Toronto stocks extended their rally on Monday, getting a lift from the heavily weighted financial services group. The S&P/TSX composite index closed up 13.61 points, or 0.15%, at 9,371.89.

Volume was 269 million shares.

Financial issues led the way on Monday, rising 1.36%, as all six of the country’s big banks climbed, with several notching more than 2% gains.

Several TSX-listed insurers, including Manulife Financial, are set to report earnings later this week.

Overall, six of the TSX’s 10 subgroups closed higher including telecoms, which rose 1.28%. Health-care was up 0.68% and industrials added 0.19%.

Among the session’s losers, the energy sector flagged as oil prices fell to nearly four week lows on Monday as OPEC members indicated they may leave production unchanged for the rest of the winter.

U.S. crude futures settled down $1.20 to US$45.28 a barrel after touching US$45.10, the lowest since Jan. 12

Toronto energy shares fell 0.92%, technology lost 0.52%, materials retreated 0.95% and utilities shed 1.34%.

The junior S&P/TSX Venture composite index dropped 4.24 points, or 0.23%, to close at 1,823.16.

In New York, U.S. stocks ended slightly lower on Monday as market activity slowed amid a light schedule of corporate and economic news.

The Dow Jones industrial average was down 0.37 of a point at 10,715.76. The S&P 500 Index was down 1.31 points, or 0.11%, at 1,201.72. The tech-heavy Nasdaq composite index was down 4.63 points, or 0.22%, at 2,080.03.