Tuesday to encourage investment in the low-carbon economy. This budget included tax breaks for electric-vehicle (EV) producers and an expansion of the power system.

The utilities sector added 0.5%.

Archibald noted that the incentives to promote further investment in green technology would benefit renewable companies like Northland Power (OTC:NPIFF) and Ballard Power Systems (NASDAQ:BLDP).

Northland Power was down 0.2%, while Ballard Power Systems surged 2.6%.

The TSX is expected to post losses for a second consecutive month in March as investors were rattled by worries about monetary tightening and a potential collapse of the world’s banking system.

Still, the bourse is up for the quarter, supported by gains from January as stocks recovered from their losses from the previous year.

Enbridge (NYSE:ENB) Inc. increased by 2.4% after Credit Suisse changed its assessment of the oil transportation company from “underperform” to “neutral.”