Toronto stocks closed lower Friday as investors moved to lock-in profits on banking shares. The S&P/TSX composite index dropped 93.30 points, or 0.89%, to 10,422.93.

For the week, the key index rose 0.46%.

Toronto’s key index will be closed on Monday for Civic Day holiday.

Seven of the TSX 10 main groups ended lower.

After rising earlier this week on renewed merger talk, the heavily weighted financial index fell 1.27%.

Royal Bank of Canada shares fell $1.07, or 1.4%, to $77.40, while TD Bank gave back 82¢, or 1.4%, to close at $55.90.

The energy sector eased 0.9%. Energy stocks ignored a surge in oil prices as some upbeat quarterly earnings reports that had buoyed the sector earlier this week left it a key target for doling out profits ahead of the holiday weekend.

Shares of EnCana Corp., the biggest drag on the index, fell $1.63, or 3%, to $50.47, while Nexen Inc. eased $1.74, or 3.7%, to $45.38.

The junor S&P/TSX Venture composite index was today’s only gainer, rising 19.98 points, or 1.12%, to 1,803.73.

In New York, U.S. stocks fell on Friday after government data showed the economy grew no faster than expected and crude oil prices climbed, spurring worry that high energy costs will cut into corporate profits.

The Dow Jones industrial average was down 64.64 points, or 0.60%, to end at 10,640.91 and the Standard & Poor’s 500 was down 9.54 points, or 0.77%, at 1,234.18. The tech-heavy Nasdaq composite Index was down 13.61 points, or 0.62%, at 2,184.83.

For the week, the Dow ended off 0.1%, the S&P 500 rose 0.1%, and Nasdaq gained 0.2%.

For the month, the Dow ended up 3.6%, the S&P 500 advanced 3.6% and the Nasdaq climbed 6.2%.