toronto dec 6 reuters  canadas main stock index rose on monday as investors took the view that the recent selloff driven by worries about the new omicron coronavirus variant and potentially tighter monetary policy went too far the toronto stock exchanges sptsx composite index gsptse ended up 22783 points or 11 at 2086110 it fell 23 last week its biggest weekly decline since january i think people woke up over the weekend and said the volatility of last week was perhaps overdone said philip petursson chief investment strategist at ig wealth management its not just limited to whats going on in toronto its also going on in the united states wall streets major averages closed higher with economically sensitive sectors and travelrelated stocks soaring as investors were encouraged by some optimistic comments from a top us official on the new variant read more all 11 of the toronto markets main sectors gained ground including a 17 advance for energy as oil prices rallied us crude oil futures settled 49 higher at 6949 a barrel read more it was led by a 93 jump in the shares of dye  durham ltd dndto after the cloudbased software company said it has acquired telus corps tto financial solutions business markets are probably going to be volatile until we get through the federal reserve meeting said gregory taylor a portfolio manager at purpose investments us federal reserve policymakers meet next week and will consider speeding the reduction of their bondbuying program which currently is on track to end by june 2022 read more the bank of canada is due to make a policy decision on wednesday reporting by fergal smith additional reporting by amal s in bengaluru editing by sandra maler