TORONTO (Reuters) - Canada's main stock index rose more than 1 percent on Wednesday, led by gains across all major sectors, as investors cheered comments from U.S.

After fueling a rally in bond prices, Federal Reserve Chairman Ben Bernanke sent the U.S. Treasury debt market crashing to earth. In recent trade, the benchmark 10-year note fell 21/32 in price, sending up the yield to 2.019%.

Sales at Target Corp.'s new Canadian stores were better than expected during the first quarter, even as the department store chain reported its overall profits dropped 26 per cent.

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CALGARY - A business owner from Jasper will represent Alberta in the finals of the 2013 BDC (Business Development Bank of Canada) Young Entrepreneur Award.