Toronto stocks fell Friday as a drop in oil prices prompted profit-taking in the hot energy sector ahead of a holiday weekend.
The S&P/TSX composite index dropped 41.42 points, or 0.38%, to 10,771.88. For the week, the index rose 2.7%.
The energy group fell 1.25% and the health-care sector dropped 0.98%.
Eight of the TSX groups ended lower.
Shares of EnCana Corp. dropped $1.80, or nearly 3%, to $58.90, while Suncor Energy shares fell $2.36, or 3%, to $70.04.
The junior S&P/TSX Venture composite index advanced 7.13 points, or 0.37%, to end at 1,951.63.
The Canadian dollar snapped a four-day win streak with a lower close against the U.S. currency on Friday as oil prices retreated. The loonie finished at US84.21¢, down from US84.50¢, at Thursday’s close.
On Wall Street, U.S. stocks edged lower on Friday as energy shares, declined after the promise of fuel aid in the wake of Hurricane Katrina drove crude oil prices down.
The Dow Jones industrial average slipped 12.26 points, or 0.12%, to 10,447.37 and the S&P 500 Index was down 3.57 points, or 0.29%, at 1,218.02. The Nasdaq composite index was down 6.83 points, or 0.32%, at 2,140.07.
For the week, the Dow ended up 0.5%, Nasdaq rose 1%, and the S&P 500 rose 1.1%.