Toronto stocks moved lower Monday, as losses in commodities dragged down the resource sectors, and more news of credit loss write downs in the U.S. sent financials lower.

The S&P/TSX composite index fell 90.51 points, or 0.63%, to 14,273.37.

Seven of the 10 TSX main sub-groups were down.

The energy index fell 0.83%.

Light, sweet crude futures dropped $1.95 to US$93.38.

Petro-Canada fell 74¢, or 1.36%, to $53.60.

The materials index fell 1.01%, while the gold sub-index dropped 0.60%.

Gold futures fell $2.30 to close at US$810.80.

Kinross Gold Corp. fell 11¢, or 0.58%, to $18.90.

The financials sector fell 0.61%.

Manulife Financial fell 58¢, or 1.35%, to $42.40.

The Canadian dollar advanced higher, gaining 0.14 of a cent to US107.18¢.

The S&P/TSX Venture composite index fell 17.37, or 0.55%, to 3,153.22.

In New York, markets ended lower as investors took in news of the resignation of Citigroup Inc. CEO Charles Prince after the firm booked US$11 billion in write downs.

The Dow Jones industrial average lost 51.70, or 0.38%, to 13,543.40, the Nasdaq composite index dipped 15.20, or 0.54%, to 2,795.18, and the S&P500 fell 7.48, or 0.50%, to 1,502.17.