Toronto stocks edged up Friday, as a drop in the gold sector was offset by advances in both the energy and financials sectors.

The S&P/TSX composite index finished up 7.71, or 0.06%, to 11,937.62.

For the week, the benchmark index advanced 0.7%.

Volume on the senior exchange was 345 million shares.

Half of the 10 TSX main sub-groups were up, with the financials group moving forward 0.25%.

The Royal Bank of Canada gained 37¢, or 0.41% to close $89.77.

The energy sector moved up 0.17%. The March contract for light sweet crude on the New York Mercantile Exchange climbed 32¢ to US$65 US a barrel.

Petro Canada shares rose 9¢, or 0.16%, to $56.44.

The materials sector declined 0.51%. The futures contract for bullion on the Nymex fell $5.20 to US$571.60 an ounce.

Goldcorp Inc. fell 89¢, or 2.86%, to $30.26.

In corporate news, Vincor International reported its third-quarter profit dipped to $14.4 million from $19.2 million last year, but it announced its first-ever quarterly dividend, 15¢ a share. Vincor added $1, or 3.45%, to close at $30.

The Canadian dollar fell 0.05 of a cent to close at US87.32¢.

The S&P/TSX Venture composite index finished up 17.36, or 0.68%, to 2,571.63.

In New York, stocks fell on disappointing economic and corporate news.

The Dow Jones industrial index fell 58.36 to 10,793.62, the Nasdaq lost 18.99 to 2,262.58 and the S&P 500 index shed 6.81 to 1,264.03.

A report showing stronger job and wage growth fueled fears the Federal Reserve would raise interest rates further to curb inflation.

For the week, the Dow ended down 1.04%, the S&P 500 lost 1.54% and the Nasdaq fell 1.81%.