Toronto's main stock index, after witnessing a sharp fall early in the day, ended only slightly lower on Tuesday. The boosting gold mining shares lessened a drop in energy shares, on doubts that Europe's banking troubles could disrupt economic recovery globally.

Gold miners also escalated as gold prices climbed on safe-haven buying and financial shares had trimmed early losses, by the end of the day. Jean-Francois Dion, Vice President and portfolio advisor, Canadian equities shared that the index found support at around its 200-day moving average of around 11,500, which is a technical level strictly watched by strategists.

Dion said, "I don't think it's an exact science, but I think there's been focus around these levels and we seem to be finding support there. If we find some solid support around the 200-day average I think it would be very positive for the overall for the market".

Suncor Energy was down 1.7 percent at C$30.66, while Canadian Natural Resources dipped 1.1 percent at C$34.30. The country's biggest lender, Royal Bank of Canada was down 0.82 percent at C$58.99, and Bank of Nova Scotia dipped 0.14 percent at C$49.43. Energy shares and Canadian banks were caught up in a global selloff early in the day which sent the TSX down 2 percent.