TORONTO — The Toronto stock market registered a strong advance Tuesday as worries of an escalation in the Russian-Ukraine standoff lessened.The S&P/TSX composite index gained 95.32 points to 14,308.06, led by base metal stocks.The Canadian dollar gave up early gains to move down 0.22 of a cent to 90 cents US a day before the Bank of Canada’s interest rate announcement.U.S. indexes were also sharply higher in the wake of major losses Monday after Russian troops over the weekend invaded the Crimean peninsula, where Russia has major military installations and much of the population is Russian speaking.Although tensions are still high, they were ratcheted down somewhat after Russian president Vladimir Putin ordered tens of thousands of Russian troops participating in military exercises near Ukraine’s border to return to their bases.The Dow Jones industrials jumped 198.6 points to 16,366.63, the Nasdaq gained 65.82 points to 4,343.12 and the S&P 500 index ran up 23.51 points to 1,869.24.Putin has said he hopes that Russia won’t need to use force in eastern Ukraine. The Kremlin, which does not recognize the new Ukrainian leadership, insists it made the move into Crimea in order to protect Russian installations in Ukraine and its citizens living there.Analysts warn that the situation in eastern Europe still remains highly volatile for global markets.“Note that this withdrawal of troops refers to exercises that… the Russian authorities had always maintained were unrelated to Ukraine,” said Adam Cole, head of G10 FX Strategy at RBC Capital Markets.“It does not appear to have any bearing on Russian troops inside Crimea. As such, markets will remain sensitive to Ukraine-related headlines and further bouts of risk aversion are likely.”Meanwhile, Scotiabank reported $1.71 billion of quarterly net income, up 6.5% from a year earlier. Ex-items, earnings came in at $1.34 a share, which met estimates. The bank is raising its dividend 3% to 64 cents a share and its shares gained 43 cents to $63.46.“If you look to see where the earnings came from, a lot of it was domestic,” said Allan Small, a senior adviser at Holliswealth, observing that Scotiabank has had the most exposure to emerging markets of the big banks.“And right now, the emerging markets are struggling. They had a great run for a long time and now everyone is kind of stepping back.”RadioShack will close up to 1,100 U.S. stores as the electronics retailer reported a quarterly loss of $191.4 million, up sharply from a $63.3-million loss a year earlier. Excluding items, the electronics retailer lost $1.29 per share against the 16 cents that analysts expected and its shares plunged 17% in New York.The base metals segment led advancers, up 2.47% as May copper clawed back Monday’s two-cent loss and then some, up four cents to US$3.21 a pound.The industrials group also provided lift, up 0.85%.Oil and gold gave back a good-sized chunk of the gains racked up on Monday with the April crude contract in New York down $1.71 to US$103.21 a barrel. The energy sector rose 0.06%.The gold sector was off 0.45% as April bullion faded $12.40 to US$1,337.90 an ounce.