The benchmark index of the Toronto Stock ended lower again on Friday as resource issues fell alongside commodity prices.

The S&P/TSX composite index closed down 43.43 points, or 0.32%, at 13,341.74. It was the index’s eighth weekly decline in nine weeks.

Just three of the 10 TSX main sectors posted losses on Friday.

The energy and materials sectors were responsible for the bulk of today’s losses, shedding 3.5% and 3.4% respectively.

Canadian Natural fell $6.07 to $77.58, while Agnico-Eagle Mines slid $3.84, or 7.1%, to $50.43.

The price of oil sagged $4.82 to US$115.20 a barrel as the U.S. greenback rose on concerns about slowing European and Asian economies.

Falling oil prices proved to be good news for other sectors, TSX including consumer and industrial shares.

The consumer discretionary sector added 3%, while the industrials group rose 1.4%. Gildan gained $1.82 to $28.14, while Canadian Pacific Railway was up $2.43, or 3.8%, at $67.03.

The heavy weight financials group gained 2.3%.

CIBC rose $1.35, or 2.2%, to $62.35, while National Bank of Canada was up $1.14, or 2.3%, at $51.75.

The junior S&P/TSX Venture composite index dropped 38.72 points, or 1.82%, to end at 2,091.47.

The Canadian dollar tumbled more that 1¢ from Thursday’s close. The loonie slid 1.28¢ to finish at US93.69¢.

Statistics Canada reported the economy lost 55,000 jobs in July, the biggest monthly loss since the 1991 recession.

In New York, U.S. stocks soared as plunging oil prices eased inflation concerns and improved prospects for business and consumer spending.

The Dow Jones industrial average rose 302.89 points, or 2.65%, to 11,734.32, while the S&P 500 jumped 30.25 points, or 2.39%, to 1,296.32. The Nasdaq composite index gained 58.37 points, or 2.48%, to 2,414.10.

For the week, the Dow gained 3.6%, the S&P 500 advanced 2.9% and the Nasdaq shot up 4.5%. It was the best week for all three indexes since April 20.